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Google Tops $500 a Share - Worth $154 Billion!Nov 21 2006 | Google |
Eight years ago Serge and Larry started Google in a rented garage - fast forward to the present, Google is worth over $154,000,000,000 and they now own that garage. Boy a lot can change in less than a decade. Today Google’s shares eclipsed the $500 mark and shows no signs of slowing down.
Google is now is now Silicon Valley’s most valuable business, eclipsing the likes of Intel Corp. at $125 billion, the world’s largest computer chip maker, and Hewlett-Packard ($108 billion). Funnily enough - HP is another high-tech pioneer that also famously started in a garage 67 years ago. Google now towers over such American mainstays as Ford Motor Company (a paltry $16 billion), Time Warner ($81 Billion) and even edges out IBM ($140 billion).
According to the AP’s Michael Liedtke:
The latest spurt of optimism appeared to reflect a belief that Google will quickly introduce ways to mine more online advertising revenue from its just-completed $1.65 billion acquisition of YouTube Inc. Google used its stock to finance the deal.
How high do you think GOOG will go? Can it hit $600?
Posted by Chris Winfield at 12:06 pm
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November 21st, 2006 at 12:35 pm
I would be interested in seeing the longevity compared to profit of each company?
November 21st, 2006 at 2:39 pm
i actually didn’t think it would break $100 shows how much i know!! now i think it will break $600 easily - go figure
November 30th, 2006 at 2:40 pm
Hey Chris and Fellow Bloggers-
I found a really interesting article today about Google stock. Basically they are saying that it has met its high, and now they are not getting much return since they have a lot of overhead.
Check it out: http://internet.seekingalpha.com/article/21221
Erika