GMAIL, Google's worldwide email network has been down for approaching 1 hour as of writing this article. Users are being greeted with server errors when trying to access their email accounts this morning.

Google has confirmed that the outage is world wide and the company is trying to fix the problem as soon as possible. The outage appears only to be limited to google mail including web portal, POP and IMAP services, however so far has not affected google search. This outage may be related to google's offline GMAIL service launched at the end of last month.

This is the second world wide outage in less than a month which follows on Google Search going offline for more than 1 hour when a human error marked all search results as malicious.

Lately many companies in order to cut costs as the recession bites have been switching their email operations over to Google's free email service, this includes universities right across the globe.

Google's earnings are expected to continue to grow despite the slump in global advertising revenues, however the stock price has suffered in the bear market with news of Google's plan to pay staff stock options amounting to $460 million to further dilute existing share holdings, however the stock now trades on a PE ratio of 16 which is far lower than the heights of 60 seen during the peak and therefore given Google's growth rate of 16% per annum makes Google cheaply priced, off course as long as the company continues to grow at 16% per annum.

By Nadeem Walayat
http://www.marketoracle.co.uk

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on the housing market and interest rates. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 250 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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