Google's shares pass $700 mark

Google's shares kissed the $700 mark in early morning trading Wednesday, marking a new first for the Internet giant and its soaring stock price.

Google's stock rose to more than $701 a share, following reports that it is pitching its "Gphone" to Verizon Wireless. The stock was up $4.95, or less than 1 percent, in morning trading, from its close of $694.77 on Tuesday.

Just a little more than three weeks ago, Google shares passed the $600 mark and analysts were speculating its shares could climb as high as $700 within the next year. Apparently, it's been a quick year.

For Google, its ride on Wall Street has been a blast since it debuted in 2004 at $85 a share. The share price has risen alongside its market share in search, as it has leaped ahead of archrival Yahoo on a number of fronts.

With Google hitting the $700 mark within weeks of its previous milestone, Wall Street soothsayers may soon be setting the bar at $800 a share. And who knows--Google may have something extra to be thankful for by T-Day.

[tchmanz28]

Remember when it was $85....

Remember when it was $85, and the guy in the cube next to you had just lost his life savings to the internet bubble bust, and talked you out of purchasing any tech stocks.....man.....

[`WarpKat]

RedHat

I remember saying to a former supervisor and investor that RedHat was going to do well long-term and he should invest in it at the time of the IPO.

His response then?

"It's nothing but a hobby OS."

His response now?

"!%$#$@%^@#$%@#$^@#%"

[WJeansonne]

And to think, over vaporware!

As P.T. Barnum put it...well you know it. :-)

[Jesse Chan]

Google bigger than the rest of the Big Web

Google is on their way to reaching $1000 a share:
http://fishtrain.com/2007/10/08/google-at-1000share/

Not only that, but right now their marketshare is greater than all the rest of the Big Web combined:
http://fishtrain.com/2007/10/30/google-worth-more-than-rest-of-the-big-web/

[jogiba]

Microsoft = $344Billion Google $220B

Market cap
Microsoft = $344Billion Google $220B
msft P/E 24.15
goog P/E 55.31

Even at $1,000 a share Google's market cap would still be below Microsoft's current market cap.