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Google stock surged a bit this morning, up almost $14 per share as Reuters has reported that Stifel Nicolaus said Google Inc. (GOOG) has replaced Ebay (EBAY) on its select list. The report goes on to say " In a research note, the brokerage said it expects the Internet search company to generate $5.5 billion of net profit in 2008 or about $300 million more than the equivalent taxed net profit of Amazon.com Inc."
Google is close to signing various deals such as:
Search marketing company MIVA Inc. said in a regulatory filing Wednesday it agreed to exclusively use Google Inc.'s WebSearch and AdSense services for approved Web sites and applications.
Google and Earthlink are near finalizing a deal for Google to build a San Francisco-wide wireless Internet network
It is anticipated that Google will release their quarterly earnings data on January 30, 2007. Stifel has a price target of $554 on the stock.
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