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Google Announces Nasdaq Float
cycleburner writes "The Financial Times reports that Google will list its shares on the Nasdaq stock market, ending months of speculation over whether the world's most used internet search engine would pick Nasdaq or its larger rival, the New York Stock Exchange. Apparently: 'Winning the Google listing is a big victory for Nasdaq, whose dominance of trading in technology stocks has come under concerted attack from the NYSE. Google's likely stock market value has been estimated by some analysts at more than $40bn, a level that would turn it overnight into one of the 10 most valuable US tech companies.' Reuters/ABC News has more information on the announcement."
Of course, if they were really focused on doing things the right way, they'd insist upon YEARLY filing of profit/loss statements instead of QUARTERLY- that being the main problem I've ever seen with going public (suddenly your investors, most of whom are complete computer illiterates and PHBs, expect you to turn a profit in three months on a project that takes six).
SJW: a person who perceives an injustice, and while correcting it, commits a greater injustice.
top 10? with only 40b?
ebay
that's doubtful
microsoft
cisco
ibm
hp
dell
intel
oracle
sap
nokia
all above 40b, i'm sure.
Next thing they'll know they'll have a bunch of PHBs wondering why GMail has yet to turn a profit. Or worse yet, killing GMail because it hasn't turned a profit in the last three months, which is about how far a PHB focused on stock price can see.
SJW: a person who perceives an injustice, and while correcting it, commits a greater injustice.
What's the deal with Google shares. Is it possible for the average Joe with some money to buy some of this float? How much is it? I couldn't work it out when I was looking a few months ago.