Google-Akamai Deal?
“I don’t think Google needs an Akamai to boost the performance of its own video network,” he said. “They do that pretty well themselves.”

Plus, Mahaney sees a lot of risk for Google if the company does the deal—not only regulatory but business ones as well. He thinks media companies like Netflix and Yahoo! probably wouldn’t want to use Akamai if it was owned by Google.

Shares of Google were up Wednesday as the tech titan prepared to report its quarterly results after the close Thursday.

Wall Street analysts expect another strong quarter for the Internet firm. But while there has been some chatter about a potential to lower expectations for 2012, Mahaney doesn’t think that’s the case.

“We haven’t seen any recessionary impact on Google’s search span,” he said. “And they got a new tailwind just in the next quarter or two (from) all this disruption at Microsoft and Yahoo.”

Mahaney sees mid-to-high teens growth for 2012 in the company’s core search business.

“I don’t think there’s a dramatic change in the growth trajectory,” he said.









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Trader disclosure: On Oct 12, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Najarian is long AAPL; Najarian is long C; Najarian is long MSFT; Najarian is long MS; Najarian is long YHOO bonds; Najarian is long WFC calls; Najarian is long ETFC; Najarian is long PEP; Najarian is long A; Najarian is long AKAM; Terranova is long VRTS; Terranova is long LQD; Terranova is long MUB; Terranova is long FCX; Terranova is long TBT; Terranova is long OXY; Terranova is long HOS; Terranova is long F; Terranova is long LULU; Terranova is long OIH; Terranova is long CAT; Terranova is long AXP; Terranova is long EMC; Terranova is long WFC; Terranova is long AAPL; Terranova is long IBM; Terranova is long Silver December $40 puts; Finerman owns AAPL; Finerman owns GOOG; Finerman owns JPM; Finerman owns MSFT; Kelly is long cooper; Kelly is short treasury bonds; Kelly is long IBM; Kelly is long KRE; Doolittle is long FAZ; Doolittle is long GLL; Doolittle is long SDS; Doolittle is long SSO; Doolittle is long TYP; Doolittle is long TZA; Doolittle is long ZSL; Gartman is short S&P 500 futures; Gartman is short euro; Gartman is long corn; Gartman is long wheat; Gartman is long British Pound

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