Google’s share reaches a new high of $600 on Monday due to investor’s confidence that the search leader will capitalize on new areas of the media industry. Other than being the leader in the search engine market, Google has entered into other areas where it expects to capitalize in the near future. For example, Google acquired Youtube in hope of taking the lead in the online video distribution network.
Measured by market capitalization, Google currently ranks the 11th on the S&P 500 index. We could expect better performance in the future seeing its footprint in areas like web search market, online video, radio, print and web applications.
