Infobel Espana Office V12 ##VERIFIED##

Infobel Espana Office V12

justinbohannon.net/subfiles/I/Infobel/S/10/2015-08-06

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Exclusive: Google’s New Interim CEO Says Google Is Still Worth $120 Billion And It’s IPO Will Be “Weeks Away”

On Thursday, Google shares hit an all-time high, trading at $836.20 per share — nearly $92 billion — following better-than-expected results for both the quarter and the year. At $836, it represents the highest price ever for the company, a record it took nine years to hit last time it went public.

While the new $836 billion price tag shows just how valuable Google has become, former CEO Eric Schmidt didn’t fall victim to this time as well.

Of course, if Schmidt was a little more pointed in his comments than saying “I think it was a fantastic result,” he probably wouldn’t have been the CEO to comment on it.

Rather than remind us of Google’s gains, Schmidt’s comment regarding the share price hit a nerve with investors and began rumors that Google might consider another IPO in the future.

Speaking with Business Insider, Schmidt expressed confidence that Google’s shares should be worth around $120 billion, not $120 billion per share. Business Insider reported that “Schmidt made an implicit comparison of Google’s market value in the public market to Facebook’s.”

“An asset trading at $120 billion is still very cheap,” he said. “I’d say weeks away. But it’s a long period of time.”

The Google board has already made it known that it doesn’t intend to give its other board members the chance to pick their own successor as CEO. Instead, the board will be picking Schmidt’s replacement – a move that many have been quick to criticize as it’s widely thought that Google’s management will be handed a stronger CEO going forward.

Google’s board of directors is currently co-chairing Schmidt and has asked him to stay on for a period of time, according to Business Insider.

From Business Insider:

“The board has asked

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