February 5, 2005

Who's hot, who's not in this week's business reports

Highlights of IT business reports during the week of Jan. 31 through Feb. 4, as reported by Marketwatch.

Hot: Google
If there were any doubts left that Googlemania has spread from Main Street to Wall Street, the reaction of analysts and investors to the search icon's fourth-quarter earnings should erase them. Google shares surged more than 7 percent to $205.90 Wednesday. Earlier, they touched a new high of $216.80 after the company reported quarterly net income grew sevenfold and revenue doubled from a year earlier, as more businesses paid to have their online ads included in Google's search results.

Just five months after going public, Google's market capitalization -- its stock price multiplied by the number of shares outstanding -- stands at $58 billion. At that level, the company is worth more than Ebay and Yahoo and is valued about the same as hardware maker Hewlett-Packard.

Link: IT Manager's Journal

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