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Google Stock Approaches $600 as Web Ad Spending Soars


Oct. 2 (Bloomberg) -- Google Inc. shares may surpass $600 for the first time as investors bet the world's most popular Internet search engine will capture more sales from companies shifting advertising spending to the Web.

Google, which began trading at $85 in 2004, has the sixth- highest stock price in the U.S. and has surged 27 percent this year. The shares rose $1.84 to $584.39 at 4 p.m. New York time on the Nasdaq Stock Market and earlier reached $596.81.

Full article: bloomberg.com Posted by Picasa

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Google Stock Approaches $600 as Web Ad Spending Soars - Tuesday, October 02, 2007 -

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