June 08, 2005
Market value makes Google largest media company
Google, the Internet search company, has become the world's largest media company based on stock market value, after only 10 months of trading as a public company.
The company’s shares achieved record levels on the New York markets on Tuesday, valuing it at $80bn (£44bn) and placing it ahead of rival Time Warner, which is valued at $78bn.
The valuation was achieved even though Google’s annual sales total only $3.2bn, compared to Time Warner's $42bn sales figure.
While some analysts believe that Google's shares are now overpriced, echoing the high valuations seen during the internet boom of the late 1990s, others maintain that the high stock value reflects the company's future earning potential and think that shares could increase even further.
Google gains most of its revenues from the sale of advertising on its main search engine page.
Posted at 06:17 PM
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May 24, 2005
Google to join S&P 500?
Speculation that Google will be added to the Standard & Poor's 500 index, caused the company’s shares to jump to $255.45 - the shares have gained a total of 11% over the past week.
Inclusion in the S&P 500 increases the value of stocks because many investors are only allowed to put money into companies that are listed in the larger indexes.
To be included in the S&P 500 a company must have a market capitalisation of over $4bn, with at least 50% of its shares available to be traded. Share trading must also be liquid - easy for investors to buy and sell.
Google has a market value of approximately $71bn and 64% of shares in the market.
Apple shares also increased, by 5.9%, following a Wall Street Journal report that the company is involved in negotiations to use Intel chips in its computers, instead of IBM chips. This would allow Apple to produce cheaper, more competitive products.
Some analysts have expressed scepticism about the report, due to the difficulties involved in changing chip suppliers.
Posted at 11:42 PM
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December 15, 2004
Judge rules for Google, against Geico
GEICO's main legal challenge against Google's allowance of AdWords terms being triggered by trademark names, has been initially dismissed by U.S. District Judge Leonie Brinkema.
According to US Rejects Key Part of GEICO Case Against Google:
Brinkema said the case would proceed, but on the narrower question of whether Google should be barred from displaying advertisements for other insurers that contain the word "GEICO."
Google says it already has a policy to exclude such ads. An attorney for Google told Brinkema the policy was "not perfect" but that was insufficient ground for finding against Google.
An attorney for GEICO told reporters outside court that Brinkema had given both sides part of what they wanted.
Brinkema adjourned the case for several weeks while she writes an opinion and encouraged both sides to continue settlement talks.
Posted at 07:17 PM
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November 21, 2004
Sergey and Brin to sell Google stock
According to the SiliconValley.com, Google founders and CEO's, Larry Page and Sergey Brin, have stated their intention to sell up to 7.2 million of their own shares on the stock exchange, over the next 18 months.
Although this would open them up to an instant $1 billion fortune on current stock prices, both men would still hold over 30 billion shares each, despite the sale.
More no that story here: Google co-founders, CEO to sell up to 16.6 million shares
Posted at 03:23 PM
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September 29, 2004
Google shares top trading
Well, if you risked buying stock in the Google IPO, you'd be laughing if you sold today:
According to Reuters, reported here:
http://biz.yahoo.com/rb/040928/tech_google_stocks_2.html
Google's stock touched $127.40 before finishing the Nasdaq session up $8.60, or almost 7.3 percent, to $126.86 -- a gain of almost 50 percent from the company's mid-August initial public offering price of $85.
Posted at 10:01 PM
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