Slashdot Mirror
Google Faces Wall Street Revolt
Fred Flange wrote to mention a Times of London article, which explains a minor rebellion against GOOG on Wall Street. The company, which has always refused to offer guidance for its stock, is now being peppered with requests to do just that. From the article: "Sergey Brin and Larry Page, Google's founders and biggest shareholders, made plain in their listing prospectus that the company would reject many of the orthodox methods of doing business with Wall Street and instead adopt a mantra to encourage its employees to do good and not 'evil'. Other Wall Street analysts last night were also preparing reports that agreed with RBC, The Times has learnt. 'The time has come for Google to step into line,' one analyst said. 'It is in the interest of all shareholders, including the company's employees and officers, that the share price achieves some stability.'"
When they asked people to buy your stock they took their money. Now they need to grow up a touch and start acting like a real corporate entity. Although you are no longer getting your money from them, your stock price is determined by how the act. The last few weeks they have acted like a bunch of High school kids dropping hints, putting data on their website by accident, and making the market price of their stock take massive moves. One can't do this in a grown up world, give in Google and give us some nnumbers or at least clean up your outside look at the company. I havent touched their stock because i think its over valuated and because i see no stability in their actions.