PDA

View Full Version : Google Stock Tops $400


mangolass
11-18-2005, 12:14 AM
The latest phase of Google (http://www.nytimes.com/redirect/marketwatch/redirect.ctx?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp&symb=GOOG)'s dizzying stock market ascent saw its shares rise above $400 for the first time on Thursday, valuing the company at nearly as much as rivals eBay (http://www.nytimes.com/redirect/marketwatch/redirect.ctx?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp&symb=EBAY) and Yahoo (http://www.nytimes.com/redirect/marketwatch/redirect.ctx?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp&symb=YHOO) combined.At $112bn, the internet search engine company's stock market value has also edged past that of Cisco Systems (http://www.nytimes.com/redirect/marketwatch/redirect.ctx?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp&symb=CSCO), the maker of internet equipment that enjoyed a brief moment as the world's most valuable company at the height of the first internet boom.

Google's stock has risen about $100 since it dazzled Wall Street with unexpectedly strong third-quarter earnings a month ago. Since then, analysts' average estimate of next year's earnings has been raised $1.12 to $8.44, according to IBES, which monitors analysts' predictions. While earnings estimates have risen about 17 per cent, the shares have jumped more than twice as fast.

Despite a rapid ascent that echoes the euphoria of the dotcom boom, most analysts continue to be strong supporters of the stock, expecting it to rise further. Of 34 analysts who have ratings on Google, 25 recommend that investors buy the shares and eight rate it a "hold", according to data from Bloomberg.
http://finance.yahoo.com/q?s=GOOG

This means that Google is valued at more than twice what the entire Disney empire is worth ($52 Billion) ~ all for just a website.


LT

SheepFactory
11-18-2005, 12:15 AM
I wonder if a second dot com boom is coming?

PhilOsirus
11-18-2005, 12:27 AM
The worst in all this is that while google is great, various of its tools and services are hidden or unknown to most. That should really change already.

PyRoT
11-18-2005, 01:57 AM
Yeah, there's google video and that nice google personalised home page. THere are heaps more which I just forget about allthe time.

MarkusM
11-18-2005, 06:22 AM
and
www.blogger.com (http://www.blogger.com)

gotta love it. With Picasa and Hello! it's sweet.

Leonard
11-18-2005, 06:43 AM
I wonder if a second dot com boom is coming?

Let me know. I'll start floating Ballistic shares. LOL

Leo

CGTalk Moderation
11-18-2005, 06:43 AM
This thread has been automatically closed as it remained inactive for 12 months. If you wish to continue the discussion, please create a new thread in the appropriate forum.