How High Will Google Go?
Google, which trades on the Nasdaq as GOOG, is getting close to the $600 mark. The stock has been on an incredible ride since it started trading at $85 in 2004.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.The search engine has taken users from Yahoo! Inc. and Microsoft Corp., pushing sales growth to at least 70 percent in each of the past three years. Google plans to lure more Web surfers and advertisers through the YouTube video site, bought last year, and has introduced software to sell mobile ads.Google is still dominating, Piper Jaffray & Co. Web analysts including Gene Munster said in an Oct. 1 report.Munster, in Minneapolis, rates the stock outperform and estimates it will reach $660 within a year as Google parlays its lead in search into other areas of online advertising next year.Google may very well break the $600 mark and even $650 but how much upside can be left for this powerful technology firm? Henry Blodget has suggested GOOG could trade as high as $2,000Remember a couple years back when some analyst floated the idea that Google could eventually be worth $2,000 a share--and was ridiculed from coast to coast? Well, first its worth noting that Google is now almost a third of the way there. Second, its worth noting that $2,000 a share would mean a market cap of about $750 billion, which--given a reasonable time horizon--just isnt that far-fetched.Why? First, from a macro level, in every technology wave, the market leader usually ends up amassing more power, wealth, and market capitalization than the leaders in the prior wave, often by a startling magnitude. The leaders in the last technology wave included Microsoft and Cisco, both of which peaked around $500 billion in market capitalization...Blodgets remark has stirred up controversy among tech and financial bloggers - see here, here, here, here, here, here, here, here, here and here. You can check the latest GOOG quote here on Yahoo Finance.Permalink | Recent Headlines | WWFeeds.comAd: Singers Sing is a music news blog.Feed: Bloglines | Google | Netvibes | Other Readers
China Mobile Announces Commercial Deployment of TD-SCDMA Technology - FOXBusiness
Boston GlobeChina Mobile Announces Commercial Deployment of TD-SCDMA TechnologyFOXBusiness - 39 minutes agoSHANGHAI, China, March 28, 2008 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- Spreadtrum Communications, Inc. Nasdaq: SPRD, one of China's leading wireless baseband chipset providers, today reports that China Mobile CMCC has announced commercial ...China Mobile to start TD-SCDMA 3G commercial trials from April 1 ... ForbesChina to Launch Trial of 3G Phones FOXNewsAHN - International Herald Tribune - PhoneMag.comall 113 news articles
Stocks & Bonds A Middling Week, but a Good One for 2008 - New York Times
Nightly Business ReportStocks & Bonds A Middling Week, but a Good One for 2008New York Times - 19 hours agoBy JEFF SOMMER It was a so-so week for the stock market. The broad market declined modestly, but the Nasdaq composite index, which is heavily laden with technology stocks, managed a slight gain.Stocks end the week down Los Angeles TimesTHE WEEK IN STOCKS: Adding to a bad quarterly performance NewsdayInternational Herald Tribune - The Associated Press - Inside Futuresall 632 news articles
Holiday Sales Predicted to Increase 4%
DMNews reports that the National Retail Federation NRF is predicting holiday sales to increase by 4% this year to $447.5 billion. Technology will once again be a hot item. Even fashion is getting more high tech this year according to the NRF.In the fashion and apparel categories, expect to see evening wear and diamonds driving sales. In addition, tailored denim products - across mens, womens and childrens wear - will be a hot item. Womens boots also will help drive sales this holiday season, with a focus on three-quarter length boots rather than knee length.Interestingly, fashion will be getting more high tech this season.Technology is having an impact on fashion, said Dan Butler, VP of retail operations and merchandising at the National Retail Federation. Whether its sweaters or vests designed to hold handheld accessories and iPods, or handbags, which are designed for these devices, we are going to see a lot more of these kinds of products this season.IPod and cell phone accessories will be popular tickets this year, including a new breed of accessories designed to hold these items in the home. Expect to see more widescreen televisions under the tree this year, along with widescreen computer monitors, as the prices of these products have come down.Online sales - which have been rising year after year - will surely grow again this year.Permalink | Recent Headlines | WWFeeds.com
