View Single Post
Old 11-11-2010, 04:17 AM  
Nicky
Judge Jury and Executioner
 
Nicky's Avatar
 
Industry Role:
Join Date: Mar 2003
Location: Sweden
Posts: 30,069
Quote:
Originally Posted by XSV View Post
Google closed at $622.88 Today, they sold way too early.

http://www.redorbit.com/news/educati..._google_stock/

"Stanford sold 184,207 of the shares -- about 10 percent of its stake -- for $15.7 million in Google's initial public offering in August 2004.

The big windfall came from a second sale early this year. Stanford won't say exactly when it sold the stock or for what price.

But the total gain of $336 million on Stanford's Google stock, confirmed by Katherine Ku, director of Stanford's Office of Technology Licensing, works out to an average price of $187 a share.

That's a little more than twice Google's initial trading price of $85 a share. But Stanford could have profited more richly: Google's stock has skyrocketed, closing Wednesday at $404.91.

Had Stanford waited until this week to sell its Google shares, it could have brought in more than $700 million."

And that clip is from 2005.

1,800,000 x 622.88 = 1,121,184,000.00
Yep my first thought too, a little fast on the sell trigger there
__________________

gfynicky @ gmail.com
Nicky is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote