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Google's Stock Price Races Past $500

ibtimes.com — Google Inc.'s stock price surpassed $500 for the first time Tuesday, marking another milestone in a rapid rise that has catapulted the Internet search leader into the corporate elite

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  • omega95, on 10/12/2007, -21/+15Tech bubble 2.0
    Start the countdown to crash ... ... Now.
    • NICU, on 10/12/2007, -4/+61Google has said on many occasions that they are not responsible for their stock prices and any financial damages that might occur since Google's stock is still in Beta. ;-)
    • Four20, on 10/12/2007, -10/+2shhhhs dont jynx it
    • MaddDog, on 10/12/2007, -1/+12And to think, Google reduced their IPO price from $100 to around $85. And people thought it might be too expensive then. It debuted on the market at around $95-100. Would have been sweet to pick that up two years ago.
    • evolent, on 10/12/2007, -6/+7I'd love it if there was a bit of price crash. I think Google has great ideas behind it, and smart people implementing those ideas. However, the current P/E ratio of 60 is pretty scary. I think as soon as there is the slightest hint that their revenue growth is no longer increasing exponentially, there is going to be a flurry of selling.

      At which point I'd be more than happy to grab some stock at a discount.
    • vertinox, on 10/12/2007, -3/+7@"Start the countdown to crash ... ... Now."

      Actually, you couldn't be even more wrong.

      The majority Google's stock is owned by a small amount of very wealthy people and organizations.

      Larry and crew refuse to let the stock split in order to prevent small time investors from buying.

      Hence less stock instability due to finicky investors and pump and dumpers...

      That and it keeps them having to deal with "pleasing" the shareholders with constant finagling of the quarterly profit reportings.
    • deanlowe, on 10/12/2007, -2/+11Google is now worth more than Intel, AMD/ATI and Nvidia combined. Are Google ads really making that much money?
    • kazzyD, on 10/12/2007, -1/+1Check out the Googometer, a visual graphic of how the company compares to other top companies valued just below or above it:

      http://www.computers.net/2006/11/the_googometer_.html
  • qoraks, on 10/12/2007, -8/+1how far will it reach?? $1000??
  • Performance, on 10/12/2007, -9/+3I dont think google will crash, but all these nerds who think there is a web 2.0 is gonna find out web 2.0 consists solely of google and yahoo.
  • oakj423, on 10/12/2007, -3/+10why don't we ask google finance how they're doing?

    http://www.google.com/finance?client=ig&q=GOOG

    well, it could be inaccurate, they're still in beta
  • hidd, on 10/12/2007, -14/+3i'm richhhhh b*tachhhhhhh
    • dracostimpy, on 10/12/2007, -2/+6What's the * for in "bitachhhhhhh"?

      I'm not sure what a "bitach" is, so can you link me to a definition since I want to make sure I'm not omitting any curse words from my repertoire?
  • arkmtech, on 10/12/2007, -8/+1Glad I bought my shares on opening day when it was around $87. >:) *gloats*

    Can't wait for it to split!
    • pubincome, on 10/12/2007, -7/+1Keep waiting... their stock price adds to their perceived value and they know it.
  • fieldyflea, on 10/12/2007, -6/+5Wow, John Dvorak was right about Google racing past 500 bucks. I remember him saying that on an episode of TWiT a while back, hmm, not sure why I would remember that tough, oh well.
  • Vokas, on 10/12/2007, -7/+3I do believe Dvorak called this one, that man is a genious.
  • secretmode, on 10/12/2007, -7/+1Google ROX
    • StephenChow, on 10/12/2007, -4/+1Google, we want your information
  • macmcrae, on 10/12/2007, -1/+9Irrational Exuberance 2.0
    • hoppdawg, on 10/12/2007, -0/+1Seriously. I'm going to let the cat out the bag here:

      Historically, buying stocks with a P/E ratio as high as Google's is now, do not make money for investors.
  • yossarian24, on 10/12/2007, -3/+5i got in 2 days before the youtube deal went down... My spider senses are telling me its only going to go up, especially if they split, which they are going to have to soon... google just got through a period of new products, which is always the most unpredictable times for a stock, now that it will just be improving and marketing all of its new products for a while its stock should stay steady and keep climbing (I hope!)
    • pianomahnn, on 10/12/2007, -0/+12Why do they "have" to split?
    • evolent, on 10/12/2007, -3/+3Indeed. I think they have delusions of Berkshire-Hathawaydom...
    • rtfx, on 10/12/2007, -0/+8They have stated that they will not split. Keeps out the speculators.
    • adamlaz2, on 10/12/2007, -1/+1I read an article on Yahoo! finance one time or another that said Google may split once it reaches 500$. it is all speculation... we wont know till it happens- if it happens
  • yossarian24, on 10/12/2007, -2/+2@ pianomahnn

    because eventually it might get to the point where people would be discouraged from buying the stock because they can't afford one share.

    I only have a casual knowledge of the stock market so someone else should explain that better
    • evolent, on 10/12/2007, -0/+2Yeah, but occasionally people see that as desirable. Warren Buffett wanted to encourage people to buy and hold a share in Berkshire-Hathaway *forever* and so didn't split it. It's a huge investment for an investor to make (BRK.A is currently at $107,000 a share) If the share price is high then there isn't as much speculation, as rtfx said above.
  • Mrkamikaze, on 10/12/2007, -10/+3Wow the most over priced stock in history.
  • rtbenson, on 10/12/2007, -3/+2Time to start backdating my holdings.

    :)
  • bdub92, on 10/12/2007, -9/+2***** ya, i bought 2, that is right TWO shares, at 390$, ***** ya i just made $230 doing jack ***** for 6 months!
    • beotch, on 10/12/2007, -0/+5Unless you sold it you haven't made money. Sell it, then brag.
    • rockefeller, on 10/12/2007, -2/+2That's probably the worst thing that could happen to a noob investor. It's like going to Vegas and hitting it big the first time.

      It seems so easy, so you'll dump a bunch of money into it and fall flat on your face.
    • phantom317, on 10/12/2007, -4/+2No one gives a crap about your $230 bux, its not even enough to buy a Nintendo Wii.
    • hoppdawg, on 10/12/2007, -0/+1Keep it up, leverage your house to buy some more on margin!! Free money! yea!

      see you at the forclosure :-)
  • Mar1in, on 10/12/2007, -5/+0I predict that Google has already seen it's best days and will begin to wane. I say this because of the current Google backlash that seems to be gaining a little bit of momentum in the industry but ALSO, just from personal experience, I've noticed that their "bread and butter" search engine seems to be stagnating and maybe even producing worse results than in the past. If this is so, I'm not sure whether this is due to Google trying to balance the spammers with yielding useful results or what, but for software development queries, I'm finding better results in Lycos. I still use google for the majority of my queries out of force-of-habit, but more and more I'm reaching out to the "old-school" search engines.
  • mikegre, on 10/12/2007, -1/+2The year is 2010....

    "I remember back in 2006...I could have picked up Google for $505 a share."
  • hoppdawg, on 10/12/2007, -0/+1$500 is a lot for a slice of the pie. But, ummm, thats some good pie.

    (There are 305 million outstanding pieces of that 500/slice pie making it a little overvalued for my tastebuds. I'll stick with pumpkin tommorrow.)
  • 000855, on 10/10/2007, -0/+2Free money! yeeea!
    http://finances-business.blogspot.com/
  •  

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