Friday, October 21, 2005

Google Shares Soar in Pre-Market Trading

When Google Inc. commanded $85 per share in its August 2004 initial public offering, the prospect of the stock quadrupling in less than 15 months ago seemed inconceivable. It doesn't appear far-fetched now.

Google's shares soared $45.74, or 15 percent, to $348.20 in pre-market trading Friday after the Internet search juggernaut announced third-quarter financial figures that astounded even the most bullish analysts, as well as it own management team. Based on the after-hours and pre-market reaction, Google's shares could easily eclipse their all-time high of $321.28 on Friday.

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