RSSGoogle Shares Surge Past $500
By the Betanews Staff | Published November 21, 2006, 2:00 PM
Google's stock set yet another milestone during trading Tuesday, surpassing the $500 mark for the first time ever. If the stock manages to close above that level, it would be one of only six companies including superstar entrepreneur Warren Buffet's Berkshire Hathway to trade above $500. So far today, the stock has reached an intraday high of $507.57.
Google stock is now some six times the $85 IPO price it debuted at in August 2004. In those two years, the market capitalization of the leading search and advertising company has grown from $30 billion to over $153 billion today. Analysts expect the stock to continue to climb, with price targets set as high as $600.
While market capitalization may not represent "real money." it does give a gauge on how investors perceive the company. If you think that means nothing, you're wrong. You might want to tell Scott McNealy. Sun would kill for anything like Google's numbers. Google has more money tied up in fiber optics cable than Sun is worth in capitalization dollars.
Score: 0
|If I only bought two shares back in '04, I might of waited a week outside Best Buy with enough money for the PS3...
Score: 0
|If I only know what will the next mega million winning numbers will be.
Score: 0
|Ok, so its Stock is near $500 a share, who cares, what is their Profit Margin?
Score: 0
|I bet it goes past $600.00 By January. lol
Score: 0
|i bet by the end of 2007, they will be worth $1500. This way they can just buy out Microsoft.
Yea, keep dreaming.
Score: 0
|stock is way overrated
Score: 0
|Over 150b in market caps. little over 1/2 of msft's market caps, however, it trading 3 times msft P/E.
And what this have to do with betanews?
Score: 0
|Yeah, it's not like they make software or anything...
Score: 0
|All thanks to moronic tech investors with 6 month memory spans...
dot bomb anyone?
Score: 0
|so, where's that moron that always posts
"google is the devil" ???
Score: 0
|Who said the devil had to be destitute?
Score: 0
|GOOGLE OWNS!
Score: 0
|