Google now fifth biggest US Company.

[imgv94]

Google Cracks $700; Now Fifth Biggest US Company
By Joseph Weisenthal - Wed 31 Oct 2007 07:08 AM PST

Fueled by a lights-out Q3 earnings report, a mysterious, but much-hyped mobile plan and an imminent social networking announcement, shares of Google (NSDQ: GOOG) have cracked $700 today, just three weeks after breaking $600. The company’s stock is now up 48 percent over the last 12 months, much of that due to a 187-point move since August 31st. It’s not unusual to see such wild swings among mid or small-cap upstarts, but Google now sports a market cap of $222.5 billion, making it the fifth largest company in the country, as pointed out by USA Today. Companies recently surpassed include Procter & Gamble and Bank of America. Now only Exxon, GE, Microsoft (NSDQ: MSFT) and AT&T (NYSE: T) are bigger. The stock would need to rise another 50 percent to match Microsoft’s $333 billion, although Microsoft has been on run of its own, climbing 19 percent, just since October 19th.

[cloudagh]

Amazing that so many people bash Microsoft, but I think Google is much worse a threat to people's privacy. And at least Microsoft does not hide the fact they like money, whereas as Google claim to "make the world a better place".

We need someone to make the world a "bettor" place!

[jjgold]

Google is a terrorists best friend

[Tchocky]

I got worried when the stock hit $666. This company has way too much intel on everyone. I hope they do continue to live up to their motto "Do no evil". Looking forward to their new phone. Hope it is less than $300 and is unlocked.

[Dark Horse]

Nice stock for buy and holders. I would like to see them as a Dow component.

I prefer stocks like Under Armour with fluctuations that exaggerate the ups and downs of the Dow.

Super hot stock of late: Chipotle.
Great ETF: INP (India)

[cloudagh]

Looking forward to their new phone. Hope it is less than $300 and is unlocked.

Their plan is to track your movements via the phone, compile a marketing profile based on that, and send you targeted advertising. Waaaay too much information mining for my taste. Ditto for the Google Maps street cam views that have the faces of the degenerates going into the strip club (not that a gambler should call anyone a degenerate).

"Do no evil" and "pimp my 767 private jet" just do not seem to go together. Nothing against capitalism here, just don't be a hypocrite while you are stashing your billions.

[BrentCrude]

Ever listen to these northeastern trust fund people on t.v.and radio telling people to buy Google?I listen to this Doug Stephan syndicated morning radio show and his audience comprises mostly of your Jerry Springer people.He's telling his audience to buy Google by the 100's or 1000's and these people have outhouses and not a pot to piss in.Man there is such a huge divide in this country where the super well off people just assume that everyone can buy 1000 shares of Google and they would be fools not to.I think if you can afford to buy 1000 shares of Google it's best just to sit on your money.What if another 9-11 took place and the stock markets shut down for a week.You would lose a ton of money on the opening bell of the day they opened back up.

[Cyclone]

I remember when Cisco was the largest US company for awhile. The stock has never been anywhere near that high ever since.

[BigBollocks]

Would have loved to have bought a piece of this during the initial IPO. The funny thing is that I actually thought it was overvalued when it was bought up to $150 right at the onset. That's about as wrong as playing the Redskins last weekend. Good thing I didn't short it LOL...

[louisvillekid]

i agree with you Bollocks, i never thought they would hit $200. it's amazing the disparity between them and most other companies, theres not many companies above the $100 mark. i know Google has grown over the years, which is amazing to me for a company that was basically based on selling ads and stuff on a search engine.