An Indian Civilizational Perspective

Google gets to 100 billion Market Cap!

Google, the champion of tomorrows technology stocks has gotten to a new record for itself! 100 billion now.

Google Inc.’s market value briefly surpassed $100 billion for the first time Friday, its stock scaling new heights after an earnings and revenue spike that astonished investors.

The online search leader’s shares traded as high as $346.43 on the Nasdaq Stock Market before backtracking as the day progressed. The shares had gained $36.16, or 11.9 percent, as their price eased to $339.36 in late afternoon trading.

After the slight retreat, Google’s market value stood at $98 billion after just seven years in business. That was nearly $20 billion above the market value of Hewlett Packard Co. – a Silicon Valley pioneer founded 66 years ago.

 

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