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Google, for now, not splitting stock-CEO
Thu May 12, 2005 06:31 PM ET
SAN FRANCISCO, May 12 (Reuters) - The chief executive at Web search leader Google Inc. (GOOG.O: Quote, Profile, Research) said on Thursday that the company, for now, has decided not to split its stock -- which trades at around $229 a share.
"We decided to not do it at this time," Google Chief Executive Eric Schmidt said at Google's shareholder meeting, which was Web cast from its Silicon Valley headquarters.
Google shares are up nearly 170 percent from their debut price of $85 in mid-August.
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