- November 21, 2006
- 4 Comments
Search leader, and start-up gobbler, Google (NASDAQ: GOOG) surpassed the $500 mark for the first time today.
This is a significant milestone which only took a little over two years to achieve – making its initial public offering of $85 per share seem like a bargain today. And, if you think about it, it really has been a meteoric rise for the pair of Stanford University graduate students, Larry Page and Sergey Brin, to go from a garage to a market value of about $154 billion.
Wall Street has huge expectations for the company and analysts predict that Google will earn $13.70 per share and hit $600 per share in 2007.
Sounds like Thanksgiving will be year-round for this company. More importantly, this is an undeniable sign that the Internet/tech economy is on the rise, making the tech market very bub.blicio.us once again – not to mention the invigoration that this spurs among all entrepreneurs to innovate and succeed.