Loving the San Francisco Bay Area... Community development, urban ministry, trying to defeat poverty, faith, religion, politics, good music, the quest for the perfect pizza, the Yankees, motorcycles... All in a 'day's life'

Tuesday, November 21, 2006

Google Stock Hits Record

I had to 'google' google to find this article... No wonder they have made so much money!

"Buy Google" became the cry of investors Tuesday as its shares surpassed $500 for the first time and kept climbing.

Mountain View-based Google closed Tuesday at $509.65, giving the search engine-turned-media heavyweight a market capitalization of $156 billion and making the eight-year-old firm more valuable than Intel, Hewlett-Packard, Coca-Cola, Mitsubishi, Chevron and AT&T.

An investor who bought 10 shares of stock in the company's August 2004 Dutch auction-style initial public offering would have turned his $850 into $5,040.80, a return of 493 percent on paper in little more than two years.

Read the entire article here.

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