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Google Tries To Silence IPO Rumours
egoff writes "Google has put off an IPO for now, saying "Thus far, laziness has always won out. There are so many better things to do." The New York Post suggests that Google's focus on R&D doesn't really mesh with the financial accountability of a publicly traded company. However, many analysts believe a successfully Google IPO could rejuvenate Internet-company investments."
I think a lot of techies would jump at the chance to buy google stock. However, there's a lot to be said for the freedom that being private gives them. I'd hate to see google turn into a big Evil corporation...
BTW, I think I'm fp.
I did not design this game/I did not name the stakes/I just happen to like apples/And I am not afraid of snakes-AniD
However, many analysts believe a successfully Google IPO could rejuvenated Internet-company investments
And an unsuccessful Google IPO could make things worse.
With the war and the volitality of the market right now, I say "Stay Lazy for a While Longer, Google!"
Good quote, too many chars. Seriously, the slashdot 120 char limit sucks!
Google, amazon.com and pets.com, do something VERY well. Google does searching, amazon.com and pets.com sold pet stuff. One out of the two sales sites survived. Google doesn't have much in the way of multiple forms of revenue. They have a search appliance, yahoo-like searech contracts and ad services and possibly other minor services.
If inktomi comes around and does something better than google, google will turn over and die unless it can one-up inktomi.
Amazon survives because it sells physical things, and not services (contracts/licenses). It's also the bigger sales company. If you dont' buy a segway, it won't go out of biz. If you don't by electronics, it has other revenues in other areas of merchandise.
Google NOT IPO'ing has its strengths. No investors to try and please. Being public means you are even more watched than ever, since you now have shareholders. If one scandle comes about, GOGL (google) could tank.
Sometimes, it's easier to be a humble celebrity than a flashy one.
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ping -f 255.255.255.255 # if only
Remember those days when IBM and Cisco were selling at the IPO, where one little piece of paper like that would return you millions of dollars in your later years if you would have just bought it? WELL I DON'T! I'm only 20 for CwbyNeal's sake! Now-a-days you have penny stocks from companies that crumble like flies! Forgive me, I hear the calls of the bears in the horizon....
Seriously though, companies like Google are such amazing innovations that it's hard not to want just a small piece of it, yet at the same time there is so much corporate internet garbage flooding Wall St. that it makes you think twice.
Business \Busi"ness\, n.;
A scam in which all people involved perceive as beneficial...
I, for one, have believed Google will be going IPO for several months, between overzealous aggression against similiar domain names, patenting their search algorhythm, and other odd actions, I just don't know what to think anymore :( ... Good bye the Google we all used to love...
What does Google really sell?
Answers:
1. Intranet search appliances
2. Search hosting solutions
To be a successful publicly traded company, Google would need to sustain year-to-year growth, year after year, etc, etc. They are not selling the kinds of things which support that goal.
Personally I would keep Google privately held. What are they going to do with more capital, anyways?
MORTAR COMBAT!
Besides R&D costs and the market's focus on short term results, Google needs to remain private to retain its very employee-focused culture. See this long list of benefits for employees. Very impressive, but not costs that Wall Street analysts would have much patience for.
In a strong market, employees will see more potential upside to their stock, and will be willing to trade a great culture for riches. But today, Googlers are happy with a job, ecstatic with the free meals, and are willing to bank on the currency being valuable (maybe even worth more) later.