Yippee! That's really great news that the Google has gone public. They're also listed as the Number One Search Company in the World in the article. I wonder how much longer that will be true. Yahoo is catching up quick. There results are getting better and better and their index is getting larger and larger since February. In two months they've made their search almost as good as Google's. Plus Yahoo is about the money and they never pretended to be anything else.
Here was something I saw on Yahoo concerning the IPO: The Google IPO filing reports a Proposed Maximum Aggregate Offering Price of: $ 2,718,281,828 The value of the natural log e is 2.71828183. Those guys are quite a bunch of kidders :)
yeah. nothing like the humor of mathemeticians about to become millionaires. if nothing else all the employees will be rich in no time because of this ipo.
Now they can "Not do Evil" with even more money in their pockets ;)
With the price set on the stock offering the market capitalization of the company could be from 36 Billion upwards to 80 Billion depending on if the stock doubles in aftermarket trading. That market cap would put Google in the catagory of SONY or McDonalds as far as value is concerned. http://www.eweek.com/article2/0,1759,1628254,00.asp http://www.searchwars.squarespace.com/display/ShowPage?moduleId=19609 But some think it is all hype, see the above links.
Edwin, do me a favor and find a new story to post in your open, that story has expired, thank you.
We'll pass that along to the slumbering Edwin.. Clean up your expired links, boy! LOL.
man that is one big market cap! one problem: google derives almost all of its income from advertising. that means they should be valued like a media company. but they are valued way higher than that.
It seems that almost everyone thinks the price is too high. There are only 21 companies now trading for over $108. They are mighty optimistic about their prospects. They only grew 7% in revenue for the last quarter, so the big growth may have already ended.
no one is excited!
I also read that they might be in trouble for illegally selling shares within the company. Here is the news story from Forbes. [url]http://www.forbes.com/technology/ebusiness/feeds/ap/2004/08/05/ap1492231.html[/url] Interesting stuff. RUN FOR THE HILLS!!!
It's all adding up to be a problem for them. They don't have much momentum going into this IPO.
Have a feeling that there will be a lot of bagholders out there after this one! I'll watch patiently on the sidelines.
What's the chance the stock is worth over $100 based on fundamentals? Some of the people who got the $23 million have stock options at 30 cents each. How long do you think it will take them to sell at $100 plus with a cost of 30 cents?
i dont think anyone is gonna buy this! cnn had a lot of bad news on the ipo this week.
I am going to get the entire company for free now EZ!!! They are going to give me and you the entire company for 1,000 dollars. They could pull the offer completely and put it back on the table down the road when the market is in better shape. Now is not a good time to go public for any company. Google created their own mess with this by being greedy and power hungry, no one is falling for it, nobody wants class "B" shares with no voting power. I say they junk the entire scam (two classes of shares, one for Larry and Sergey, and one for everyone else) the dutch auction was a scam from the start to get the shares in the hands of "so called dumb sheep" to keep the stock from dropping. Google's problem is that there are not enough dumb folks out there, they better quit thinking that they are the only "smart people" in the world, because they are NOT...... 8O 8O 8O 8O 8O
Hallehlujah.. or however you spell it..
Even the devils believe and they tremble, Brigid you did not have to give praise on your 666 post, did you? :twisted: :twisted: :twisted:
do no evil!
Pure coincidence.. or maybe it was a brain implant? Do no evil..
I am starting to think you and EZ are in a conspiracy against me Brigid 8O 8O 8O
why would we bother?
..not me.. involved in a Conspiracy.. Swear..
UPDATE August 9th, 2004 http://www.msnbc.msn.com/id/5648662/ You need to gang up on me to defeat me, your side can not win any other way EZ 8O 8O 8O 8O
I won't buy a single share of this crap.
Even more bad news.. [url]http://biz.yahoo.com/rb/040809/tech_yahoo_google_3.html[/url] What is evil, BTW? :evil:
That is good news for Google Brigid, if they did not settle this lawsuit they would have been subject to being put out of business. 8O 8O 8O 8O
http://www.thestreet.com/_yahoo/tech/georgemannes/10177217.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
It may be "good" news because it is getting settled and all, but in the days before the IPO any news that is just being disclosed sort of makes them look shifty. Especially with such a "unique" auction style.. Why can't they try to be normal, for once? This is just my opinion, and should be noted as such.
Google needs to drop the IPO Period, since it is such a disaster right now. They should have done a conventional offering with one class of shares. You did note that Yahoo demanded class "A" shares in the settlement, not the crap Google is offering the public. Maybe they should wait a year, but really can't since M$, IBM and Yahoo are coming after them. They need to cash out now, before it is too late for their original investors, a lot of pressure behind the scenes Brigid!!!
No kidding. They are also trying to get the underwriters to restructure this train wreck, and they are also trying to postpone it to late August/ early September.. maybe in hopes that investors are going to drum up some interest (and some cash) before then. You already know how I feel about adding this one to my portfolio..
If I would have bought M$ in 1986 (I was going through some old files and came across their 1986 annual report) instead of the penny stocks I got ripped off on, I would be worth 100 Million today. Goes to show that the wrong investments make you poor, but the right ones can enable retirement from working the rest of your life. Needless to say, I could use a job Oneill :lol: :lol: :lol: :lol: :lol: :lol:
So you'll be buying shares then?
Yes, when they open up and drop to $7.00 like Yahoo did when Yahoo went from $400.00 to $7.00 in the last internet bubble! I will get Oneill to loan me the money :lol: :lol: :lol: :lol: :lol: :lol:
It will be fun to watch, if nothing else. I will be sitting on the sidelines.. watching the bagholders..
You do not have to buy a stock to make money, if you would have taken a short position on Yahoo when it was over $400.00 and covered your short position at $7.00 you could have made a fortune as the stock dropped. But mostly that is a professional traders tactic.
because of the dutch auction it will be impossible to short shares
[url=http://www.thestreet.com/tech/georgemannes/10177217.html]More Bad News[/url] That's another $350 million right off the top for potential bag-holders. Last one out of the pool gets the turds :)
Shorting is tricky. I don't like betting on stocks to drop. It seems unnatural to me. I know this is a way to make a lot of money on the market, but I don't think I have the nerve to do it. If I did, I know what stock I would short. It wouldn't be G00G.
Not true EDZEP, after the shares start trading in the stock market they can be shorted or purchased long. Once a stock starts trading freely it will be subject to short trading, the only way a stock can not be shorted is if there are no shares available to borrow. A short sale is where you need a margin account, then you borrow the shares from your broker, sell them in the open market and replace the same amount of shares later (covering your short positon means replacing the borrowed shares to your broker). The only rule is that a stock can not be shorted on a downtick, you must take a short positon on a uptick. In addition to shorting stocks one could always buy a put option, trading options is something that requires a bit of study.
http://news.com.com/Weak+demand+behind+Google+price+cut/2100-1038_3-5315347.html?tag=html.alert Google has cut the price range of the IPO offering, they also cut the amount of shares to be sold, supply and demand are a big problem for the offer at this time. No demand, too much stock to try to sell, they revised the offer for these reasons.
yeah that is some real bad news.