Google continues to launch fantastic products including the Analytical Tool, Google Earth, Google Talk, Google Pages, Personalised Google, the list goes on and on but can they justify such a high stock price. It's great that all of these products are free to use which immediately knocks the competition down and their market share is enormous. But the recent slide from $450 to $350 points out that these guys are surely overvalued with a market cap of $105B.
I've not had the best of luck in tech stocks but have had some success with companies such as Cisco and BEAS and I'll probably steer clear of Google.