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geekerati
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 Posted: Tue Nov 29, 2005 12:43 am Post subject: Wall Street agog over Google |
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| Quote: | When search giant Google asked for $85 per share in its initial public offering on Aug. 19, 2004, more than a few people thought its wunderkind founders had perhaps drank a bit too much of their own Kool-Aid.
Fifteen months later, it looks like, if anything, they underestimated investors' enthusiasm for their fast-growing company.
Google's stock price continued its upward march Monday, finishing the day at $423.48 per share, giving it a $125 billion market capitalization. That was just a smidge below its all-time high. Still, Monday's closing makes Google more valuable than eBay and Amazon.com combined, dwarfs Time Warner's $84.35 billion market cap and even tops networking king Cisco Systems, which has a $107.4 billion cap.
The question now, of course, is just how high can Google go? |
CNET News
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darrenstraight
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| Posted: Tue Nov 29, 2005 7:25 am Post subject: |
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All things that go up must come down but when will that be?
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kcmandava
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| Posted: Tue Nov 29, 2005 6:29 pm Post subject: |
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When Google reaches markets saturation or when competitors like Yahoo and Microsoft bring in equally good products.
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G2TheEmini
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| Posted: Sun Dec 04, 2005 9:39 am Post subject: Re: Wall Street agog over Google |
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"When search giant Google asked for $85 per share in its initial public offering on Aug. 19, 2004, more than a few people thought its wunderkind founders had perhaps drank a bit too much of their own Kool-Aid.[/b]
Fifteen months later, it looks like, if anything, they underestimated investors' enthusiasm for their fast-growing company.
Google's stock price continued its upward march Monday, finishing the day at $423.48 per share, giving it a $125 billion market capitalization. That was just a smidge below its all-time high. Still, Monday's closing makes Google more valuable than eBay and Amazon.com combined, dwarfs Time Warner's $84.35 billion market cap and even tops networking king Cisco Systems, which has a $107.4 billion cap.
The question now, of course, is just how high can Google go? "
I think they should be agog....the google stock has done amazingly well and I think it will continue a gradual rise at least for a little whil longer.
CNET News[/quote] |
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