Interesting tidbit from Cramer

Google's (GOOG - commentary - Cramer's Take - Rating) tough because, as great as it is, you still have to say it is a "decelerating" revenue story. And that's only because it can't grow at 99% as it did last year, although the 40% it is growing still ain't shabby.

Nevertheless, there are enough mutual funds out there that simply will not buy decelerating revenue growth, including many that only buy ARG, or accelerating revenue growth,.

But that doesn't mean you should give up on Google. I still believe the stock can get to $600, but it won't get there as quickly as when it was an accelerating story.

The reason? It's harder to value. Let's contrast it with eBay (EBAY - commentary - Cramer's Take - Rating) and Yahoo! (YHOO - commentary - Cramer's Take - Rating), both of which now sell at a higher multiple to earnings than Google. That's amazing, because both are mediocre compared with the earnings machine that is Google. But they are broken stories that might get fixed, so we will pay more for them because they can accelerate.