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Google Stock Under Larry Page Tops $800

Discussion in 'Off-Topic Discussion' started by CatfishRivers, Feb 19, 2013.

  1. CatfishRivers

    CatfishRivers Well-Known Member

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    Google stock under Larry Page tops $800 - latimes.com (click for full article)

    By Jessica Guynn
    February 19, 2013, 11:53 a.m.

    SAN FRANCISCO -- "Google's stock crossed $800 for the first time Monday -- a feat never before achieved by a technology company.
    The $800 club that Google just joined is a pretty exclusive one. And though the all-time high for Google is largely symbolic, analysts are crediting Larry Page, its co-founder and chief executive, for the search giant's dramatic resurgence since he took back the helm nearly two years ago."
     
    Last edited: Feb 19, 2013
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  2. CatfishRivers

    CatfishRivers Well-Known Member

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    Renewed fervor for Google lifts stock above $800 - KHGI-TV/KWNB-TV/KHGI-CD-Grand Island, Kearney, Hastings (click for full article)

    By MICHAEL LIEDTKE
    AP Technology Writer

    SAN FRANCISCO (AP) - "Google's stock price topped $800 for the first time Tuesday amid renewed confidence in the company's ability to reap higher profits from its dominance of Internet search and prominence in the growing mobile market.


    The milestone comes more than five years after Google's shares initially hit $700. Not long after breaking that barrier in October 2007, the economy collapsed into the worst recession since World War II and Google's stock tumbled into a prolonged malaise that eventually led to a change in leadership.


    Besides enriching Google's employees and other shareholders, the company's resurgent stock is an implicit endorsement of co-founder Larry Page. He replaced his managerial mentor, Eric Schmidt, as CEO in April 2011. Google's stock has risen by 36 percent since Page took over. By contrast, the benchmark Standard & Poor's 500 index has climbed by 15 percent over the same stretch.


    Most of Google's gains have occurred in the past seven months - a period that has overlapped with a sharp downturn in the stock price of rival Apple Inc. The iPhone maker's market value has plunged by about $230 billion, or 35 percent, since late September.


    "All that Apple money had to go somewhere," said BGC Financial analyst Colin Gillis.


    Standard & Poor's Capital IQ analyst Scott Kessler concurred, reasoning that many investors who have abandoned Apple are gravitating to one of its biggest rivals."
     
    Last edited: Feb 19, 2013
  3. Carlszone

    Carlszone Well-Known Member

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    Hi Catfish Rivers

    Just so ya know. I always thank any news article I find here and post on my GtV News thread. And I give credit to anyone that finds an article that I missed. Dude, this isn't an easy feat as I'm always searching for GTV news everywhere.

    While I know the articles are not yours, I still can't feel comfortable not doing the footwork myself. Folks simply don't post to my news thread. This is unfortunate, but they do view it consistently.

    So, to ya, credit is due...

    Thanks

    Carl
     
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  4. CatfishRivers

    CatfishRivers Well-Known Member

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    Why Google stock's going great and Apple ain't - CBS News (click for full article)

    By ERIK SHERMAN / MONEYWATCH/ March 7, 2013, 10:38 AM

    "(MoneyWatch) The Dow hit a new high almost four years to the day that it hit a major low. But the recovery is a picture of peaks and valleys, as some sectors did better than others.

    Similarly, the Wall Street heat has hit the tech industry, but unevenly. Google (GOOG) shares are on a tear at more than $838. Apple (AAPL), on the other hand, was supposed to be the golden child -- the first trillion dollar company -- until Wall Street perceived problems and investors cut the stock price down to size. So what is it that Google is doing right and Apple wrong?"
     
    Last edited: Mar 8, 2013
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