Wall Street agog over Google

geekerati · 11-28-2005, 11:43 PM

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

darrenstraight · 11-29-2005, 06:25 AM

All things that go up must come down but when will that be?

kcmandava · 11-29-2005, 05:29 PM

When Google reaches markets saturation or when competitors like Yahoo and Microsoft bring in equally good products.

G2TheEmini · 12-04-2005, 08:39 AM

"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]

11-29-2005, 06:25 AM	#2 (permalink)
darrenstraight Microsoft Student Partner Google Guru Join Date: Jul 2004 Location: England Posts: 5,787 Thanks: 0 Thanked 2 Times in 2 Posts	All things that go up must come down but when will that be? __________________ Visit my Tech Blog!

12-04-2005, 08:39 AM	#4 (permalink)
G2TheEmini Junior Googler Join Date: Nov 2005 Posts: 34 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Wall Street agog over Google "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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11-29-2005, 05:29 PM	#3 (permalink)
kcmandava Master Googler Join Date: Sep 2004 Location: U.S Posts: 859 Thanks: 0 Thanked 0 Times in 0 Posts	When Google reaches markets saturation or when competitors like Yahoo and Microsoft bring in equally good products.

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