Google has become a household name in Australia just 20 years after it launched with just one employee in a loungeroom, today it has over 2000 employees having comfortably overtaken the early entrant Yahoo. This business has evolved significantly from just being a search engine and we believe both its prospects and valuation are exciting around $US100.
- We remain fans of Google which we hold in our International Portfolio albeit from higher levels.
MM is bullish Google initially looking for ~20% upside
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