Google Shares Hit Landmark

Google shares briefly hit their highest point ever on Monday during trading, creeping over the $600 mark. Shares settled below that by the end of the day.

By contrast, Google shares were $85 in 2004 at its IPO. Currently valued at $187 billion, Google is the 11th largest company according to Standard & Poor's 500 Index by market capitalization.

While reaching the $600 mark was a significant milestone, some Wall Street watchers expect Google to break the $700 mark in the coming year as it continues to expand into other areas. Stock price is another area where those feisty Googlers are giving the Redmondians a run for their money.

Do you own any Google stock? What do you think about Google's increasing prominence and expansion into new markets? You won't have to search hard to find me at llow@redmondmag.com.

Posted by Lafe Low on October 10, 2007 at 11:57 AM


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