Friday, October 19, 2007

Ga Ga Over Google -- Profits, Stock Soar

Google continues to amaze -- third quarter profits jumped 46% on a year over year basis on a 57% rise in revenue to $4.23 billion. Naturally, Google's stock responded and now trades at nearly $640/share and a market cap north of $200 billion (passing Cisco in the process).

Separately, Google's YouTube is the most notable absent party in a new pact reached by a consortium of major media and Internet companies regarding the treatment of copyrighted video content on the Web.