Newly released Google Desktop Search 2 and its accompanying Sidebar really gives you some idea of where the company is heading. They want to take over your PC and dethrone Microsoft as the desktop monopoly. I haven't seen software innovations like these before. It's hard to not get excited about it, and not even just from an investor perspective, but instead simply as a computer user.

As for Google (GOOG) stock, the chart looks very bullish. After a huge move, the shares have been moving sideways on lower volume. Growth investors probably can feel comfortable about owning it down at these levels. The next 6 to 12 months should be very exciting for industry watchers everywhere.