Google Gains Give Some Fans Pause

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On Monday, American Technology Research analyst Mark Mahaney downgraded Google to sell from hold, citing a variety of concerns about valuation and competition.

But rather than give up on the large-cap Internet advertising business going into third-quarter earnings season, Mahaney is proposing a short-term strategy of going long Yahoo!’s (YHOO:Nasdaq – news – research) shares while shorting Google’s.

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