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Google Cancels Spring IPO

Posted by Hemos on from the or-have-they dept.

securitas writes "Google fans and potential investors will be disappointed to learn that they must wait a while longer before they can own a piece of Google. The Times of London's James Doran reports that Google's IPO plans are on hold. CEO Eric Schmidt appears to think that market conditions are not right. When pressed for details about the delayed IPO, Schmidt said, "An IPO is not on my agenda right now." A commentary about the delayed Google IPO follows. Mirror at Australian IT."

10 of 246 comments (clear)

  1. Oh Darn... by DarkHelmet · · Score: 4, Funny

    Instead of getting my free advertising stock benefit with google, I think I'll just buy some more Krispy Kreme and get another free box of doughnuts.

    --
    /^[A-Z0-9._%+-]+@[A-Z0-9.-]+\.[A-Z]{2,4}$/i
  2. hmmmm by graveyardduckx · · Score: 4, Funny

    well if google hasn't gone public yet, can I invest in booble?

    1. Re:hmmmm by LDorman · · Score: 2, Funny

      The Superbowl Halftime show has already bought it...

      --
      Bush makes our troops prey...
  3. Re:Bravo Google by TwistedSquare · · Score: 2, Funny

    Spot on! Yeah this can be modded redundant all you like, but I agree with that guy totally ^^^^^

  4. Re:ugh by martingunnarsson · · Score: 3, Funny

    Fill another swimming pool?

    --
    Martin
  5. M$ will never duplicate this technology by pjones · · Score: 4, Funny

    http://www.google.com/technology/pigeonrank.html
    I can say no more the links speaks for itself.

    --
    Certified Black Helicopter Pilot *** Unwitting Dupe of One World Gov'ment
  6. Re:Of course a skeptical person.... by happystink · · Score: 2, Funny

    Yeah, I don't think google can scale very well, I mean it's all very well when they have maybe a half dozen people using them per hour like now, running off a few servers in their backroom, but wait till they want to really get some people in.

    --

    sig:
    See the "..for smart people" banners Wired runs here? Look elsewhere guys.

  7. First time! by AmoebafromSweden · · Score: 2, Funny

    This is the first time we can thank SCO for anything!!!

  8. Don't worry everyone by sdcharle · · Score: 3, Funny

    There are still plenty of other ways to lose your shirt in the stock market.

  9. yanking their (our?) chains by Peridyd · · Score: 2, Funny
    Sounds like a prescription for keeping potential investors salivating:
    1. start rumors of an IPO
    2. deny the rumors while alluding to the fact that your company's position is so cash-rich that you don't need to go public (thereby keeping investors very, very interested)
    3. go public later in the year with an inflated P/E ratio, just like the good ol' days back in the '90s.
    4. make boat-loads of $$