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Google Passes Exxon to Become Second-Most Valuable U.S. Company

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Re: Google Passes Exxon to Become Second-Most Valuable U.S. Company

#21

Post by thewarrior »

rayiner wrote: post #11
martythemaniak wrote: post #6

I know it sounds a little ridiculous, but I think Google still has a long way to grow. I can easily see them as the first trillion dollar company and well beyond that. I think they understand the process of re-inventing themselves better than any other tech company. They acquire a lot of companies, some of which continue to grow and change the very nature of Google itself (example Android). They also understand Black…

> I can easily see them as the first trillion dollar company and well beyond that. At least Saudi Aramco, if not some of the other state-owned oil companies, are already over $1 trillion.

I don't think the comparison is valid because Saudi ARAMCO is basically a state owned company with a monopoly over the natural resources of an entire country. If Google attains a trillion dollar valuation it would be amazing because they'd have achieved it due to their vision and hard work.

Re: Google Passes Exxon to Become Second-Most Valuable U.S. Company

#26

Post by vonmoltke »

vonmoltke wrote: post #17
rayiner wrote: post #11

Earlier quoted context omitted.

> I can easily see them as the first trillion dollar company and well beyond that. At least Saudi Aramco, if not some of the other state-owned oil companies, are already over $1 trillion.

In fact, Saudi Aramco's 2012 revenue [1] was greater than Microsoft's market cap (at 4th most valuable us company). [1] http://biz.yahoo.com/ic/55/55881.html

Actually, I just did the math and Exxon's market cap is actually less than their annual revenue right now, which is about $438b.

Re: Google Passes Exxon to Become Second-Most Valuable U.S. Company

#27

Post by [deleted] »

martythemaniak wrote: post #6

I know it sounds a little ridiculous, but I think Google still has a long way to grow. I can easily see them as the first trillion dollar company and well beyond that. I think they understand the process of re-inventing themselves better than any other tech company. They acquire a lot of companies, some of which continue to grow and change the very nature of Google itself (example Android). They also understand Black…

[deleted]

Re: Google Passes Exxon to Become Second-Most Valuable U.S. Company

#28

Post by Steko »

martythemaniak wrote: post #6

I know it sounds a little ridiculous, but I think Google still has a long way to grow. I can easily see them as the first trillion dollar company and well beyond that. I think they understand the process of re-inventing themselves better than any other tech company. They acquire a lot of companies, some of which continue to grow and change the very nature of Google itself (example Android). They also understand Black…

Agree the sky is the limit for Google's future but there's always some risk that FB or Baidu or someone could come in and take 80% of Google's users.

Aso by any reasonable measure Apple's market cap should be well over a trillion. Take away their $165 billion cash pile from their $465 billion market cap, give them 0% growth and you're left with the idea that Wall St's expects Apple to be turning out the lights in 4 or 5 years depending on how you value their IP, tangible assets and other investments. That's why Apple is buying Apple stock like whoa.

Re: Google Passes Exxon to Become Second-Most Valuable U.S. Company

#29

Post by raldi »

JumpCrisscross wrote: post #15
raldi wrote: post #10

Earlier quoted context omitted.

Wikipedia lists the characteristics of a monopoly here: http://en.wikipedia.org/wiki/Monopoly#Characteristics Which of those characteristics do you see in Google?

Single seller - Google commands 2/3 of search engine volume [1] and 1/3 of online advertising [2]. Yes, they have competition, but in several verticals they are the only practical choice. Note that this does not make them an abusive monopoly, which is what those characteristics seem to be describing more than a monopoly per se . [1] http://searchenginewatch.com/article/2289560/Googles-Search-... [2] http://www.bloomb…

In which verticals is Google the only practical choice?

Re: Google Passes Exxon to Become Second-Most Valuable U.S. Company

#30

Post by encoderer »

psbp wrote: post #23

Can someone explain to me why the market is being so bubbly about google (yes, pun intended)? I'm just not seeing over $1000 being the long, even for google.

They're sitting on a huge pile of cash. Back that out and look at their forward P/E. It's reasonable.

There is no reason Google shouldn't be over $1k. Except that 4 digit numbers feel big. Which is probably one reason they're doing a split.

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