Google Repeats Growth Warning

Google(GOOG Quote) shares were lower in Thursday's premarket session after the company repeated a mild caveat about sequential revenue growth in a corporate filing.

In a discussion of business trends contained in an S-1 registration, Google warned that it is unlikely sequential growth in the fourth quarter will match the 15% it put up in the third. The language looked similar to a warning contained in the company's previously filed 10-Q.

"Although our revenue growth rate increased in the third quarter of 2004 compared to the second quarter of 2004, our revenue growth rate has generally declined, and we expect it will continue to do so as a result of increasing competition and the inevitable decline in growth rates as our revenues increase to higher levels," Google said. ...