Google qualifies as one of the top hot growth tech companies of 2006, according to Business Week; the search engine company placed fourth on a list of 50. Two of its biggest competitors – Microsoft and Yahoo – also made the cut, but they were numbers 42 and 49, respectively.
Business Week described Google’s extraordinary progress in a slideshow. “In 2002 there were rumors that Yahoo! would acquire Google, for a price said to be in the neighborhood of $700 million . . . . Today that same $700 million Yahoo considered paying for Google will get you about one-half of 1% of Google shares. What will Google do next? Here’s a hint: It will grow.”
Arik Hesseldahl also took a shot at explaining Google’s place on the list. “Google . . . has claimed billions in advertising dollars by devising the technology to put information from around the Web at anyone’s disposal in a matter of seconds. Its growth has been nothing short of phenomenal. A mere eight years old, Google is approaching $10 billion in revenues . . . ”
Amkor Technology, Apple, and AT&T kept the search engine company from securing the number one spot. Those three companies possess a solid lead in terms of total returns for the year, even though their changes in sales are comparatively unimpressive (Google achieved a 77% change, while AT&T could only boast of a 46% improvement).
Nonetheless, Google should be proud of its place on the hot growth list, and should perhaps be especially happy about how it ranked in comparison to its rivals.
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Doug is a staff writer for Murdok. Visit Murdok for the latest eBusiness news.
