Google’s Shares Top $300

I know that we are not a stock board. If we were we’d have things like this:

You shorts are in trouble wait for the cramer load the truck I was right all along I am never wrong. I had a load of those guaranteed march 195 calls he said 210 so i went with 195 for only a 100% loss.

But with the news that Google Inc.’s shares rose to $304.10 on Monday, the first time the 7-year-old Internet search leader’s stock closed above $300, the story transcends the business section. At that price, Mountain View, Calif.-based Google is worth $84.5 billion — more than such venerable companies as Time Warner Inc., Amgen Inc. and Hewlett-Packard Co.

Despite all of the neat things it does, Google makes nearly all of its money from online advertising. To some, that makes Google a media company — if so, it’s the most valuable, worth more than News Corp. or Walt Disney Co.

Independent Sources uses Google for its ad serving. Try clicking on an ad to see how well they work! (Okay, maybe not). We also use its search engine and its maps are the best. We even started out on Blogspot. But Google is not perfect and its competitors are not morons—okay they can be a little slow. There was a time that Cisco seemed infallible and GM could do not wrong, but things change. While I’m not going to make predictions on Google’s stock, let’s just say that I’m not a buyer at current valuations.

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Related topic: Concerning stocks, I will certainly be buying as much Independent Sources stock as I can afford as I can figure out how to play Blogshares.

This entry was posted on Tuesday, June 28th, 2005 at 11:00 am by Insider and is filed under Big Thoughts. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.