Google seems to have won over fund managers. They have piled into the stock, but to at least one pundit, all this recalls the bubble days. The big question for fund managers and investors is whether there is any upside left. Meanwhile, bankers are keenly aware that Google has built a $7 billion cash war chest. While still way out of Microsoft's league, the word seems to be out that the company is entertaining more acquisition ideas. There's something of a frenzy as bankers line up with their pitches.
[Fierce Finance/Nypost]
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