The closing price of Google soared to US$ 304.10 at NASDAQ stock market on June 27, increasing its market value to US$ 84.5 bln, ranking the 23rd in American corporations. By contrast its price was a mere US$ 85 in its IPO in August 2004.

The upsurging stock price is a result of continuous growth of Google's online adverting business which generated 99 percent of the company's total revenue in 2004.

Analysts predict Google will enjoy an 82 percent increase in revenue this year. Thus its yields per share will rise 91 percent. In the next five years, its average annual revenue is expected to increase by 30 percent.

By People's Daily Online