Google blasts through $500

Google Inc. shares rose above the $500 mark for the first time early Tuesday, just 27 months after the top provider of Internet searches first sold shares to the public.

By JOHN SHINAL, MARKETWATCH
November 22, 2006 07:22

 
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MarketWatch: In-depth global business coverage Google Inc. shares rose above the $500 mark for the first time early Tuesday, just 27 months after the top provider of Internet searches first sold shares to the public. Google rose as high as $505 after the search leader unveiled discounts for online shoppers who use its payment service during the holiday season. The surge gave Google, which conducted its groundbreaking initial stock offering in August, 2004, a market capitalization of more than $155 billion, more than that of older technology firms including Apple Computer Inc., Intel Corp., Hewlett-Packard Co. and International Business Machines Corp. MarketWatch: In-depth global business coverage

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