Mobile key to Google’s future

Article Excerpt

Google first sold shares to the public at $42.50 each (split-adjusted) in August 2004. Since then, the stock has soared by 1,307.1%. We think the company is just getting started. It continues to dominate Internet search, and the web’s ongoing spread into developing countries should keep this business’s profits rising. What’s more, most of these new users will likely use mobile devices powered by Google’s Android software. To top it off, the stock remains attractive in relation to the company’s projected earnings. GOOGLE INC. (Nasdaq symbols GOOG $588 (class C: nonvoting) and GOOGL $598 (class A: one vote per share); Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 676.4 million; Market cap: $397.7 billion; Price-to-sales ratio: 6.1; No dividends paid; TSINetwork Rating: Above Average; www.google.com) operates the world’s leading Internet search service. The company has about 70% of this market, mainly because its innovative technology helps users quickly find the information they’re seeking. The U.S. supplies 45% of Google’s…