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Google shares pass the $700 mark

Discussion in 'General Marketing' started by gkd_uk, Nov 3, 2007.

  1. gkd_uk

    gkd_uk Moderator Moderator Webmaster

    Google's shares have passed $700 for the first time, lifted by reports it plans to enter the mobile phone market.
    Its stock rose 1.7% to $707 on Wednesday on rumours it is working with US networks Verizon and Sprint Nextel.

    While none of the firms have commented, Google is said to be looking at mobile phones that run on its software.

    The value of Google's shares have now risen eightfold since they were first floated in August 2004, as its profit growth continues to dazzle.

    It is now the fifth largest US company by market capitalisation, worth a total $219bn (£105bn), surpassed by only Exxon Mobile, General Electric, Microsoft and AT&T.

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