Google (GOOG) Up 2% And It Has A Boatload Of Cash

Google Inc. (Nasdaq: GOOG) is trading up 2% to $540 in the after-hours session after reporting Q3 results. Google did note that is has $22 billion in cash including expected stock compensation of $1.2 billion in 2009.

If you remember Google gave employees an opportunity to redo their stock options several months ago as Google languished in the $200 to $300 price range. Those employees must be all smiles these days, except Google Inc. did say that it reduced its full-time headcount by 121.