Google IPO - Shares to come out at $108 to $135 - GoFuckYourself.com

KRL · 07-26-2004, 01:11 PM

SAN JOSE, Calif. - Clarifying some of the details behind its highly anticipated stock offering, Internet search leader Google Inc. on Monday estimated its market value to be as high as $36 billion, rivaling corporate stalwarts such as McDonald's Corp. and Sony Corp.

The Mountain View, Calif.-based company said 24.6 million shares will be sold for an estimated $108 to $135 each, depending on the unusual auction Google plans to employ as early as next month, according to a regulatory filing.

That would mean that between $2.66 billion and $3.32 billion in stock would be sold in the initial public offering. However, the amount the company itself expects to raise is $1.66 billion, because some of the shares being offered are being sold by existing stockholders.

It would be the eighth largest IPO in history, ranking higher than most that took place during the dot-com boom of the 1990s. Unlike those companies, however, Google has consistently been profitable and has posted steep revenue increases.

Google, which is offering just 9 percent of its stock, would have a market capitalization between $29 billion and $36 billion, counting shares held by insiders. The average in the S&P 500 is $21.25 billion. Rival Yahoo Inc. has a market cap of nearly $38 billion.

Once trading of the shares begins on the Nasdaq Stock Market, Google expects to have the ticker symbol "GOOG."

Google shares will be distributed in an auction designed to give the general public a better chance to buy stock before shares begin trading. In the past, companies' IPO shares have been restricted to an elite group picked by investment bankers handling the deal.

Analysts expressed some surprise that the search behemoth ? given its "Do No Evil" mantra and its desire to democratize the IPO process ? is not going to split its stock to bring the price range down to levels more appealing to average investors.

"I think that's a little bit ridiculous," said Paul Barder, an analyst at Renaissance Capital in Greenwich, Conn. If individual investors have $100 they want to invest, "they're not even going to get a single share."

Google executives appear to be following in the footsteps of star businessman Warren Buffett , who has called splits a Wall Street gimmick. Class A stock of his Berkshire Hathaway Inc. has never split and it now trades at about $88,000 per share.

Google founders Larry Page and Sergey Brin, who created the company in a Stanford University dorm room in 1998, also stand to profit handsomely from the IPO along with its venture capital investors.

In the filing, Google said Page and Brin will each sell 1 million of their shares, generating about $117 million for each based on the midpoint of the company's range, $121.50 per share. They will still own more than $4.5 billion worth of stock each, and their preferred shares will carry more voting power than the stock traded publicly.

But John Doerr of Kleiner Perkins and Michael Moritz of Sequoia Capital stand to profit even more. Doerr will sell 2.1 million of his 21 million shares for an estimated $255 million; Moritz will shed 2.4 million of his 23.9 million shares for more than $290 million.

The stock offering also will provide a big payoff for Yahoo and America Online, which each were early investors in Google. Yahoo is selling 549,000 shares; AOL will unload 867,000, according to the filing. At $121.50 per share, Yahoo would collect $67 million, while AOL would reap $105 million.

Google's filing with the Securities and Exchange Commission gave an updated picture on the company's booming growth, fueled almost entirely by advertising linked to online searches.

For the three months ended June 30, Google earned $79.1 million, or 30 cents per share, compared with $32.2 million, or 12 cents per share, in the same period last year. Sales more than doubled, to $700 million in the latest period from $311 million last year.

In the first six months of 2004, the company earned $143 million, 54 cents per share, on revenue of $1.35 billion. In the comparable period last year, the company's profit was $58.0 million, 23 cents per share, on revenue of $560 million.

Google also reported that it had 2,292 employees as of the end of the second quarter, up from 1,907 at the end of the first.

Meanwhile, some Google users reported that the company's Internet site was generating error messages instead of search results Monday. David Krane, a Google spokesman, did not immediately return a phone call seeking comment.

Monday's document was the fourth revision of Google's IPO filing, which was first released in late April.

bluff · 07-26-2004, 01:15 PM

AVM · 07-26-2004, 01:15 PM

$120 a share seems very high.

fuzzylogic · 07-26-2004, 01:17 PM

that is high and i heard its a dutch auction process which will drive the prices higher

Nysus · 07-26-2004, 01:18 PM

I'd love to see where they get that $36 billion value from...

Cheers,
Matt

stocktrader23 · 07-26-2004, 01:23 PM

Quote:

Originally posted by Nysus
I'd love to see where they get that $36 billion value from...

Cheers,
Matt

It's explained in the first post?

Rick Latona · 07-26-2004, 01:33 PM

There is no way you could buy this stock and get a significant return on your investment. If you want to get in on an IPO with more upside I recommend SalesForce.com.

Rick Latona · 07-26-2004, 01:34 PM

Quote:

Originally posted by Nysus
I'd love to see where they get that $36 billion value from...

Cheers,
Matt

Matt,

That would be by taking the total outstanding shares issued and multiplying it by the stock price. ;)

DIH · 07-26-2004, 01:36 PM

wow its looking like it might be big on the first day I can easily see 200$ by the end of the day or the day after. reminds me of the good ol dot bomb days

Rick Latona · 07-26-2004, 01:38 PM

Quote:

Originally posted by DIH
wow its looking like it might be big on the first day I can easily see 200$ by the end of the day or the day after. reminds me of the good ol dot bomb days

It'll never happen. Those shares have been priced to maximize funds raised in the round. I'll bet anyone here 1000 dollars that the price closes at less than 150 dollars day 1.

Tom_PMs · 07-26-2004, 01:39 PM

So, buy at $108 and put in a sell order at $200. Could do that couldnt you and cash right out?

Seems nuts to me, but I can forsee a flurry of activity from this.

Dont know shit about stocks though, except I own some.

EviLGuY · 07-26-2004, 01:40 PM

Basically the reason the numbers dont seem to add up is.. that Google is only releasing about 10% of their shares. The other 90% are going to the founers and the venture cap people and google employees.

Their P/E is around the same as Yahoo's, once you crunch the numbers.

Rick Latona · 07-26-2004, 01:44 PM

Quote:

Originally posted by Tom_PM
So, buy at $108 and put in a sell order at $200. Could do that couldnt you and cash right out?

Seems nuts to me, but I can forsee a flurry of activity from this.

Dont know shit about stocks though, except I own some.

You couldn't buy the stock at 108 unless you've already cut that deal. Unless you have options or you have an account/relationship with one of the underwriting brokerage firms you can't buy the shares until they have all been sold at least once. In other words, if you aren't buying them from the underwriters you are buying them from a stock holder. That said, you could only buy them at 108 if the stock comes out trading flat or down which won't happen. My prediction, it closes the day at 133.

KRL · 07-26-2004, 01:54 PM

Quote:

Originally posted by Rick Latona
There is no way you could buy this stock and get a significant return on your investment. If you want to get in on an IPO with more upside I recommend SalesForce.com.

Agreed.

Manowar · 07-26-2004, 02:00 PM

Not worth it, at all.

scoreman · 07-26-2004, 02:03 PM

Google will have to execute flawlessly in the next five years after its IPO to justify these prices. I don't see it happening, there is too much competition in this market with Yahoo, Microsoft and even Amazon fighting it out. Is there really that much potential growth in the search market to justify a P/E of 110?

I know yahoo has a similar P/E but the 120 vs 28 price entry points per share is a big deal. This will likely be a volatile stock with both put and call buyers taking large positions.

Trafficbrokercom · 07-26-2004, 02:06 PM

the most disturbing news this week for me (besides the walking monkey) was that only 2% of google's 1900 employees are older than 30 ...

KRL · 07-26-2004, 02:12 PM

Quote:

Originally posted by Manowar
Not worth it, at all.

LOL that's what I said back in the 80's when my broker at the time wanted to know if I wanted to invest in a company call Microsoft.

I figured the software field would become a battlefield of companies dealing with constantly and rapidly advancing technologies and it would be hard for any single company to be the dominant player.

That was one of my biggest stock decision regrets ever.

Rick Latona · 07-26-2004, 02:14 PM

Quote:

Originally posted by KRL
LOL that's what I said back in the 80's when my broker at the time wanted to know if I wanted to invest in a company call Microsoft.

I figured the software field would become a battlefield of companies dealing with constantly and rapidly advancing technologies and it would be hard for any single company to be the dominant player.

That was one of my biggest stock decision regrets ever.

Yeah, but Microsoft had a very low valuation at that time. It isn't a fair comparison.

Gottis · 07-26-2004, 02:20 PM

This is good news for Google and those who got a deal. Everybody else got a good chance of actually losing money, should you trade the first day.

I can't see the stock staying above $100 that long either.

It will most definitely close somewhere around $130, as Rick said.

KRL · 07-26-2004, 02:23 PM

Quote:

Originally posted by scoreman
Google will have to execute flawlessly in the next five years after its IPO to justify these prices. I don't see it happening, there is too much competition in this market with Yahoo, Microsoft and even Amazon fighting it out. Is there really that much potential growth in the search market to justify a P/E of 110?

I know yahoo has a similar P/E but the 120 vs 28 price entry points per share is a big deal. This will likely be a volatile stock with both put and call buyers taking large positions.

True, but the stock market runs on emotion not logic and emotion doesn't know how to read numbers.

Rick Latona · 07-26-2004, 02:27 PM

UPS finally went public in the year 2000. Their stock was priced at everything they could get out of the public while the topic was hot. Take a hard look at their all data chart because Google's will look the same. Googles stock will be worth 133 dollars in 5 years, mark my word. It would be better to short it now then parlay it into a long hold in 2 years.

This is a UPS all data chart

P.S. Another strong comparison between UPS and Google is that UPS also dumped executive shares on the market at launch. I guarantee you that when the real owners dump their shares at the IPO the shares are priced at everything they can get. Buying this stock now would be a very big mistake.

FlyingIguana · 07-26-2004, 03:06 PM

Quote:

Originally posted by KRL
LOL that's what I said back in the 80's when my broker at the time wanted to know if I wanted to invest in a company call Microsoft.

I figured the software field would become a battlefield of companies dealing with constantly and rapidly advancing technologies and it would be hard for any single company to be the dominant player.

That was one of my biggest stock decision regrets ever.

can google do what microsoft did and create a monopoly? especially when microsoft is one of their competitors.

nowhere near the same situation, but people are always thinking they can find the next microsoft

scoreman · 07-26-2004, 03:08 PM

Quote:

Originally posted by KRL
True, but the stock market runs on emotion not logic and emotion doesn't know how to read numbers.

The investors you are describing above are not part of the smart money class of investors. Not saying that I am part of the smart money either, but one thing I do know is to get cautious when the herd all wants to move in one direction. History has shown time and again that the herd may move in the middle of a trend with force but gets chewed up horribly at the top and bottom.

FlyingIguana · 07-26-2004, 03:13 PM

Quote:

Originally posted by scoreman
The investors you are describing above are not part of the smart money class of investors. Not saying that I am part of the smart money either, but one thing I do know is to get cautious when the herd all wants to move in one direction. History has shown time and again that the herd may move in the middle of a trend with force but gets chewed up horribly at the top and bottom.

smart money? most institutional investors are nothing more than sheep

smart money comes from guys like buffet. very few mutual fund managers are worth toilet paper they wipe their ass with

Theo · 07-26-2004, 03:36 PM

Let's see

"between $2.66 billion and $3.32 billion in stock would be sold in the initial public offering"

"Google, which is offering just 9 percent of its stock, would have a market capitalization between $29 billion and $36 billion, counting shares held by insiders."

"In the first six months of 2004, the company earned $143 million"

So assuming google ends the year with $300mil profit, they'll have introduced shares of $2.66bil to $3.32bil and that will be just the 9% of their stock. I'll pass.

strobi · 07-26-2004, 04:00 PM

Anyone put any VC in google? Probably off to the bahames now

KRL · 07-26-2004, 04:18 PM

Quote:

Originally posted by FlyingIguana
smart money? most institutional investors are nothing more than sheep

smart money comes from guys like buffet. very few mutual fund managers are worth toilet paper they wipe their ass with

Yeh really. Smart money? Where? Who? A handful of true market wizards and that's all. Most institutional money guys are sheep too.

Buffett though isn't a wizard. He's even said so himself. His stock market philosophy is incredibly simple.

"I buy companies for less than they are worth, that sell products and services I understand, and then hold them forever."

Warren Buffett

Rodent · 07-26-2004, 05:05 PM

Problem is there is to few shares being offered. What 24million(half are the founders and other investors like aol and yahoo) That and the dutch auction to get mom and pops in on it, and what are they going to do when it drops 5-10$.......sell sell sell(with not many open shares on the market it will impact it pretty quick) and that stock will be sub 100 in a month or two as they dont want to watch their money be pissed away like the dot bomb. Just a guess. All this is for is to get a bigass return to the founders and the early investors, its not like they need the money(as a company).

FlyingIguana · 07-26-2004, 05:38 PM

Quote:

Originally posted by KRL
Yeh really. Smart money? Where? Who? A handful of true market wizards and that's all. Most institutional money guys are sheep too.

Buffett though isn't a wizard. He's even said so himself. His stock market philosophy is incredibly simple.

"I buy companies for less than they are worth, that sell products and services I understand, and then hold them forever."

Warren Buffett

he has a very good eye for value. you don't get to be in the to 5 of the richest people without being very smart.

there's people with better track records, but they're typically investing less money. gets harder when you're running a multi billion dollar portfolio of companies.

Nysus · 07-26-2004, 07:02 PM

Quote:

Originally posted by Rick Latona
Matt,

That would be by taking the total outstanding shares issued and multiplying it by the stock price. ;)

Smart ass!

Cheers,
Matt

TheJimmy · 07-27-2004, 09:25 AM

Quote:

Originally posted by scoreman
The investors you are describing above are not part of the smart money class of investors. Not saying that I am part of the smart money either, but one thing I do know is to get cautious when the herd all wants to move in one direction. History has shown time and again that the herd may move in the middle of a trend with force but gets chewed up horribly at the top and bottom.

my father who used to trade for a living used to refer to that as 'pigs going to slaughter' or something of the sort...

lately he's been trying to talk me into learning more about point & figure charting...as soon as I get some spare cash I think I'm gonna start playing...seems much more fun than buying clicks

Techie Media · 07-27-2004, 10:04 AM

KRL, best thread I've read in a long time

boneprone · 12-11-2007, 11:34 PM

Quote:

Originally Posted by AVM

$120 a share seems very high.

Yeah Way too high.....

boneprone · 12-11-2007, 11:38 PM

Quote:

Originally Posted by Trafficbrokercom

the most disturbing news this week for me (besides the walking monkey) was that only 2% of google's 1900 employees are older than 30 ...

Im sure a lot of them are over 30 now.

And a lot richer.

SomeCreep · 12-11-2007, 11:47 PM

Lol, great bump

SmokeyTheBear · 12-11-2007, 11:47 PM

Quote:

Originally Posted by Rick Latona

Googles stock will be worth 133 dollars in 5 years, mark my word. .

i have it marked

they must be up for a HUGE stock drop pretty soon now eh

TonyL · 12-11-2007, 11:49 PM

hahah best bump EVER haha

Trax · 12-12-2007, 12:22 AM

hehe... nice bump

AllStar · 12-12-2007, 01:02 AM

Yeah kinda hard to see the future.
The best part of it is KRL's post about Microsoft...DOOHHHHH

Shaze · 12-12-2007, 01:08 AM

oh man....this is classic...some of the posts should be embarrassing to the posters

FeedAM · 12-12-2007, 03:13 AM

awesome, but never heard of them.

fuzzylogic · 12-12-2007, 03:48 AM

Quote:

Originally Posted by Rick Latona

Buying this stock now would be a very big mistake.

gfy wisdom at it's best

Iron Fist · 12-12-2007, 03:53 AM

Google stock will never go over $1000 a share.... mark my words.

HeadPimp · 12-12-2007, 06:37 AM

I know Google has blow up since its IPO, but I still think it is over valued. Honestly right now who cares when there are so many A grade financials that beat up and cheap right now?

tranza · 12-12-2007, 06:46 AM

Who bumped this?

justFred · 12-12-2007, 06:53 AM

Quote:

Originally Posted by tranza

Who bumped this?

boneprone, as identified by the 40 month gap between his post and the last.

07-26-2004, 01:11 PM	#1
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	Google IPO - Shares to come out at $108 to $135 SAN JOSE, Calif. - Clarifying some of the details behind its highly anticipated stock offering, Internet search leader Google Inc. on Monday estimated its market value to be as high as $36 billion, rivaling corporate stalwarts such as McDonald's Corp. and Sony Corp. The Mountain View, Calif.-based company said 24.6 million shares will be sold for an estimated $108 to $135 each, depending on the unusual auction Google plans to employ as early as next month, according to a regulatory filing. That would mean that between $2.66 billion and $3.32 billion in stock would be sold in the initial public offering. However, the amount the company itself expects to raise is $1.66 billion, because some of the shares being offered are being sold by existing stockholders. It would be the eighth largest IPO in history, ranking higher than most that took place during the dot-com boom of the 1990s. Unlike those companies, however, Google has consistently been profitable and has posted steep revenue increases. Google, which is offering just 9 percent of its stock, would have a market capitalization between $29 billion and $36 billion, counting shares held by insiders. The average in the S&P 500 is $21.25 billion. Rival Yahoo Inc. has a market cap of nearly $38 billion. Once trading of the shares begins on the Nasdaq Stock Market, Google expects to have the ticker symbol "GOOG." Google shares will be distributed in an auction designed to give the general public a better chance to buy stock before shares begin trading. In the past, companies' IPO shares have been restricted to an elite group picked by investment bankers handling the deal. Analysts expressed some surprise that the search behemoth ? given its "Do No Evil" mantra and its desire to democratize the IPO process ? is not going to split its stock to bring the price range down to levels more appealing to average investors. "I think that's a little bit ridiculous," said Paul Barder, an analyst at Renaissance Capital in Greenwich, Conn. If individual investors have $100 they want to invest, "they're not even going to get a single share." Google executives appear to be following in the footsteps of star businessman Warren Buffett , who has called splits a Wall Street gimmick. Class A stock of his Berkshire Hathaway Inc. has never split and it now trades at about $88,000 per share. Google founders Larry Page and Sergey Brin, who created the company in a Stanford University dorm room in 1998, also stand to profit handsomely from the IPO along with its venture capital investors. In the filing, Google said Page and Brin will each sell 1 million of their shares, generating about $117 million for each based on the midpoint of the company's range, $121.50 per share. They will still own more than $4.5 billion worth of stock each, and their preferred shares will carry more voting power than the stock traded publicly. But John Doerr of Kleiner Perkins and Michael Moritz of Sequoia Capital stand to profit even more. Doerr will sell 2.1 million of his 21 million shares for an estimated $255 million; Moritz will shed 2.4 million of his 23.9 million shares for more than $290 million. The stock offering also will provide a big payoff for Yahoo and America Online, which each were early investors in Google. Yahoo is selling 549,000 shares; AOL will unload 867,000, according to the filing. At $121.50 per share, Yahoo would collect $67 million, while AOL would reap $105 million. Google's filing with the Securities and Exchange Commission gave an updated picture on the company's booming growth, fueled almost entirely by advertising linked to online searches. For the three months ended June 30, Google earned $79.1 million, or 30 cents per share, compared with $32.2 million, or 12 cents per share, in the same period last year. Sales more than doubled, to $700 million in the latest period from $311 million last year. In the first six months of 2004, the company earned $143 million, 54 cents per share, on revenue of $1.35 billion. In the comparable period last year, the company's profit was $58.0 million, 23 cents per share, on revenue of $560 million. Google also reported that it had 2,292 employees as of the end of the second quarter, up from 1,907 at the end of the first. Meanwhile, some Google users reported that the company's Internet site was generating error messages instead of search results Monday. David Krane, a Google spokesman, did not immediately return a phone call seeking comment. Monday's document was the fourth revision of Google's IPO filing, which was first released in late April. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

07-26-2004, 01:15 PM	#2
bluff Too lazy to set a custom title Join Date: Jan 2004 Location: Bluffville Posts: 6,253	:-)

07-26-2004, 01:18 PM	#5
Nysus Confirmed User Industry Role: Join Date: Aug 2001 Posts: 7,817	I'd love to see where they get that $36 billion value from... Cheers, Matt __________________ What name is pr0 / Untouched Markets using these days? Untouched Markets - pr0 - Refund My Money Now Someone owes me $2,000 because they didn't do any work that was paid for pointing at pr0 / William / UntouchedMarkets See https://gfy.com/fucking-around-and-business-discussion/948258-untouchedmarkets-pr0-refund-money-post16744521.html and for more detailed see https://gfy.com/fucking-around-and-business-discussion/948645-re-recent-bullshit-drama-explained-detail-pr0-untouched-markets.html

07-26-2004, 01:33 PM	#7
Rick Latona The Best Ideas Start Here Join Date: Dec 2002 Location: Atlanta Posts: 6,037	There is no way you could buy this stock and get a significant return on your investment. If you want to get in on an IPO with more upside I recommend SalesForce.com. __________________ Regards, Rick Latona http://latonas.com Latona's - We Sell Money Making Web Properties Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know.

07-26-2004, 01:36 PM	#9
DIH Confirmed User Join Date: Jul 2004 Location: Cleveland Posts: 263	wow its looking like it might be big on the first day I can easily see 200$ by the end of the day or the day after. reminds me of the good ol dot bomb days __________________ My Sig is For Sale Only $.00000000000000001 Per click... OBO

07-26-2004, 01:15 PM	#3
AVM Confirmed User Join Date: Feb 2004 Location: South Florida. Posts: 1,890	$120 a share seems very high.

07-26-2004, 01:17 PM	#4
fuzzylogic Confirmed User Join Date: Jun 2004 Location: buffalo, las vegas. icq: 285808879 Posts: 4,796	that is high and i heard its a dutch auction process which will drive the prices higher

07-26-2004, 01:39 PM	#11
Tom_PMs Confirmed User Join Date: Jun 2004 Posts: 2,049	So, buy at $108 and put in a sell order at $200. Could do that couldnt you and cash right out? Seems nuts to me, but I can forsee a flurry of activity from this. Dont know shit about stocks though, except I own some. __________________ You've read it, you can't unread it.

07-26-2004, 01:40 PM	#12
EviLGuY So Fucking Banned Join Date: Apr 2003 Location: malta Posts: 12,745	Basically the reason the numbers dont seem to add up is.. that Google is only releasing about 10% of their shares. The other 90% are going to the founers and the venture cap people and google employees. Their P/E is around the same as Yahoo's, once you crunch the numbers.

07-26-2004, 02:00 PM	#15
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	Not worth it, at all.

07-26-2004, 02:03 PM	#16
scoreman Confirmed User Join Date: Nov 2001 Location: Miami, Florida Posts: 1,491	Google will have to execute flawlessly in the next five years after its IPO to justify these prices. I don't see it happening, there is too much competition in this market with Yahoo, Microsoft and even Amazon fighting it out. Is there really that much potential growth in the search market to justify a P/E of 110? I know yahoo has a similar P/E but the 120 vs 28 price entry points per share is a big deal. This will likely be a volatile stock with both put and call buyers taking large positions. __________________

07-26-2004, 02:06 PM	#17
Trafficbrokercom Confirmed User Join Date: Dec 2002 Posts: 542	the most disturbing news this week for me (besides the walking monkey) was that only 2% of google's 1900 employees are older than 30 ... Last edited by Trafficbrokercom; 07-26-2004 at 02:07 PM..

07-26-2004, 02:20 PM	#20
Gottis Confirmed User Join Date: May 2004 Location: VIP NO ID Posts: 1,746	This is good news for Google and those who got a deal. Everybody else got a good chance of actually losing money, should you trade the first day. I can't see the stock staying above $100 that long either. It will most definitely close somewhere around $130, as Rick said.

07-26-2004, 02:27 PM	#22
Rick Latona The Best Ideas Start Here Join Date: Dec 2002 Location: Atlanta Posts: 6,037	UPS finally went public in the year 2000. Their stock was priced at everything they could get out of the public while the topic was hot. Take a hard look at their all data chart because Google's will look the same. Googles stock will be worth 133 dollars in 5 years, mark my word. It would be better to short it now then parlay it into a long hold in 2 years. This is a UPS all data chart P.S. Another strong comparison between UPS and Google is that UPS also dumped executive shares on the market at launch. I guarantee you that when the real owners dump their shares at the IPO the shares are priced at everything they can get. Buying this stock now would be a very big mistake. __________________ Regards, Rick Latona http://latonas.com Latona's - We Sell Money Making Web Properties Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know. Last edited by Rick Latona; 07-26-2004 at 02:29 PM..

07-26-2004, 03:36 PM	#26
Theo HAL 9000 Industry Role: Join Date: May 2001 Posts: 34,515	Let's see "between $2.66 billion and $3.32 billion in stock would be sold in the initial public offering" "Google, which is offering just 9 percent of its stock, would have a market capitalization between $29 billion and $36 billion, counting shares held by insiders." "In the first six months of 2004, the company earned $143 million" So assuming google ends the year with $300mil profit, they'll have introduced shares of $2.66bil to $3.32bil and that will be just the 9% of their stock. I'll pass.

07-26-2004, 04:00 PM	#27
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	Anyone put any VC in google? Probably off to the bahames now

07-26-2004, 05:05 PM	#29
Rodent Confirmed User Join Date: Mar 2001 Location: ReliableServers.Com Posts: 1,462	Problem is there is to few shares being offered. What 24million(half are the founders and other investors like aol and yahoo) That and the dutch auction to get mom and pops in on it, and what are they going to do when it drops 5-10$.......sell sell sell(with not many open shares on the market it will impact it pretty quick) and that stock will be sub 100 in a month or two as they dont want to watch their money be pissed away like the dot bomb. Just a guess. All this is for is to get a bigass return to the founders and the early investors, its not like they need the money(as a company). __________________ Choopa.com Colocation \| Cloud Servers \| Dedicated Servers \| CDN 1000 Gbps Network \| NJ DataCenters

07-27-2004, 10:04 AM	#33
Techie Media Confirmed User Industry Role: Join Date: Jan 2001 Posts: 3,092	KRL, best thread I've read in a long time __________________ sales [AT] techiemedia.com

12-11-2007, 11:47 PM	#36
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	Lol, great bump __________________ Webair Hosting I use and recommend Webair for hosting.

12-11-2007, 11:49 PM	#38
TonyL Confirmed User Join Date: Feb 2002 Location: "A measure of a man is his post count". Write that down. Posts: 900	hahah best bump EVER haha

12-12-2007, 12:22 AM	#39
Trax [----------------------] Join Date: Aug 2001 Posts: 14,486	hehe... nice bump

12-12-2007, 01:02 AM	#40
AllStar Confirmed User Join Date: Feb 2006 Posts: 461	Yeah kinda hard to see the future. The best part of it is KRL's post about Microsoft...DOOHHHHH __________________ WWW.allstarcontent.com Killer Content

12-12-2007, 01:08 AM	#41
Shaze Confirmed User Join Date: Oct 2003 Location: Cyberspace Posts: 2,662	oh man....this is classic...some of the posts should be embarrassing to the posters __________________ Adult Search Engine Japanese Porn Thai Porn

12-12-2007, 03:13 AM	#42
FeedAM Registered User Join Date: Apr 2007 Location: FeedAM.com Posts: 64	awesome, but never heard of them. __________________ Swingers Lifestyle Personals

12-12-2007, 03:53 AM	#44
Iron Fist Too lazy to set a custom title Join Date: Dec 2006 Posts: 23,400	Google stock will never go over $1000 a share.... mark my words. __________________ i like waffles

12-12-2007, 06:37 AM	#45
HeadPimp Bad Mo-Fo Industry Role: Join Date: Jul 2001 Location: Seattle, WA Posts: 2,772	I know Google has blow up since its IPO, but I still think it is over valued. Honestly right now who cares when there are so many A grade financials that beat up and cheap right now?

12-12-2007, 06:46 AM	#46
tranza ICQ: 197-556-237 Join Date: Jun 2003 Location: BRASIL !!! Posts: 57,559	Who bumped this? __________________ I'm just a newbie.