Google Becomes Third Largest Tech Company

Posted by jonathan at 7:35pm EST on 10/25/2006

Google just passed up IBM as now the third largest technology company in the world.

…lead over other web companies like eBay $US45 billion , Yahoo! $US32 billion and Amazon $US14 billion…

Google has clearly taken a huge lead as far as tech companies go. Google stock is currently trading at $475 per share. What is Google’s total value to this day? $US145 billion. That’s a heck of a lot of value. With IBM only valued at $US139.5 billion, Google has become the third largest tech company now.

Yahoo! isn’t even close. Yet another reason why Google calmly claims 25% of all online advertising. The only competitor Google should really be worried about is Microsoft. Microsoft is valued at $US279 billion. Google still has a little bit before catching up to Microsoft.

Microsoft and Cisco are the two leading companies ahead of Google right now. Google has been rolling out a lot of new products so I’m sure we can see them taking a lead as second or maybe even first in the technology industry within the next five years.

News.com.au