Google Jumps to New High on Good Earnings

Google (GOOG) on October 21, 2005 announced very strong earnings and the stock closed up $36.70 (12.10%) at $339.90, an all-time high. Investors are betting that GOOG will maintain its position as the number one search engine as it continues to be the innovation leader in search technology.

At a market cap of $94.92 billion GOOG is bigger than Dell (DELL), Hewlett-Packard (HPQ), Yahoo (YHOO), ebay (EBAY) and Amazon (AMZN). How high can the stock go? Who knows, but in the past investors have been willing to pay up for hot Internet stocks.