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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.

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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)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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