With more than 30 percent of Internet minutes allocated to Facebook the Internet's center of gravity is shifting through Google to Facebook, analyst Jordan Rohan said in an email to clients.
"Search just isn't the bright shiny object it was when Google became a public company in 2004, inch he wrote.
As social and mobile media emerges, there's reduced advertiser enthusiasm to spend more on Google, Rohan additional.
"Large acquisitions like Motorola Mobility may become more frequent and may distract Google's senior management team, " the analyst authored.
In August Google said it would buy Motorola Range of motion Holdings for $12. 5 billion -- its biggest deal ever -- and sparked investor concerns how the deal would take Google deeper into the competitive hardware business and threaten its popular Android operating-system.
Stifel cut its estimates for Google's fourth quarter, 2012 and 2013 results citing slowing core search growth because of maturation of desktop search and macroeconomic softening.
Mountain Look at, California-based Google is expected to report third-quarter results upon Oct. 13.
Google shares were down nearly one % at $498. 0 in premarket trade. They closed from $501. 90 on Tuesday on Nasdaq.
Source : India Times