Google’s Share Price Dips Below $500
February 5th, 2008 at 3:51 pm by AndyFor the first time since August, Google’s share price has dropped below the $500 mark (AP article)
In afternoon trading, Google shares fell $19.11, or 3.7 percent, to $496.79. They have ranged from $437 to $747.24 over the past year.
Shares of Mountain View, Calif.-based Google have fallen 12 percent since Microsoft’s $42 billion bid for Yahoo was announced Friday. Google reported its quarterly earnings after the market closed Thursday.
Stephen Houck, a former antitrust enforcer in New York state, predicted that Google could have a hard time raising antitrust concerns over the deal.
The recent $42 bn buyout offer for Yahoo by Microsoft and lacklustre 4th Quarter earnings have apparently taken their toll
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