Google Files to Sell 14.2 Million More Shares

dabug911 writes "Google Inc. on Thursday said it has filed with the Securities and Exchange Commission to sell 14.2 million shares of class A common stock, an offering worth more than $4 billion at Wednesday's closing stock price. Could they be getting the money together to finance all these rumors we keep reading about?"

Comments

21% profit margins are impressive

[ReformedExCon]

Google is profitable. Can they remain so?

Whether or not these dilute the current holdings, the company has a very nice financial profile. It will be interesting to see if they can keep profits up while they start to expand.

Re:Cafeteria

[pjkundert]

Remember, the cost of everything turns back into man-years of effort.

Wrong. But, it sounds so true, and so fair, and so, so... liberal

Proof: You spend 1 man-year acquiring a shovel and digging a ditch. I spend 364-man days designing, acquiring parts and building a back-hoe, and 1 day digging 100 times as much ditch.

You are claiming that these man-years are identical. They are clearly not, hence your premise is false, by reductio-ad-absurdium.

Marx argued that everyone deserved to own the means of production, equally. Lefties argue mostly the same thing -- that everyone is equal.

Capitalism is not the inverse of this (as most Lefties mis-interpret it). It declares that the capital (and means of production) should (and eventually will) flow to those most capable of using it efficiently; to produce a maximal, non-trivial result.

It may take generations, but this is generally true. My hope is that, finally, some individual or company will use their vast wealth-accumulation capacity to do someting so non-linear, so status-quo-shatteringly huge, that it will re-set the baseline, forever.

Entities such as Bill Gates, Google, Citigroup (and several others) have the capacity to raise a significant fraction of a Trillion dollars of liquid capital. Lets say that one of them actually decided to leverage that, again, to incent another space-race, but this time between free men and women, instead of governments (think Scaled Composites, tSpace, etc.)

Imagine if, in 10 years, they actually had a functional fleet on orbit, and processing facilities on the Lagrange points to begin processing megatons of Nickel/Iron/etc./etc. from the asteroid belt, and to collect and transmit Peta-Watt-Hours of electrical energy, per day, to ground collection stations.

Suddenly, they have transformed that several Billion dollars into orders of magnitude greater results than the same number of man-hours could have produced.

Because they were visionaries.

I propose that this is a fact: Every truly interesting result comes from a Visionary, not just plain old Worker.

The question is: are the founders (and now, the Directors) of Google visionary enough to do something truly remarkable with the wealth-accumulating power that they have very temporarily been blessed?