[Infowarrior] - Google's shares pass $700 mark

[Richard Forno]

(Disclosure: I own GOOG shares....---rf)

Google's shares pass $700 mark
Posted by Dawn Kawamoto

http://www.news.com/8301-10784_3-9808284-7.html?part=rss&subj=news&t
ag=2547-1_3-0-20

Google's shares kissed the $700 mark in early morning trading Wednesday,
marking a new first for the Internet giant and its soaring stock price.

Google's stock rose to more than $701 a share, following reports that it is
pitching its "Gphone" to Verizon Wireless. The stock was up $4.95, or less
than 1 percent, in morning trading, from its close of $694.77 on Tuesday.

Just a little more than three weeks ago, Google shares passed the $600 mark
and analysts were speculating its shares could climb as high as $700 within
the next year. Apparently, it's been a quick year.

For Google, its ride on Wall Street has been a blast since it debuted in
2004 at $85 a share. The share price has risen alongside its market share in
search, as it has leaped ahead of archrival Yahoo on a number of fronts.

With Google hitting the $700 mark within weeks of its previous milestone,
Wall Street soothsayers may soon be setting the bar at $800 a share. And who
knows--Google may have something extra to be thankful for by T-Day.