Shares of Google jumped to a new high of $559.99 on Friday, a surge which comes on the heels of a few positive analyst reports and news Thursday that co-founders Sergey Brin and Larry Page landed on the top 10 list of Forbes' richest Americans, tied at No. 5, each with a net worth of $18.5 billion. On Thursday, Robert Peck, the Bear Stearns analyst wrote a report on how Google plans to reach $100 billion in revenue, a goal that Hewlett-Packard expects to achieve just this fiscal year.
Although Peck did not give a time frame for Google to reach the $100 billion goal, he hosted a conference call with another consultant on Thursday and they outlined six important focus areas for Google: searches on mobile devices, online video, publishing, business software applications, its e-payment system that rivals PayPal, and multimedia advertising. According to Peck, reaching the $100 billion goal in revenues will require the search engine giant to meet several challenges, "
but stopping the Google juggernaut is not going to be an easy task" for its competitors.
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