TITLE

On Google, bubbles, and market madness

AUTHOR(S)
Blodget, Henry
PUB. DATE
June 2005
SOURCE
Fortune International (Europe);6/27/2005, Vol. 151 Issue 11, p67
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on the performance of Google. Consider the Google phenomenon. The Internet search giant went public in August 2004 at $85 a share, a level many thought ridiculous. Two months later, with investors having drastically underestimated the company's earning power, the stock had doubled from the offering price. By May of this year it had tripled. Now some analysts expect it to hit $350 or more. In Google-land it feels like the late '90s again. So even if you're not wrestling with the to-buy-or-not-to-buy-Google question, you can bet your growth fund manager is.
ACCESSION #
17545957

 

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