Google after the bell for 10-23-06: Shares end day at all-time high


Google Inc. (NASDAQ: GOOG) shares closed at an all-time high today, ending the trading session at a whopping $480.78 per share, another rise of huge proportions, as Google shares closed up over $21.22 or 4.59% over last Friday's close. Friday's close saw a large lift in Google share price due to the Internet search giant's outstanding results from last Thursday after the bell, which once again upped the ante when it came to expectations.

Google, while continuing to bask in its own limelight, is immoral according to CNET's Charlie Cooper. Melly and myself argued the point of whether Google News and aggregation sites like this are breaking laws by using the Fair Use principle to bridge the gap between personal and commercial use while indirectly (or directly) making profit, and you'll find out dissenting takes here.

While we play around in the legality of Google's actions these days, the company, against what I think it's actually worth, continues to rise in share price, almost to the point of where several analysts have it pegged at $500 per share. Do you think it will get there soon? Drop me a comment and let me know why you may think that.

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