Sunday, December 03, 2006
Google Shares Top $500
In the article Google Shares Top $500 by Bloomberg news he states that "Shares of Google Inc., the world's most-used Internet search engine, passed $500 for the first time after profit almost doubled in the last quarter and analysts predicted the stock may gain another 20 percent". This company which started at $85 a share in 2004 is now with six other big companies with the same level shares. They jumped up to twenty two percent this year.
"The stock's advance values Google at 62 times earnings, more than double the average for the Standard & Poor's 500 Software & Services Index. Investors are betting Mountain View, Calif.-based Google will continue to increase sales and profit as it captures rising demand for advertising linked to search results".
What I found to be interesting is that Yahoo came in second for the search engine while Google was at number one for its internet search engine. While Google is at 155 Billion dollars making them third while Yahoo is at 37 Billion dollars.
"Google remains our top pick in the Internet space," Heath Terry, an analyst at Credit Suisse in Manhattan, wrote in a note last week".
I found this interesting becuase I wouldn't think that Google is so popular. I barely use Google I prefer to go onto Yahoo to do a search and rarely think about using Google.
Resource: The Link: Newday.com
http://www.newsday.com/business/ny-bzgoog4985936nov22,0,2950154.story
"The stock's advance values Google at 62 times earnings, more than double the average for the Standard & Poor's 500 Software & Services Index. Investors are betting Mountain View, Calif.-based Google will continue to increase sales and profit as it captures rising demand for advertising linked to search results".
What I found to be interesting is that Yahoo came in second for the search engine while Google was at number one for its internet search engine. While Google is at 155 Billion dollars making them third while Yahoo is at 37 Billion dollars.
"Google remains our top pick in the Internet space," Heath Terry, an analyst at Credit Suisse in Manhattan, wrote in a note last week".
I found this interesting becuase I wouldn't think that Google is so popular. I barely use Google I prefer to go onto Yahoo to do a search and rarely think about using Google.
Resource: The Link: Newday.com
http://www.newsday.com/business/ny-bzgoog4985936nov22,0,2950154.story
