It seems like Google is finally joining the big boys!
Via MarketWatch>
The decision instantly puts Google — less than two years after going public — on the shopping list of hundreds of mutual fund managers who run portfolios that track the components of the S&P 500. Google will replace shares of Burlington Resources Inc., which is being acquired by ConocoPhillip.
Google’s entry into the vaunted S&P 500 has been expected since 2004, when investors interest in the Mountain View, Calif.-based search-engine giant reached frenzy levels.
Indeed, Google, with a market cap exceeding $103 billion, is already widely held among institutions.
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