10e20.com— Google just hit $500 a share -- but are they the richest? Not yet. They still have 14 more companies to surpass.
Nov 22, 2006View in Crawl 4
Google is way over priced. Some people never learned their lesson in the dot com bust -- guess more pain is in store for some. Those that get out first will benefit... and that's NOT the little guy sorry to say. Take your money and run if you can...
I don't know enough about the stock market to make an accurate comparison between Google and companies with a larger market cap. That being said, I think it's crazy (and flat out wrong) for people to think Google is overpriced if they're basing that thought on the dot com bust and other companies like Microsoft or Yahoo!. If you look at the companies with the highest market cap (Exxon Mobil, General Electric, Home Depot etc), you'll notice that they aren't all competing with each other, they're the best in their individual field of business. People NEED gas, appliances, hardware, etc.As another person put it, "Google is not the next Microsoft. They're the next electricity." Many aspects of life are becoming increasingly dependent on search, of which Google is king. More and more, people will realize that they NEED search, but not in the same way that they need gas, or appliances, or hardware. People will realize that they need search like they need electricity: for almost everything.
I can certainly see google surpassing cisco with ease.But the fact is google doesn't make q-tips or sell electricity or lightbulbs. Google doesn't compete with the others because they're in a different industry. Since when did you buy a G-tip?
If Google really believed in the future value of their stock, wouldn't we have already seen a stock split? I guess the higher you let it go, the longer it will take to drop.
danswim393Nov 22, 2006
This is very interesting, & certainly a story to follow as it continues to develop.
ugotz2Nov 22, 2006
Google is way over priced. Some people never learned their lesson in the dot com bust -- guess more pain is in store for some. Those that get out first will benefit... and that's NOT the little guy sorry to say. Take your money and run if you can...
chesterjosiahNov 22, 2006
I don't know enough about the stock market to make an accurate comparison between Google and companies with a larger market cap. That being said, I think it's crazy (and flat out wrong) for people to think Google is overpriced if they're basing that thought on the dot com bust and other companies like Microsoft or Yahoo!. If you look at the companies with the highest market cap (Exxon Mobil, General Electric, Home Depot etc), you'll notice that they aren't all competing with each other, they're the best in their individual field of business. People NEED gas, appliances, hardware, etc.As another person put it, "Google is not the next Microsoft. They're the next electricity." Many aspects of life are becoming increasingly dependent on search, of which Google is king. More and more, people will realize that they NEED search, but not in the same way that they need gas, or appliances, or hardware. People will realize that they need search like they need electricity: for almost everything.
adragonsNov 23, 2006
I can certainly see google surpassing cisco with ease.But the fact is google doesn't make q-tips or sell electricity or lightbulbs. Google doesn't compete with the others because they're in a different industry. Since when did you buy a G-tip?
wassim2kNov 23, 2006
If Google really believed in the future value of their stock, wouldn't we have already seen a stock split? I guess the higher you let it go, the longer it will take to drop.