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Google Crosses $500 per Share Mark

Search engine company Google became the first internet stock ever to cross the $500 a share point last week and continued its unstoppable growth. The company, founded back in 1998 went public on August 2004 with a share value of $14.60 and rose to its current value of $509.65. Google achieved a more than 400 percent rise in its share value and currently ranks higher than IBM or Intel in the most-valuable U.S. companies list.

The dot-com era is over, but Google marks, for many, the dawn of the new internet and the fact that the internet is once again a dominant force in all of our lives. After many start-up companies had to close down, and investors looked for different fields to invest in, the business world is again looking at the web as a promising platform for investments. The approach has changed somewhat. Instead of looking at the internet market as one group investment-wise, investors are looking at each of the companies separately, and there are many bright stars in the web`s sky.

A negative side of Google`s position is that with such a high value, many believe that the company can only go down from here. With Microsoft`s new search engine gaining power, and the new version of Windows is rounding the corner, it is hard to say if Google`s near future will be trouble-free. However, Google showed incredible durability and it might keep surprising us in the future as well.