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Google is back over the $500 mark, closing the day at $506.80 per share. This while stocks plunged sending the Dow industrials tumbling to their biggest drop since February 2007. Some are talking recession.

Meanwhile, Microsoft and Yahoo closed the day with 3.7% and 1.2% drops in stock value, Micorsoft closing at $29.07 per share while Yahoo closed at $28.98 per share.

With regard to the possible Microsoft Yahoo merger, although Yahoo has yet to respond to Microsoft’s offer to buy them out for $44.6 billion, analysts are saying a merger is likely to happen.

Google Inc. has apparently attacked Microsoft Corp.’s bid to acquire Yahoo Inc. calling it, in the words of Jeffry Bartash and Morning Zhou writing for Marketwatch, “an effort to extend its software monopoly to the Internet”.

Google executive David Drummond has made a statement to the effect that a Microsoft acquisition of Yahoo could undermine open competition on the Internet. In a blog post Drummond wrote [Read more]

Google continues it’s downward spiral. At last report the stock had dropped to $515.90 per share. The current share price as of the writing of this post is $495.43.  Meanwhile, Yahoo share price is up by 3.35% owing to Microsoft’s offer of a 45 billion dollar buyout.

The last report on the possible buyout of Yahoo is that Yahoo has not made any decision and continues to explore all options, one option of which is reportedly a possible partnership with Google.

While Google stock value continues to decline Yahoo and Microsoft have shaken up the market with an offer by Microsoft to acquire Yahoo.

The talk of a merger has resulted in the buying up of Yahoo stock on a scale that saw an almost 50% increase in the price of a share of Yahoo stock from the previous close of $19.18.

Yahoo stock has always looked unimpressive to me. Hence the reason I never got around to buying. I’ve been watching the stock for a couple of years waiting for a sign that Yahoo has potential to head in the direction of Google but I never became convinced that I should go ahead and make an investment. Not saying I made a good or bad decision because I’m no expert on the subject, but recent reports hint at big problems for Yahoo.

As John John Letzing writes for IMG Direct: [Read more]

Three months ago Google shares reached a record high of $741.79. I personally berated myself for my failure to buy up some shares back when cost per share was around $300. I promised myself that I’d watch the stock more closely and grab up a few shares the moment cost per share dropped below $500.

Last week has been called one of the stock market’s most volatile weeks in memory. That week saw Google shares close around the $570 mark. At this specific moment a share of Google stock is $566.40, but the market has yet to open for the day.

[Read more]