I wouldn't buy Google
Google offers very interesting services and has great potential of generating more revenue and making much bigger profit. Google News has not been monetized yet, though it is probably the most popular or second most popular news site on the internet (Yahoo News and Google News are probably #1 and #2). Google Images has not been monetized yet; Google Images does not run ads like Google Search and Froogle. Google earth is a very interesting product, and it has not been monetized yet. Google has a lot of potential. That said, stock is traded at $279.99 today (August 18th) and the company's market cap is $77.77 billion, while its revenue is $4.48 billion. Market cap is bigger than revenue times 17. Market evaluates Google too high in my opinion, and I wouldn't buy Google.
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