Saturday, September 16, 2006

Google Gets Going aGain

Google had lost 18 per cent since the shares peaked at about $475 in January.

Relentless stock sales by the internet search company's executives were said to be the blame.

Its managers have been dumping stock since February 14, 2005, the expiration date of the biggest and final restriction on insider sales following its initial public offering.

Three weeks ago, Google's stock price languished at a mere $373

Google shares broke the $400 mark Wednesday, riding a four-day market rally, in spite of some skepticism about Google's non-advertising ventures, analysts have returned to more bullish positions on the stock.

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