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Updated from 6:13 a.m. EST
SAN FRANCISCO -- Just three months ago, shares of Internet giant Google(GOOG Quote) were prancing around $750, even amid heightened fears of a recession.
The hyper-growth company was thought to be mostly immune to any economic downturn. Credit Suisse, for example, raised not a single eyebrow when the firm raised its price target on the stock to $900 from $800 on Nov. 20.
One quarter and a subprime crisis later, the stock trades a few dollars above $500, stirring speculation that Google's selloff -- it has sunk 31% from its 52-week high of $747.24 -- might be nearing its trough. ...
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