IS GOOGLE’S SHARE PRICE TARGET TOO HIGH?

In July, Google set a target price range of $108 to $135 a share for investors considering whether to bid for some of the 24.6 million shares the Mountain View company plans to sell to the public for the first time. Combining those shares with millions of shares held by insiders and employees, Google will have a stock market value of $29 billion to $36 billion right out of the gate. So is $108 to $135 a reasonable price to pay for Google shares? No matter how you slice it, Google’s suggested price range for its first public shares is no bargain, many professional investors said Monday. At the midpoint of that price range, Google would get a stock-market value of $32.6 billion — nearly as high as Yahoo’s, which has been around several years longer and makes more revenue. Read More: EcommerceTimes www.ecommercetimes.com/story/35366.html?u=emmasmith&p=ENNSS_1c75404dcfb5e6e3449e8b9dfde4c488