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The power of speculation – Google stock breaks $700 on Google Phone rumors

By: , IntoMobile
Wednesday, October 31st, 2007 at 12:04 PM

Google stock soars on news of mobile phone plansGoogle is not only a huge player in the online search game, they’re a veritable bull on Wall Street. Trading as GOOG, the online search giant has seen incredible gains on the stock market in recent months. We hope you got in early, Google just broke the $700 mark after news broke of Google’s impending entry into the mobile space.

Apple’s stock more than doubled in the few hours after they officially entered the wireless game with the iPhone, so it makes sense that investors are squirming in their seats for Google to take the same plunge. Rumors indicating that Google would make their plans for the wireless industry known in two weeks time were enough to boost their shares to over $700.

Way to go Google. But big ups to all of you that got in early – remember when GOOG was trading for $250? Yea, those were the good old days.

[Via: Yahoo]

About The Author

Will Park

Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...