The monthly number of internet searches in July reached an astounding . billion, a % increase over the number of searches conducted in July . To the delight of Googles competition, Google lost a portion of its market share. ComScore Media Metrix reported that Googles market share dropped to .% while both MSN and Yahoo improved. MSN saw the largest increase in search frequency in having million domestic searches, a % increase over July . As a result MSNs market share increased to .%. Yahoo ranked second with .% of the market share. Yahoo Search also ranked as the most popular toolbar search choice, obtaining percent of such searches. With a toolbar search option, a computer user can enter their search in a small window on their Web browser, regardless of what site they happen to be on, rather than having to go to a search Web site to run their query. Google's loss in market share generates a very important question to the average investor. Are Goolge's shares and the newly announced IPO overvalued? Google announced on Thursday that it plans to sell up to . million shares in an attempt to raise more than $ billion. The announcement sent the shares tumbling as investors are extremely wearing that the share value may be diluted as a result of the IPO. Google's shares are trading at times trailing earnings comparable to other Internet stars like Yahoo, which trades at times earnings and eBay which is valued at times earnings. The bottom line: Google's shares may be volatile in the short term but they definitely have huge potential for remarkable gains in the long-term.
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