Just went thru the roof!
Re: Google
Trading at $215. Earlier it touched $222.
Re: Google
Googles earnings yesterday increased six fold from the same period last year, from 24 cents to $1.29 cents. If it was not for the charge for stock options that Google awarded its workers before going public last August, the company’s earnings would have ranged
between $1.39 to $1.46 per share.
Brokers have upgraded the share to buy with a price target of $330. 
Re: Google
Funny thing is that Google, unlike many other companies, does not issue quarterly "guidance" (another of Warren Buffet's pet advice taken religiously by Mssrs Page and Brin). So the fact that Google beat the "estimates" is more of an indictment of analysts's guesstimates than anything else. Yahoo had shown 50% increase in search-based ads only a few days ago. Anyone could have guessed Google will trump that easily.
Anyway, the Company is doing fairly well, and the best thing is that they keep on coming up with more good stuff. Not sitting pretty on their search engine laurels.
Re: Google
google browser? more like Google OS homie :>
Re: Google
Google has declared a Ghad on everything.
Re: Google
Google sadha aaway hi aaway!
Re: Google
don't like it.... controls content and occasionally nukes anti-Government websites from search.. no wonder it's doing good.
Re: Google
Google now trading at $285. During the last 30 days it has gone from $184 to its current price and various brokers have upped their target price to $350. One heck of a share. Overbought? Over valued? Time will tell.
Re: Google
CSFB raises their price target on Google (Nasdaq: GOOG) from $275 to $350, citing strong growth and said the valuation is far from stretched.
Re: Google
Hard to believe.
Re: Google
To all who are raving about Google's share value, lest you forget the technology bubble which BLEW UP? It is likely that Google will reach the unprecedented $300 mark but it's only a matter of time before the Google fad fades away...
Re: Google
Google’s shares climbed $36.68, or 12.1 percent, to $339.88 in morning trading
on the New York Stock Exchange.
Google, which reported its results after financial markets closed on Thursday,
said it earned $381.2 million, or $1.32 per share, a more than sevenfold
increase from net income of $52 million, or 19 cents per share, a year ago. Last
year’s results included a $201 million charge to account for a legal settlement
with rival Yahoo Inc.
If not for charges related to a recent acquisition and employee stock options
issued before the company went public 14 months ago, Google said it would have
earned $1.51 per share.
That figure easily exceeded the consensus estimate of $1.36 per share among 31
analysts surveyed by Thomson Financial. The highest analyst estimate had been
$1.46 per share.
Google’s revenue for the quarter totaled $1.58 billion, nearly doubling from
$805.9 million last year. After subtracting the commissions that Google paid to
other Web sites in its advertising network, the revenue stood at $1.05 billion,
exceeding the Wall Street estimate of $944 million.
Only one word… WOW.
Re: Google
What are the odds for splits in the near future?
Re: Google
split what? NYSE? or somebody's chaddi :D
Re: Google
Piper jaffray upped the 2006 EPS estimate from 5.71 to $7. WTF?
The stoclk wont split, mark my words. The mgt doesnt like it, even though they are aware that it has already priced the retail investors out.
One caveat though, GOOG derives 30% of its business from AOL, and now if AOL were to move to MSN, GOOG would be almost completely fked.
I did a quick forward '06 PE on google, it is 47. This is a ridiculous number based on its comparables. I think it is highly over valued.
here is a hint, Hewlett packard's 06 PE is 15, and its 5-year growth is 1.69, where as GOOG's is 1.85
Short this baby.
Re: Google
No one in a right frame of mind, will short this bugger. Not right now. The Company has consistently beaten estimates. It will be too risky to go against the tide.
Google's business model is incredibly straightforward. They use credit cards to automatically deduct payments, even from their larger customers. No receivables, no bad debts. Simple as an arrow.
Their search engine is proven. Unless there is a huge disaster with their technology (spyware rumors or whatever) that will make people jump the ship in large numbers, the stock will just keep steady. Next quarter may be even better for Google, with a large number of people doing holiday shopping online and Google placed Ads minting the green.