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Google leaps into Global Top 100

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With the market capitalization of more than $83bn (as I am writing this) Google riding over its phenomenal share price advance, having defied most predictions by more than tripling in the ten months since the firm made its stockmarket debut at $85 a share, has leaped into FT Global top 100, a jump from 279th as on March 31, 2005 to 95th as the ranking been compiled on stock value as of June 30.
The leap is unprecedented by any standards. Yet few people are casting doubts over the long term sustainability of Google valuation. There is lot of mist built around Google, as this article in The Economist mentions that

Now valued at more than $80 billion, Google has left in the dust the other three internet Wunderkinder—Yahoo!, eBay and Amazon—and even passed media stalwarts such as Time Warner. How does Google do it?

At least in part by shrewdly manufacturing a winning mystique. No outsider today can prove definitively that Google is not an office park full of geniuses who could at any moment announce, simultaneously, world peace and a cure for the common cold. That is because no outsider today can say anything definitive about Google at all. This is intentional. Google makes itself totally opaque by camouflaging itself with lots of what journalists call “colour?.

Interesting take on an organization, that is widely respected and admired even by the techies all over the world, even though it failed to push any significent advances recently in its core area of searching in the world of ever increasing content to explore. Though the recent surge in the popularity of AJAX techniques (Asynchronous JavaScript and XML) can be attributed to its use in Google’s Gmail, Google Groups and other prominent interactive applications.

Written by Brajesh

July 16, 2005 at 3:08 am

Posted in Economics, Google

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