Google worth $600 a share?

Does anyone remember the late ’90s? You know, when the bottom fell out of the tech industry? It looks like Google never got the memo, as the company’s stock is quickly approaching $600 a share. The shares hit an all time high of $535 each, which is a full 529% than their IPO price just 3 short years ago. The stock price has increased by 15% during 2007 alone. My, how things have changed. As if the current sky-high price wasn’t enough, a respected Wall Street analyst William Morrisson seems to think that the market is currently undervaluing Google. Morrisson’s calculations, along with those of many of his WS collegues, estimate Google’s actual value at something close to $635. Good lord. If only we had a time machine….

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