Google With Stock Price Near $200

Deseret News (Salt Lake City):

"Shares of Google Inc., the most popular service for searching the Web, ended 2004 near $200, capping the stock's debut year near its record price.

Google shares have more than doubled since the company's initial public offering at $85 per share in August. The stock fell $4.81 to close at $192.79 Friday on the Nasdaq Stock Market. Shares traded as high as $201.60 on Nov. 3.

The rise has given Google, based in Mountain View, Calif., a market value of $53 billion and an estimated price-to-earnings ratio of about 76, more than triple that of Cisco Systems Inc., whose equipment underpins much of the Internet that the Google name now dominates. "