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From Bloomberg News
Google Inc., the most-used Internet search engine, has no plans to split its stock, Chief Executive Eric Schmidt said Thursday at the company’s first annual stockholder meeting.
“We have discussed this question, and we have decided not to do it at this time,” Schmidt said at Google’s headquarters in Mountain View, Calif. “That’s probably all I should say.”
Google’s stock has more than doubled since the company’s Aug. 18 initial public offering, when shares sold for $85. On Thursday, its shares fell $2.57 to $228.72 on Nasdaq.