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Google`s Stock Exceeds $500 a Share

Google seems to be growing indefinitely with its unparalleled ability to generate revenue from internet traffic using "smart" personalized advertising. And its importance in the internet landscape is irreplaceable so that investors know Google is here to stay. Google isn`t wasting time, knowing its competition is at its heels. This year, it purchased YouTube for $1.65 billion. Time Magazine in a recent issue dubbed YouTube as the "Invention of the Year 2006".

Since the company was founded by two Stanford University graduate students Larry Page and Sergey Brin in a garage in Silicon Valley back in 1998, the company has been growing. Today, it is the most valuable business in Silicon Valley after Cisco, with a market value of $155 billion. Google is worth more than the chip manufacturing giant, Intel, as well as, computer manufacture, Hewlett-Packard.

Google made its initial public offering (IPO) in August 2004, pricing Google at $85 a share. The price reached $100 on its first day of trading. It took Google less than 3 months to top the $200 line and another 7 to reach $300, in June 2005. Come November, the stock climbed to $400. The $500 mark took Google above a year. With 2006 coming to an end, Google is working on developing new technologies, as well as, improving old ones to insure that it leads the internet industry for many years to come setting its sights at the $600 mark.