Posted on 11/21/2006 9:34:35 AM PST by ritewingwarrior
Google Inc.'s stock price surpassed $500 for the first time Tuesday, marking another milestone in a rapid rise that has catapulted the Internet search leader into the corporate elite.
Continuing a recent surge driven by Wall Street's high expectations for the company, Google's shares rose $9.67, or nearly 2 percent, to $504.72 in morning trading on the Nasdaq Stock Market.
That left Google with a market value of about $154 billion just eight years after former Stanford University graduate students Larry Page and Sergey Brin started the business in a Silicon Valley garage.
The Mountain View-based company is now Silicon Valley's most valuable business, eclipsing the likes of Intel Corp., the world's largest computer chip maker, and Hewlett-Packard Co., a high-tech pioneer that also famously started in a garage 67 years ago.
Google's remarkable success has minted Page and Brin, both 33, as multibillionaires along with their hand-picked chief executive, Eric Schmidt.
Hundreds of other Google employees are millionaires because so many investors want to own a piece of a company that has become the Internet's most powerful financial force while building a brand so ingrained in society that it has become part of the English language.
(Excerpt) Read more at breitbart.com ...
Dam that sounds like a great idea. They could do that for all businesses that do well.
Holy overpriced stock batman
tech ping?
OK. I'm clueless here. How does Google generate income?
Where's the time machine, Robin?
Dang don-o, that was gonna be my question!
Advertising and search engine placement. So far as I know.
Google is confiscating the classified ad business from the MSM, for one thing.
But I must say, I think a market cap of $154 billion is a little over the top.
Primarily from their AdWords pay-per-click advertising.
It was overbought at $80.....
who says you can't relive the past....and if it crashes as it will someday..they will interview single moms who lost it all....pity the idiot
seems the joke going around about Google today is to search for :
" French Military Victories " and then hit " I'm Feeling Lucky "
Advertising. They also have a loss leader for enterprise search.
37x 2007 earnings. Believe its around 22x 2008 earnings. They continued to pound their earning estimates so I don't think it is THAT overpriced although I do think the stock won't do much for the next couple of years. If it tops its estimates the way it has every quarter but once since going public, it should be at around 15-16x '08 earnings and possibly 10-12x '09 earnings. The earnings growth of google continues to far exceed that of any other company, especially for one of its size.
If the stock's share price was $80/share ("overbought") it would be at 10x EPS and around 6x next year's EPS which is about 1/2 and 1/3 of companies like Proctor & Gamble and far below historical averages--especially for a company still enjoying 50+% earnings growth each year and destroying quarterly estimates 9/10 quarters since going public. $80/share for google at this point would be the deal of the century. Do you people even check things out before you post?
Hey, and they could build a polical party around that idea. oh... done.
the easiest way to make money in the stock market is to watch when all the small investors buy into a stock- its value will then plummit- as predictable as a clock.
ROTFLMAO! No such document!
If they liquidated today, you could use their shares as toilet paper. Thats what it would be worth.
I would think sometime in the near future this stock has got to fall to earth. I do not see the value.
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