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Google and Red Hat added to Nasdaq

Posted by CmdrTaco on from the well-isn't-that-special dept.

Rob writes "Google Inc and Red Hat Inc are two of the big technology-related stocks to be added to the Nasdaq-100 in the latest annual reordering of the 100 largest non-financial stocks on the Nasdaq stock market. Meanwhile, the addition of Raleigh, North Carolina-based Red Hat reinforces the credentials of the open source Linux operating system on which the company has built its business. "

2 of 108 comments (clear)

  1. Re:Google will rise by Anonymous Coward · · Score: 5, Insightful
    One would be stupid not to invest in Google stocks. They've already risen more than 300%, and they're comming up with new services all the time.

    That's my motto buy high, sell low.

    Seriously, one would be stupid to buy only for your two reasons. Adding new services does necessarily mean more revenue. Are you aware of how many companies have suffered when they tried to do too much?

    Maybe you were trying to be funny

  2. Where will they settle? by tnk1 · · Score: 5, Insightful

    Google has been an innovative and interesting company, and Red Hat probably has the best name recognition for Linux in the business. These steps make sense.

    The big question with Google is if these laurels that people keep heaping on them will last when Google inevitably loses stock value, for whatever reason. Hopefully, being added to an index like this indicates that some smart people feel that they are here to stay. However, I think most financial people slept through their classes on "Long Term Investment" in business school (if indeed business schools actually offer classes like that anymore).

    Google's success = Innovation and they will need to keep innovating if they want to remain relevant. There is always going to be a Microsoft or other competitor who can figure out a way to clone Google's offerings with "just enough" functionality, the right price point, and some evil marketing ploys to create instant competition.

    To remain in this game with a high level of quality means new ideas and the willingness to go to places no one thinks can be reached. That will become harder as some of the money pumped into them starts acting like cholesterol: slowing them down and cutting off blood flow to people's brains. Ph.D's may be good at what they do, but they aren't immune to corrosive influences of cash and the lures of prestige. There is going to come a point where Google starts to face the potential for crippling hubris, and at that point, the company will reach it's first real test as a long-term investment. If it can get over its own reputation and keep going, then you have a company worth owning. If not, then they go the way of the 90's, sooner or later.