Google up on high ad revenue

Google (GOOG) blew past earnings expectations today, rising almost 9% after the bell, raising its stock price over $200.

Google's Q4 net profit was 71 cents a share, higher than the consensus analyst estimate of 67 cents and up more than sevenfold from the 10 cents a share reported Q4 of last year.

While this is a stock that has been on my watchlist for a while, the high apparent PEG ratio has scared me a bit. I'll have to look over it again, but if I do take a bet on the internet search sector, I'd most likely take it on Ask Jeeves (ASKJ), as it seems to be a more fairly valued play (though certainly a more vulnerable property than Google, in my opinion).