A Sign Of The Times

Google, which became the world’s largest online advertiser through its dominant search engine, has a market capitalization of $393.5 billion. Photographer: David Paul Morris/Bloomberg

Google Briefly Tops Exxon As Second-Most Valuable Company -- Bloomberg Businessweek

Google Inc. (GOOG:US) briefly surpassed Exxon Mobil Corp. (XOM:US) as the second-most valuable company, trailing only Apple (AAPL:US) Inc. and underscoring the growing role of technology in the economy.

Google, which became the world’s largest online advertiser through its dominant search engine, had a higher market capitalization during intraday trading today before falling back at the close in New York to a value of $395.4 billion compared to Exxon’s $395.7 billion, according to data compiled by Bloomberg. Apple had a market value of $463.5 billion. Software company Microsoft Corp. is No. 4 with $303.5 billion.

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My Comment: Fadel Gheit, an analyst at Oppenheimer & Co. in New York is right ..... “It’s the sign of the times .... out with the old and in with the new.”