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Google Revenue To Hit $100 Billion - Business - Nairaland

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Google Revenue To Hit $100 Billion by Orikinla(m): 2:34pm On Sep 23, 2007
Shares of Google jumped to a record high today, giving the company a new market capitalization of $175 billion and making the Internet search engine and advertising company worth more than Silicon Valley stalwart Hewlett-Packard.

Google rose $7.27, or 1.3 percent, to a high of $560.10. In July, its shares hit a previous high for the year of $555. The share surge also made Google co-founders, Sergey Brin and Larry Page, even richer, a day after they made the Top 10 on Forbes' list of richest Americans. The net worth of other Google employees with stock and options also climbed.
On Thursday, Bear Stearns analyst wrote a report on how Google plans to reach $100 billion in revenue, a goal that Hewlett-Packard expects to achieve this fiscal year. HP hopes to be the first technology company to hit $100 billion in sales, after realizing some benefits from its hard-fought merger in 2003 with rival Compaq, and improvements and efficiencies in its various businesses under Chief Executive Mark Hurd.

Robert Peck, the Bear Stearns analyst, did not give a time frame for Google to reach the $100 billion goal, but he hosted a conference call


with another consultant on Thursday and they outlined six important focus areas for Google: searches on mobile devices, online video, publishing, business software applications, its e-payment system that rivals PayPal, and multimedia advertising.

Re: Google Revenue To Hit $100 Billion by wosiljoyyahoocom(f): 3:05pm On Sep 23, 2007
so?
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