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Google Tops $900

It IPO’d at $85 a share in August of 2004

Google's stock topped $900 a share Wednesday ahead of the opening of its annual I/O developers' conference in San Francisco, raising its market value to over $304 billion, something no high-tech firm has ever done before.

There's the inevitable talk of it hitting $1,000.

Apparently it rose on rumors that it's going to field a paid Spotify-like subscription music service. The Wall Street Journal says it signed distribution deals with three big music labels: Universal Music Group, Sony and Warner Music Group.

There's also talk of a service called Google Play Games that will let gamers play each other over the Internet.

A few minutes into the three-hour-long keynote Google claimed there were 900 million active Android devices out there. It may update the $199 Nexus 7 tablet with a high-resolution screen. There are also revisions to Google Maps in the offing.

In early afternoon trading Google was at $908.01. It had already gone as high as $911.76.

Google IPO'd at $85 a share in August of 2004.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at) or paperboy(at), and by phone at 516 759-7025. Twitter: @MaureenOGara

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