Shares of Google opens in record, reaching $1,000 stock

Summary: The search giant (turn everything else) opened Friday a high all the time. Shortly after the opening bell, gave $1,000 to the action.

(Image: ZDNet)

Google hit the $1,000 a share mark on Friday, less than a day after strong fiscal third-quarter profit reports.

The search gave back cloud and mobile giant opened 91 points, or 10 percent, on the New York Stock Exchange, when the opening bell shook at 9:30 am ET.

However, despite the good round figure of four digits, doesn't mean everything too for the company. Companies valued by its figure of (in a rough sense) market capitalization.

At the time of writing, Google's market capitalization stood at $334 billion. In comparison, although Apple is currently trading at $508 action, its market capitalization is significantly higher at $462 billion.

On Thursday, Google reported third quarter better than expected results.

The internet giant reported a net income of $2.97 billion, or $6.53 the action. Despite the fall in prices of advertising, Google results were offset by a higher proportion of the ad-clickers.

In the last ten years, shares of Google has risen almost ten times of its initial public offering of $100 price action.

$GOOG at 10 am ET on Friday (image: Google Finance)

Zack Whittaker writes for CBS News, CNET and ZDNet. It is based in the city of New York.

Citrix slashes Q3 outlook; shares drop after hours

Summary: Citrix's CEO admitted disappointment but didn't shed light on any possible changes within the company except an earnings forecast change.

Citrix didn't do as well as it might have hoped during the third quarter of fiscal 2013, slashing the revenue and earnings outlooks two weeks ahead of the scheduled report date.

The new revenue forecast range $710 million to $712 million, down from previous guidance of $730 million to $740 million.

Non-GAAP earnings are now expected to fall between 68 and 69 cents per share, down from 72 to 73 cents per share.

Wall Street is still looking for earnings of approximately 73 cents per share on a revenue of $737.28 million.

As a result, shares dropped by approximately 12 percent in after hours trading.

Citrix CEO and president Mark Templeton admitted in prepared remarks that the company is "disappointed that we fell short of our expectations this quarter."

But he didn't offer any hints about potential changes within the company as a result, remarking "we remain confident in our strategy and markets," and that the focus will continue to be on "helping our customers leverage cloud services and business mobility to improve the security and agility of their IT infrastructure."

Citrix will publish final Q3 revenue and earnings figures on Wednesday, October 23 after market close.

Rachel King is a staff writer for ZDNet based in San Francisco.

Icahn takes to Twitter in pushing for Apple shares buyback plan

Summary: The American business magnate isn't keeping quiet about what he thinks the iPhone maker should do next.

American financier Carl Icahn fueled a media frenzy in August when he announced via Twitter that he was making a significantly larger investment in Apple.

He's back at it on the same social network, publicly airing the business-related topics of his dinner with Apple CEO Tim Cook last night.

The business magnate wrote on Tuesday that he and his investment empire "pushed hard for a 150 billion buyback."

That translates to a proposed $150 billion to be made available for Apple share repurchases.

According to Bloomberg, Icahn said the scheme is a "no brainer."

Icahn, who is no stranger to facing opposing interests given his months in a bitter battle with CEO Michael Dell, also hinted that the parties involved couldn't come to a resolution, noting that "We decided to continue dialogue in about three weeks."

Nevertheless, Wall Street appears to approve -- at least for now -- as Apple shares were up by approximately two percent as news of the meeting hit the wires this morning.

Given that the debacle over at Dell has been resolved to the point where it is moving ahead with going private, we can only expect to see more of Icahn's interest (and vast wealth) directed toward Cupertino.

At the time of his substantial investment and initial conversations with Cook about a buyback plan, Icahn described Apple as "extremely undervalued."

Rachel King is a staff writer for ZDNet based in San Francisco.