Confidence in Google Inc and CEO, Larry Page (38), wavered today and shares suffered as a result.

Shares had previously gained 2 points after the quarterly results released on Thursday, January 20, reflected positive growth for the search engine giant. The announcement also included CEO Eric Schmidt being replaced by Page.

However the stock market didn’t maintain confidence in Page’s ability to rejuvenate Google and stocks fell by $1.08 on midday Friday, January 21.

Analyst Colin Gillis said that Page was probably going to invest in property, which would be a positive long-term move, but would not benefit the company in the near future.

Page will take over the position of CEO in April. Google hopes that the new CEO can put the company back on track against fresh competition from Facebook and Twitter. Technology saviors believe that the change in CEO is a sign that the still young Google is going into mid-life crisis.

Tech-savvy Chris Dixon asked the question of whether Page coming to Google was like Steve Jobs or Jerry Yang returning to Apple.

Steve Jobs was able to rejuvenate Apple Inc when he returned to his start-up company in the early 1990s. Since then Jobs has become synonymous with Apple and the company is now the most dominant company in the tech world.

On the other hand, Jerry Yang made a similar attempt to return to his failing company, Yahoo, but did not manage to revive his once-thriving company’s fortunes.

JP Morgan said that investors shouldn’t place so much importance on the head of the company and should be comforted by the fact that the core management team remained the same.

Confidence in Google Inc and CEO, Larry Page (38), wavered today and shares suffered as a result.

Shares had previously gained 2 points after the quarterly results released on Thursday, January 20, reflected positive growth for the search engine giant. The announcement also included CEO Eric Schmidt being replaced by Page.

However the stock market didn’t maintain confidence in Page’s ability to rejuvenate Google and stocks fell by $1.08 on midday Friday, January 21.

Analyst Colin Gillis said that Page was probably going to invest in property, which would be a positive long-term move, but would not benefit the company in the near future.

Page will take over the position of CEO in April. Google hopes that the new CEO can put the company back on track against fresh competition from Facebook and Twitter. Technology saviors believe that the change in CEO is a sign that the still young Google is going into mid-life crisis.

Tech-savvy Chris Dixon asked the question of whether Page coming to Google was like Steve Jobs or Jerry Yang returning to Apple.

Steve Jobs was able to rejuvenate Apple Inc when he returned to his start-up company in the early 1990s. Since then Jobs has become synonymous with Apple and the company is now the most dominant company in the tech world.

On the other hand, Jerry Yang made a similar attempt to return to his failing company, Yahoo, but did not manage to revive his once-thriving company’s fortunes.

JP Morgan said that investors shouldn’t place so much importance on the head of the company and should be comforted by the fact that the core management team remained the same.