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Google IPO Problems Surface

Posted by michael on from the here-come-the-lawsuits dept.

manavendra writes "The BBC is reporting that Google has admitted it may have breached stock market laws in the US, while CNET says Google may have run afoul of securities laws when it doled out millions of shares to employees and consultants over the past three years, according to a document filed Wednesday with the Securities and Exchange Commission."

4 of 235 comments (clear)

  1. Re:The real story is the media interest by PMuse · · Score: 1, Redundant

    The real story here is ... that the Google teflon is wearing thin in the media.

    Media, schmedia. We like Google here at Slashdot. Therefore, this is no big deal.

    Had the culprit been some one else (such as Microsoft, Real, SCO, any RIAA label, or George Lucas, whom we don't like), then this would have been a crime of epic proportions.

    --
    "We reject as false the choice between our safety and our ideals." --The American President (20.1.2009)
  2. Google IPO by The_Mystic_For_Real · · Score: 0, Redundant
    The google IPO is just a mess and I wouldn't touch it with a ten foot pole.

    This is a revival of the doomed to fail *.com IPOs and was a huge mistake for google. They were a steadily profitable company that was well respected. Now they are going to lose a lot of money when their stock goes way down due to the horrible over valuation of their stock. It has a PE of ~110. This predicts that a loss of 90%would not to an unbelievable situation (although something for along the lines of 25-50% seems more likely).

    Now Google is a slave to Wall Street and will have to cut out anything that investors don't approve of and add in anything that it wants. Google claims it wants to focus on the long term. They are naive to think that they won't have to shuffle all their finances at the end of the quarter just to meet an artificial earnings expectation or risk having their stock price drop.

    I have never held a share of a *.com for more than two weeks. In 1998 I was making half of what everyone else did. Now a lot of people are trying to salvage what they can from their portfolio while I'm still making similar money to what I did in the 90s.

    --

    _____

    Thank you.

  3. Ok, let's start counting search nodes... by stienman · · Score: 1, Redundant


    Ok, let's start counting search nodes to see whether Google is loved today:

    Slashdot loves Google
    Slashdot loves Google not
    Slashdot loves Google
    Slashdot loves Google not
    Results 1 - 10 of about 8,610 for slashdot loves google. (0.23 seconds)

    Hrm. Even number of results. Therefore, today, Slashdot loves Google not.

    Maybe tomorrow will be better, but I guess it depends on when they next update the index.

    -Adam

  4. Re:Mod Parent up... by wickersty · · Score: 0, Redundant

    Yea - approximately 9,999 of them...