Posted By Rich Miller On October 9, 2007 @ 5:28 am In Google | Comments Disabled
Shares of Google (GOOG) gained $15.57 yesterday to close at $609.62 a share, as the Internet titan surpassed another milestone with its first close above $600 per share. Om Malik  notes that this brings Google’s market capitalization to more than $188 billion, which is enough to buy 3,133 Gulfstream G550 jets a $60 million a pop.
That $188 billion stock valuation is enough to buy a lot of companies, and gives Google the financial strength to continue building huge data centers. This year Google has announced data center projects in Lenoir, North Carolina ; Goose Creek, South Carolina , Pryor, Oklahoma  and Council Bluffs, Iowa . Google expects to spend $600 million in each location for $2.4 billion in data center investments. But that’s small change compared to Google’s total market capitalization. With $188 billion, Google could build 313 of its $600 million data center projects, with 626 facilities. Not that they would. But it’s clear that Google’s infrastructure ambitions won’t be cramped by its liquidity or stock price.
Article printed from Data Center Knowledge: http://www.datacenterknowledge.com
URL to article: http://www.datacenterknowledge.com/archives/2007/10/09/google-stock-tops-600-a-share/
URLs in this post:
 Om Malik: http://gigaom.com/2007/10/08/google-600/
 Lenoir, North Carolina: http://www.datacenterknowledge.com/archives/2007/Jan/19/google_picks_nc_for_600m_data_center.html
 Goose Creek, South Carolina: http://www.datacenterknowledge.com/archives/2007/Apr/04/google_announces_600m_so_car_project.html
 Pryor, Oklahoma: http://www.datacenterknowledge.com/archives/2007/Apr/07/google_planning_oklahoma_data_center.html
 Council Bluffs, Iowa: http://www.datacenterknowledge.com/archives/2007/Jun/19/google_confirms_data_center_in_council_buffs_iowa.html
 Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
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