bruce.armstrong wrote: Somebody just said it better than I did, and with more chops to say it:
Open Letter to Mark Zuckerberg, Sheryl Sandberg & Facebook Mobile
Having asked the Securities and Exchange Commission to declare its IPO effective as of 4:00 PM. Eastern time today, Google should be worth about $110 per share on its fiirst day of trading tomorrow, experts predict.
Google Inc.had net income of $143 million on sales of $1.35 billion in the first half of 2004.
Trading on the Nasdaq stock market under the symbol "GOOG" is expected to be vigorous, and futures contracts traded on the Web yesterday lead experts to predict a 59% chance that the shares will advance once trading starts.
Google began accepting bids on Friday for the 25.7 million shares of Class A common stock it is making available through its unusual electronic "Dutch auction." Depending on the final price (the range set is $108-135 for each share) Google's market value will tshortly emerge as being only just below that of rival Yahoo Inc.
Amazingly, for a company founded in just 1998, Google's market valuation will exceed that of both McDonald's Corp. and Sony Corp. and co-founders Sergey Brin and Larry Page (pictured) will become multimillionaires overnight.
Of the shares to be sold in Google's initial public offering of Class A common stock, 14,142,135 shares will be issued and sold by Google and 11,555,394 of the shares will be sold by the selling stockholders.
Bambi Franciso, of CBS MarketWatch, remarked: "If Google's IPO does go, it's actually good timing - at least compared to the past six weeks. Just in the nick of time, the Internet sector appears to be coming back to life.".
About Jeremy Geelan Jeremy Geelan is President & COO of Cloud Expo, Inc. and Conference Chair of the worldwide Cloud Expo series. He appears regularly at conferences and trade shows, speaking to technology audiences both in North America and overseas. He is executive producer and presenter of Cloud Expo's "Power Panels" on SYS-CON.TV.
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#8
fantabulous commented on 17 Aug 2004
i think i saw somewhere that its overall stake will increase to 4% but Yahoo already announced it will sell the Google shares to bolster its Q3 results. Plus Yahoo will forever be able to say Google''s ad technology is based on theirs!!
#7
Yoohah commented on 17 Aug 2004
Anyone remember how much stock Yahoo! - which was an early funder of Google - had? Was it 2%? How many shares did it just agree to give Yahoo! as settlement of that patent dispute? What percentage finally will end up in the hands of Yahoo! then?
#6
SECzzzzzzzzz commented on 17 Aug 2004
As 87dddT mentions, yes Google disclosed in a new filing Monday that the SEC has initiated an informal inquiry "into the company's issuance of stock and options to current and former employees."
But Brin/Page already indicated earlier this month that it may have violated several state laws by not formally registering these shares. They have factored it into the IPO plan. It'll be just fine, you'll see.
"We would contest vigorously any claim that a violation of the Securities Act (of 1933) occurred," they said in the SEC filing, conceding that if a court did find Google guilty of violating the act, it would be "required to repurchase the shares sold to purchasers in this offering at the original purchase price for a period of one year following the date of the violation." It's all there openly, in the SEC filing.
#5
Internet sector back to life? commented on 17 Aug 2004
Google already warned IPO investors that the price won't sky-rocket today like other hot technology issues in the late 1990s:
"As part of this auction process, we are attempting to assess the market demand for our Class A common stock and to set the size and price to the public of this offering to meet that demand," Google said in its IPO filing. "As a result, buyers should not expect to be able to sell their shares for a profit shortly after our Class A common stock begins trading."
#4
Goooooooogle commented on 17 Aug 2004
yes but Wall Street is mad about Google's IPO format and the protest about this is connected - other IPO companies make blunders like this but they're not reported as widely in the press.
#3
87dddT commented on 17 Aug 2004
I thought that they "may have" issued 23 million shares of stock to their own employees illegally?
Google's IPO is a PR event more than anything, just as their choice of Dutch Auction - a system that bypasses the fat-cat banks - was chosen for its publicity value.
fantabulous wrote: i think i saw somewhere that its overall stake will increase to 4% but Yahoo already announced it will sell the Google shares to bolster its Q3 results. Plus Yahoo will forever be able to say Google''s ad technology is based on theirs!!
Yoohah wrote: Anyone remember how much stock Yahoo! - which was an early funder of Google - had? Was it 2%? How many shares did it just agree to give Yahoo! as settlement of that patent dispute? What percentage finally will end up in the hands of Yahoo! then?
SECzzzzzzzzz wrote: As 87dddT mentions, yes Google disclosed in a new filing Monday that the SEC has initiated an informal inquiry "into the company's issuance of stock and options to current and former employees."
But Brin/Page already indicated earlier this month that it may have violated several state laws by not formally registering these shares. They have factored it into the IPO plan. It'll be just fine, you'll see.
"We would contest vigorously any claim that a violation of the Securities Act (of 1933) occurred," they said in the SEC filing, conceding that if a court did find Google guilty of violating the act, it would be "required to repurchase the shares sold to purchasers in this offering at the original purchase price for a period of one year following the date of the violation." It's all there openly, in the SEC filing.
Internet sector back to life? wrote: Google already warned IPO investors that the price won't sky-rocket today like other hot technology issues in the late 1990s:
"As part of this auction process, we are attempting to assess the market demand for our Class A common stock and to set the size and price to the public of this offering to meet that demand," Google said in its IPO filing. "As a result, buyers should not expect to be able to sell their shares for a profit shortly after our Class A common stock begins trading."
Goooooooogle wrote: yes but Wall Street is mad about Google's IPO format and the protest about this is connected - other IPO companies make blunders like this but they're not reported as widely in the press.
NasDAQ wrote: Google's IPO is a PR event more than anything, just as their choice of Dutch Auction - a system that bypasses the fat-cat banks - was chosen for its publicity value.
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Of the shares to be sold in Google's initial public offering of Class A common stock, 14,142,135 shares will be issued and sold by Google and 11,555,394 of the shares will be sold by the selling stockholders. 
Before embarking on using open source cloud technology for your web property, a basic understanding of cloud, as it’s used in the industry, is essential. While there might be exceptions, here are the definitions.
A software application delivered on the web instead of installing standa...
Businesses today generate billions of events or 100s of TBs of data in a month. These data contain valuable insights into customer behavior, key trends, buying patterns, etc. If these are successfully mined, they can lead to successful decision-making to maximize revenue and traffic fo...
Grid Dynamics, an eCommerce technology solutions company, and GridGain Systems, makers of an open source in-memory platform for Big Data processing, on Wednesday announced the expansion of their partnership which began in 2008.
Grid Dynamics provides personalization and big data solut...
Private clouds solve many problems for enterprises and bring unique operational challenges along with them. There are dozens of companies of all sizes that will build you a private cloud and turn over the keys – then what? Trying to convert a traditional enterprise IT operations team t...
The networking industry has gone through different waves over last 30+ years. In the ’80s, the first wave was all about connecting and sharing; how to connect a computer to other peripheral devices and other computers. There were many players who developed technology and services to ad...
If your organization already uses virtualized infrastructure, you are well on your way to providing IT as a Service. But as businesses demand faster results in today’s competitive market, organizations look to gain more benefits from cloud computing than just virtualized infrastructure...
