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Update : Google shares surge

Mr magoo   on 19 August 2004 - 19:51 · 35 comments & 1843 views

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Live Yahoo Google Stock FeedGoogle shares are currently up ~$16 per share to $100, an increase on the revised opening price ($85) of ~20%.

Forbes talked to Barry Randall, portfolio manager for the First American Technology Fund, who remarked "The surge may indicate many institutional investors sat on the sidelines for the initial offering."There were a lot of institutional investors who were spooked by not only the initial auction scenario but also the missteps along the way. I suspect many of them did regard it as a healthy business model, and now they have the ability to purchase the stock from the open market instead of the managers. I think they feel more comfortable."

Google will undoubtedly be happy with the days trading; they haven't had any disaster that some analysts had predicted. Equally, the share price seems to have settled at what for them can only be viewed as a very reasonable figure.

For more information, see our previous story here.

View: More information from Forbes
View: Yahoo Finance listing


This leaves Nintendo, once again, with a lot of titles that are bound to gather critical acclaim - and almost certainly deservedly so - but with the exception of Metroid Prime 2 not that many that are likely to scythe through the competition during a hectic Christmas rush.

Any GBA owners bound to an elderly relative's couch this Christmas won't have too much to worry about, however, with a number of exciting titles due on the handheld - despite the impending launch of the Nintendo DS, which is due out in Europe in early 2005. In fact, it'll be interesting to see how GBA sales fare in the run-up to Christmas purely on that basis.

We'll be in the queue though, busily scrabbling to get hold of Mario Golf Advance Tour (Sept 17th), the eagerly awaited The Legend of Zelda: The Minish Cap (Nov 12th), Mario vs. Donkey Kong (Nov 19th), and - for the sake of working out what it is more than anything - "Super Mario Ball" (Nov 26th). Square die-hards will be pleased to see Final Fantasy I & II: Dawn of Souls down for early December, too.

Key exclusives due out on Nintendo platforms in the run up to Christmas:


GameCube

Wario Ware, Inc.: Mega Party Game$ - September 3rd

Animal Crossing - September 3rd

Pikmin 2 - October 8th

Donkey Konga - October 15th

Paper Mario 2: The Thousand Year Door - November 12th

Tales of Symphonia - November 19th

Metroid Prime 2: Echoes - November 26th


Game Boy Advance

Mario Golf Advance Tour - September 17th

Pokemon Leaf Green/Fire Red - October 1st

The Legend of Zelda: The Minish Cap - November 12th

Mario vs. Donkey Kong - November 19th

Super Mario Ball - November 26th

Mario Party Advance - December 3rd

Final Fantasy I & II: Dawn of Souls - December 10th


Post a comment · Send to friend Comments · There are 35 additional comments
(1 reply) #1 elliot on 19 Aug 2004 - 20:07
What does the Y-axis and the blue and red lines represent?
#1.1 LyKwId on 19 Aug 2004 - 20:23
red line is opening price for that day
blue line is the price at that specific time
(8 replies) #2 jerry on 19 Aug 2004 - 20:11
Btw, if Neowin would have asked any of us, we could've whipped a graphic 100 times better than that. That graphic is simply not front page material.

Last edited by 32225 on 19 Aug 2004 - 20:28
#2.1 vetMr magoo on 19 Aug 2004 - 20:14
its a constantly updating, 15 minutes delayed graphic from yahoo. If you can do that, taking information on Googles share price real time, then give us a bell
#2.2 jerry on 19 Aug 2004 - 20:22
eek, didnt think it was from Yahoo and the graphic is self updating.
#2.3 Jaxkesa on 19 Aug 2004 - 20:25
um...isn't the x-axis time?...
#2.4 jerry on 19 Aug 2004 - 20:28
yeah, my mistake there.
#2.5 chacho on 19 Aug 2004 - 22:06
QUOTE
its a constantly updating, 15 minutes delayed graphic from yahoo. If you can do that, taking information on Googles share price real time, then give us a bell


nice idea there
#2.6 jerry on 20 Aug 2004 - 00:47
the graphic is not self updating.
#2.7 Octol on 20 Aug 2004 - 02:56
#2.8 2xSilverKnight on 20 Aug 2004 - 15:02
jerry it wasnt self updating during the night ... its closed damn it !
see this morning the new graphics for today ...
(2 replies) #3 imtoomuch on 19 Aug 2004 - 20:45
The buzz has the stocks shooting up, but I think Google investors will be in for a big surprise. Google owns a search engine, but they seem to be trying to take over the world.
#3.1 ev0| on 19 Aug 2004 - 20:50
^ agreed
#3.2 Jugalator on 19 Aug 2004 - 22:35
lol, maybe a slight exaggeration...

They're mostly in the information retrieval business with different variations on the theme -- web searches, automated news searches, newsgroup searches, image searches, store searches, geographical searches, etc.

Exceptions being mostly just a web mail (common stuff today) and their blog service (common stuff today).

Hardly "taking over the world".
(2 replies) #4 Varsity on 19 Aug 2004 - 21:01
Lol, that's quite a 'surge'. From ~$135 to ~$100.
#4.1 cybershark on 19 Aug 2004 - 23:35
Price was lowered to $85

Last edited by 40132 on 19 Aug 2004 - 23:46
#4.2 Post-It Note on 20 Aug 2004 - 00:22
There was a glitch that caused it to be at 135.
#5 Kevine on 19 Aug 2004 - 21:12
How does an advanced joe buy GOOG stock?

Note: Not the average joe
(1 reply) #6 ThunderRiver on 19 Aug 2004 - 21:57
lol that chart looks like Euro converted to US dollars haha
#6.1 neel2k on 19 Aug 2004 - 22:59
or the Dollar converted to Pounds
(1 reply) #7 Jason on 19 Aug 2004 - 21:57
The share price will drop quicker than a prostitute's knickers.
#7.1 chacho on 19 Aug 2004 - 22:05
Hmm...never seen a prostitute wearing knickers, so i guess i wouldn't know
(3 replies) #8 naap51stang on 19 Aug 2004 - 23:34
Could someone explain to me, WHAT a person is "buying" when you buy stock in something
like google. Are you buying a piece of their servers? Unlike a traditional company (like GM, GE,
McDonalds, etc), WHAT exactly are you buying? Information? Just like the .com era, you aren't
buying tangible property. I think everyone is just caught up in the "googlemania" more than
anything else. You would have thought that after the .com bust in the 90's that venture
capitalist would know better.......


#8.1 vetMr magoo on 20 Aug 2004 - 00:31
I suppose yes, your buying a piece of servers, most of all, a piece of their data. But your buying for the future; Google hinted at big programs, and have yet to come clean on what they are going to do with this money.
#8.2 Sub on 20 Aug 2004 - 00:56
You're are buying a part of the company. If google has 20 million shares, and I buy 10 million, I own half the company. If I buy 11 million, I become the majority share holder. Billy Gates is the majority shareholder of Microsoft.

Stock is all about hipe...Remember that.
#8.3 pctuk on 22 Aug 2004 - 13:04
You buying a cut of their future profits - either through dividends or an increased value of the share. Either that or a cut of their future losses
(1 reply) #9 Dessimat0r on 19 Aug 2004 - 23:39
Google will now obtain a board of directors, who probably won't know anything about computers, and steer the company in the wrong direction.
#9.1 parcelbrat on 20 Aug 2004 - 02:12
I don't think it will happen. The CEO is co-chairing with the 2 founders of google, so they have a voice in the board as well.
#10 Astral on 20 Aug 2004 - 01:00
Nice boost in my wallet since last May, thank you Google.
(1 reply) #11 PLATINUM11G on 20 Aug 2004 - 04:17
google is **** and so are its owners LOL
#11.1 nikvasilev on 20 Aug 2004 - 05:36
and so you are ****
#12 [ timko ] on 20 Aug 2004 - 10:20
D4mn, I knew I should have bought some yesterday when they were cheaper. rAAArrr!
#13 R-Style on 20 Aug 2004 - 10:23
I have bought 10 shares!!!!!!!
#14 neomilan on 20 Aug 2004 - 15:46
hello my name is niraj
#15 neomilan on 20 Aug 2004 - 15:46
niraj is very smelly

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