The $1000 per share company. Congrats Google

Discussion in 'Apple, Inc and Tech Industry' started by Lloydbm41, Oct 18, 2013.

  1. Lloydbm41 macrumors 68040

    Lloydbm41

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    #1
    I think we saw the largest share price jump in history today after Google reported better than expected profits (even with Google's quarterly loss), with Google shares standing over $110 per share over yesterdays closing.

    Everyone expected Apple to be the first to break this barrier and last year it looked like they would be. If Google does announce the Nexus 5 today, and the $350 unlocked price point, we might see the stocks blow past $1100 per share!

    Just think, in 2009 you could have bought Google stock at a measly $250! :p
     

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  2. imaginex20 macrumors 65816

    imaginex20

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    #2
    congrats...but I bet you don't even own a share. :rolleyes:
     
  3. TheAppleFairy macrumors 68020

    TheAppleFairy

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    #3
    Would it bother you if he didn't? Can he not be happy for the success of a company he may admire?
     
  4. mclld macrumors 68000

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  5. imaginex20 macrumors 65816

    imaginex20

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    #5
    Doesn't bother me...but if someone else had made this thread about Apple stocks it'll get a bunch more backlash...
     
  6. TheAppleFairy macrumors 68020

    TheAppleFairy

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    #6

    I don't own any stocks in anything, I watched Google back when it was about $100 a share but it was too rich for me. I was playing in the $5 and below stocks until I lost about $8,000. I still enjoy news like this and I am hoping to see aapl get back to where it was.
     
  7. jrswizzle macrumors 603

    jrswizzle

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    #7
    Or not....how do you know who would say what? Gotta love the assumed reactions to things people claim around here.....:rolleyes:
     
  8. gotluck macrumors 603

    gotluck

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    #8
    So you figured you had to do it here?
     
  9. Lloydbm41 thread starter macrumors 68040

    Lloydbm41

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    #9
    Nope, I don't own a single share of any company. It is simply a milestone in the industry I was around to witness. (History in the making, you know?) If it had been Apple, I would have said the same thing.

    I have seen the end of apartheid, the Berlin Wall fall, the first black president, the first home computer, the birth of Great Britain's next King, etc... Amazing times to celebrate such milestones. And no I am not comparing the significance of a stock price to the end of apartheid, just noting that they are historical snapshots in human history.
     
  10. jrswizzle macrumors 603

    jrswizzle

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    #10
    ?

    Did AAPL split a few years back? Even at half the stock price, Apple has a higher market cap by more than $100B. I'm not terribly knowledgeable about such things, but they do fascinate me.

    What would be the reason to split stocks? Would GOOG look to do such with stock prices this high? I assume a company would split to make the shares more cost effective for a wider range of investors. Right now GOOG has just north of 7 million shares trading on average, while AAPL is trading roughly 13 million.

    Curious :D. Educate me!
     
  11. jamezr macrumors G4

    jamezr

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    #11
    How did this become Google versus Apple?
    To your point about Apple stocks and stock splits. Apple had to get the price point where it made sense to split the stock. Google is getting there right now....and they have momentum going forward.....
     
  12. jrswizzle macrumors 603

    jrswizzle

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    #12
    ?? I'm not making it anyone against anyone!

    I'm asking a serious question. Being these are the two companies that had the best chances of getting to this milestone, I was simply curious how each stock compared and what it meant.....that's all.

    Chill.....
     
  13. jamezr macrumors G4

    jamezr

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    #13
    Then why mention Apple at all? :)
     
  14. Lloydbm41 thread starter macrumors 68040

    Lloydbm41

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    #14
    I want to know as well, but isn't this a board of directors decision, and doesn't it have something to do with long term debts and outstanding shares? In other words, isn't there a bunch of criteria that has to be met before a stock split can even be mentioned? Has Google been around long enough to offer a split? Do they even want to?
     
  15. bobenhaus macrumors 6502a

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    #15

    I think Google is too smart to split the stock. I think they want serious investors like Berkshire Hathaway Inc. (BRK-A).
     
  16. jrswizzle macrumors 603

    jrswizzle

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    #16
    Because I thought they went through a split and was curious what led to that decision and if google would be in the same boat right now....

    Jesus.....not everything involving the two companies is contentious. They are both huge tech companies. They both make great products I happen to use. I'm curious about investments, stocks and how each handles such high stock prices.

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    Perhaps - I really don't know. I want to know the answers to all of your questions as well! haha

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    I really don't see that.....there's a huge difference between a massive conglomerate holding company and very recognizable brand. This is the reason I brought up Apple - I thought they split a little while back. Comparing Google to Apple is much more apt than comparing to BRK-A.....

    A $500 stock price would still attract serious investors.....but it also attracts many who feel attached to that particular company. Like it or not these tech companies have a hold on our emotions. Many people want to invest money as well as their purchasing power and emotions.

    I'd venture to guess most average joes have no idea what BRK-A is or could even name ONE of the brands under Buffet's wing.
     
  17. jamezr macrumors G4

    jamezr

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    #17
    Because you always bring it up something about Apple......you have a history of doing it in most every thread you get involved in. No worries JR.......:)
    Its Friday! :)
     
  18. lazard macrumors 65816

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    #18
    Apple has split their stock 3 times ('87, '00, '05). Reason for split? To make their stock more affordable to small investors.

    Sure Apple's market cap is roughly $100B more than Google, but that is because Apple has so much more shares on the market than Google. Apple has 908.05 million shares floating on the open market. Google, on the other hand, only has 273.49 million shares floating. When you take into account Apple has over 3 times more shares on the market, the $100B difference is not that impressive.
     
  19. Faux Carnival macrumors 6502a

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    #19
    Google owns everyone's **** in the world. Where we've been, what we've searched, which sites we've visited, who we've contacted, etc...
     
  20. Technarchy macrumors 603

    Technarchy

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    #20
    Good. Make money, create jobs, improve the economy.

    What are people pissing about. We need more news like this from American businesses
     
  21. dazedxar macrumors member

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    #21
    Google stocks just reached $1000

    Wow I remember it was around $85 in 2003, those who invested early made a lot of money.
     
  22. chown33 macrumors 604

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    #22
    Not even close to the largest price jump. Just look at Zynga (ZNGA ticker symbol). They took a 40% price loss in one day, less than 2 years ago. Google up by $110 isn't even 15%.

    Or maybe you mean "largest price jump in dollars". In which case it still wouldn't be the largest. Berkshire Hathaway (BRKA) trades at over $100k/share. It was up by $114 today, or 0.07%.
     
  23. jav6454 macrumors P6

    jav6454

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    #23
    It still doesn't matter. Google isn't as big as the Berkshire-Hathway.
     
  24. elistan macrumors 6502a

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    #24
    Personally, I don't care that it's at $1000. No difference from a $1 stock share in 2009 being worth $4 now.

    Now, the 13% price jump, that's worth talking about. Their continued profitability, even more worthy of discussion. But a single share going for $1000? Might as well talk about the color of their letterhead for all the significance it holds, IMO. (Unless somebody wants to talk about it in reference to human psychology, instead of the company's performance.)
     
  25. Lloydbm41 thread starter macrumors 68040

    Lloydbm41

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    #25
    Isn't BRKA actually a multi-national conglomerate of both large and small corporations? Not a single entity on its own? (At least that is what they are listed as.) Does BRKA produce anything or even in the tech industry, other than owning stock in tech corporations? I honestly do not know the answer to all these questions. I'm not a stock guy.

    If I was wrong in that it was the largest single gain for a tech stock, then I stand corrected. I will edit my original post if this is the case.

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    I second this. I hope Motorola starts making money and producing more jobs as well. I'm glad Apple is starting to do manufacturing of Apple products (even just a few) and building their server farms in the US.
     

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