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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."

2 of 246 comments (clear)

  1. where do they get that kind of money by Saeed+al-Sahaf · · Score: -1, Redundant
    Wow, where do they get that kind of money? Surely not the ads...

    Cocaine. Crack cocaine. Blow.

    --
    "Who are in control, they are not in control of anything - they don't even control themselves!" - Glen Beck
  2. the evil element in the triangle. by cabazorro · · Score: -1, Redundant

    A public company has 3 main elements:
    The customer
    The employees
    The Shareholders
    This last element is the evil one
    Why?
    The shareholder don't give a shit about customers (selling crap? that's okay)
    The shareholder don't give a rat ass about employees (India, Taiwan, Brazil, who cares?)
    The shareholder wants profit and ANY mean justifies the goals.
    There's an excellent article in the NYT on Bill Gates vs. Google
    Making Google public makes the it an easy prey for Gates
    Hold the millions Google! The best things in life are priceless

    --
    - these are not the droids you are looking for -