Tuesday, November 21, 2006

Tech Trader Daily » Google Tops $500; Maybe It’s Time For A Stock Split

"A few quick observations spring to mind from seeing that list:
Google ranks 22nd in total market cap of 4,381 stocks tracked, with a stock market value of about $156 billion.
It ranks 15th in market cap among U.S. companies.
Google has topped both Intel (INTC) and IBM (IBM) in market cap, and now is the third-largest tech stock, trailing only Cisco (CSCO) and Microsoft (MSFT).
No U.S. telecom stock has a bigger market cap than Google. (Vodafone and China Mobile are bigger.)
No airline has a bigger market cap than Google.
Just one retailer - Wal-Mart - has a bigger market cap than Google.
Just one U.S. oil stock - Exxon - has a bigger market cap than Google.
At $534, Google would pass Cisco and trail only Microsoft among tech stocks.
At $658 and change, assuming current stock prices, Google would pass Procter & Gamble (PG) and enter the market cap top 10.
At $962, it would pass Microsoft.
At $1,209, it would pass General Electric.
At $1,392, Google would pass Exxon and have the largest market cap of any U.S. stock.
Isn’t it time for a stock split? There are only a half-dozen stocks with higher stock prices: "

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