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An attendee from a November forum was unimpressed by Marissa Mayer. Granted, the tipster is betting on a Google stock loss.

Her presentation at MIT Technology forum here in NY was jaw dropping [...] She put up a slide for news.google.com, and mumbled about how some software engineeer thought the idea of creating an automatically generated news page would be cool.

The series of summary slides stole the show. It started with a 3Mpixel photo of a Mission church somewhere in beautiful California. She then switched to new slides that zoomed in on a fresco on the side of the church (taken from the same 3Mpixel image, of course). This was pitched as a "metaphor" for how Google delivers value.

Someone in the audience asked what they plan to do with the proceeds from their secondary. "New servers" came back the answer. Goldman Sachs analysts/underwriters were probably nodding their heads.

She gave away the store with a pie chart showing how her reports divide their time (20% doing something, the rest of the time working on search and user experience). I wasn't taking notes, but what was presented in that slide seemed disappointing. In fact, her whole presentation seemed like a disaster.

For the record, I'm short GOOG.

She may not have been that awful — after all, this is coming from a stock shorter who hadn't heard of Google's much-hyped 20% time.