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October 23rd, 2005, 08:23 PM
#1
Google : the 100 billion dollar baby!
Don'tcha wish you had original stock...OPPS...missed another one...just 14 months ago you could've put up your life savings mortgaged your home and bought at only 85 bucks a share...and quadrupled your money...
SAN FRANCISCO — Google Inc.'s market value briefly surpassed $100-billion (U.S.) for the first time Friday, its stock scaling new heights after an earnings and revenue spike that astonished investors.
The on-line search leader's shares traded as high as $346.43 on the Nasdaq Stock Market before backtracking as the day progressed. The shares had gained $36.16, or 11.9 per cent, as their price eased to $339.36 in late afternoon trading.
After the slight retreat, Google's market value stood at $98-billion after just seven years in business. That was nearly $20-billion above the market value of Hewlett Packard Co. — a Silicon Valley pioneer founded 66 years ago.
Google's shares have nearly quadrupled since their initial public offering at $85 just over 14 months ago — a stretch that has been marked by stunning financial growth and a steady stream of new products designed to lure even more traffic to a search engine that seems to spit out profits as efficiently as it does answers.
http://www.globetechnology.com/servl...ry/Technology/
Globetechnology: Google's stock soars higher
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