Faith in Google Unabated; Stock Tops $700
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The sky's the limit for the most powerful online company, apparently, as investors help boost its overall market value by 30 percent in just two months.
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Shares of Google, the most-used Internet search engine, which went public this summer, surged 17 percent Friday after quarterly profit more than doubled and the company said the market for Internet advertising was showing no signs of slowing.
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With its profits and stock surging, the search giant is winning over skeptics. Still, long-term growth challenges remain. With Google&#39;s shares climbing 75%, to $150 since its August initial public offering, a
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Internet search leader Google Inc.  GOOG.O is worth $200, Prudential Equity Group told investors  on Friday, the day after the company published quarterly  results that the broker labeled a "blowout."
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Internet search giant Google has priced its long-awaited initial public offering (IPO) at just under $120 a share, far below initial expectations.
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U.S. stocks to watch: GOOGLE INC. (GOOG.O) Google shares jumped 18 percent in their long-awaited stock market debut on Thursday after a scaled-down &#36;1.67 billion IPO marked by missteps and lackluster market conditions. The stock closed at &#36;100.34.
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If only the rest of my investments worked out this way. One week ago, I submitted a bid for Google Inc. stock that overestimated the eventual auction price of the computer search company's initial public offering by nearly 30 percent. But I sold my shares shortly after Google stock began trading yesterday and still walked away with a nice profit, ...
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Since its IPO back in August, the search engine Google has seen its shares rise over 70% in a little over two months. Google shares closed Tuesday at $147.
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Google Inc.  stock jumped more than 12 percent on Wednesday to new highs, pushing the Web search leader past eBay Inc.  as the biggest Internet company in terms of stock market value, after trouncing quarterly earnings forecasts.
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After a series of missteps, Google finally pulled off its much-hyped initial public offering last week. The good news about this unusual IPO, which sought to deprive Wall Street banks of full control over
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Google Inc.  shares, which  topped a milestone price of $500 a share last week, are  overvalued and poised to fall, just like peers Amazon.com Inc.   and eBay Inc.  did, the weekly financial  newspaper Barron's reported on Sunday.
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Earnings season is in full swing, and results this week from bellwethers like Google, Intel, and Nokia are fueling hopes for a strong fourth quarter while confirming the investor confidence that has led to a rebound in share prices of technology vendors.All eyes were on&#160;Google, which Thursday reported another stellar quarter. For the third quarter, net income was $1.07 billion compared with $733.4 million a year ago. Revenue leaped 57 percent to $4.23 billion. The company has made some investors nervous by expanding rapidly and spending a lot of money on acquisitions to fuel growth in new areas. However, its core search business manages to ward off the competition. Google shares jumped $6.14 to $639.62 right after its announcement.Google archrival&#160;Yahoo reported a 4.6 percent decline in third-quarter profit&#160;compared to a year ago Tuesday, but revenue climbed 12 percent to $1.76 billion. Company executives said they were weeding out poorly performing services and enhancing efforts in promising areas&#160;like ad-supported music services and e-mail offerings to small businesses. The company is also expanding efforts to support third-party developers with open APIs.Even though Yahoo has been blasted for its failure to steal search ad revenue from Google, investors and analysts appear to like its strategy. Citigroup maintained a &quot;buy&quot; rating on the company while RBC maintained an &quot;outperform&quot; rating. Yahoo shares jumped $2.13 to close at $28.82 the day after the report.The market might be tougher on Internet retailers. eBay reported Wednesday that revenue climbed 30 percent but that it suffered a loss because of a $1.39 billion charge for&#160;its acquisition of Internet phone pioneer Skype. Although the company raised its 2007 revenue target, investors apparently did not like the charge for Skype, which failed to make revenue goals. Shares of eBay lost $2.50 to close at $38.10 Thursday.In one of the most-anticipated results of the week,&#160;Intel got the earnings season off to a good start Tuesday, reporting revenue of $10.1 billion, a 15 percent increase year-over-year, while achieving net income of $1.9 billion, a whopping 43 percent increase. The price competition in the market is tough, but a jump in sales and a restructuring effort appears to be paying off. Intel jumped $1.24 to close at $26.72 the day after the report.AMD did not handle the price competition so well, however. Though it registered a 23 percent rise in sales, it posted another loss. Thursday,&#160;AMD reported that its net loss was $396 million, compared with a profit of $136 million in 2006.Reaction to IBM results were mixed Tuesday, when&#160;it reported profit of $2.36 billion, compared to $2.22 billion a year ago. Revenue was $24.1 billion, a 7 percent increase from last year. Though the numbers were better than expected, a disappointing 10 percent slip in hardware sales worried investors, who pushed down IBM shares Tuesday by $3.82 to close at $115.78.Nokia managed to offset declining prices of handsets with a jump in sales. Thursday it said that for the three months ending Sept. 30, net profit increased 85 percent over the third quarter of 2006, while sales rose 28 percent. Nokia shares closed Thursday at $37.64, up by $1.11.Concerns about the U.S. economy -- because of a declining housing market and an increase in mortgage defaults -- caused shares to tumble in July and August. But judging from results this week, IT vendors were not hard hit during the quarter and investors are likely to have high expectations for the rest of the year.
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Google'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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For anyone who misses the late '90s, there's an easy way to get a flashback fix. Check out Google's stock. Shares of the Internet search engine Monday soared another &#36;14.97 to &#36;187.40, capping a 120% surge from its initial public offering price in August.
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The initial public offering of  Internet search engine Google Inc. was billed as a bonanza for  millions of U.S. investors -- but the little guy, with check in  hand, was left out of the party.
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When Internet search engine company Google, Inc., of Mountain View, begins to sell shares to the general public -- something expected to happen later this week -- the initial price is expected to be between $85 and $95 per share. The company had earlier ...
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Stock of Google Inc.  powered to new highs on Friday, buoyed by the web search leader's new products and growth prospects, which complement its recent strong financial results, analysts said.