Will Google Shares Reach $600? @ WEB 2.0 JOURNAL

Will Google Shares Reach $600?

The Web advertising market in the U.S. is predicted to grow 29% this year to $21.7 billion

Oct. 3, 2007 03:00 AM

Can the stock of Google, whose share of the Internet search market according to ComScore increased to 56.5% in August (from 55.2% in July) and who is striving to acquire DoubleClick for $3.1BN, reach $600, just three years after it began trading - at $85 - in 2004?

With the third-highest market cap (more than $180BN) of any U.S. technology company - Microsoft is #1 and and Cisco Systems is #2 - Google's share price this year alone has risen by 27%.

It now has the sixth-highest stock price in the entire U.S., having yesterday reached $596.81 on the Nasdaq Stock Market before settling to $584.39 at 4:00PM New York time - a remarkable feat given the fact that the GOOG share price dipped below the $500 level in mid-August after the company missed its second-quarter earnings numbers in July.

Today may just be the day that it hits $600.

Published Oct. 3, 2007 — Reads 2,230
Copyright © 2007 SYS-CON Media. All Rights Reserved.

▪ Google Makes its Move on Microsoft Office

▪ Google to Acquire DoubleClick

▪ Google Buys FeedBurner for $100 Million in Cash

▪ Google Good for $750?

▪ Google Called "Endemic Threat to Privacy"

▪ Google Acquires Security/Compliance Company Postini

▪ Google Finds Another Way To Charge for Search

▪ Concern About Google's Proposed Acquisition of DoubleClick is Rising

▪ How to Use Google Web Toolkit with Oracle Sleepycat

▪ Wikipedia Creator Advances Quest To Develop Open Source Counter-Google

▪ How to Create a Gadget for Google Desktop

▪ Google To Distribute Free StarOffice

▪ Leveraging Google's AJAX and Custom Search Engine APIs

▪ Web 2.0 Start-Up Zoho Uses Google Gears

▪ Google Loses Its San Francisco Wi-Fi Partner; Earthlink Exits Municipal Markets

▪ Building Google Calendar Applets with AJAX

▪ Adam Bosworth Leaves Google

▪ iPhone Is Safe No "gPhone" Coming From Google

▪ Will Google Gears Be the Basis for Online/Offline Version of Gmail?

▪ Mobile Advertising Breakthrough: Google AdSense for Mobile Is Unleashed

▪ Yet Another Half-App From Google

▪ Google Doodle Celebrates Birthday of the Search Engine That Changed the World

▪ Google Is 9 Years Old Today!

▪ Who's Making Book on the Google-DoubleClick Deal Going Through?

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The Web 2.0 Journal News Desk keeps you up to speed with all that's happening in the world of the read/write Web and all its mushrooming new facets - from tagging, wikis, mash-ups, and image-sharing to "Advertising 2.0," podcasting, and The Writeable Web.

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