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Google Files to Sell 14.2 Million More Shares

CmdrTaco posted more than 9 years ago | from the thats-a-whole-lotta-moolah dept.

Google 407

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?"

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This Just In! (5, Funny)

Oculus Habent (562837) | more than 9 years ago | (#13349591)

Google has announced plans to buy NASA from the United States government. In a press release sent out this morning by Nathan Tyler, Google indicated the need for better, more direct access to the data it manages.

In a brief interview this afternoon, Tyler had this to say:

"I mean, after Maps [maps.google.com] and Earth [Google Earth], it was pretty blatant where we were going. Everyone on campus was asking, 'When are we buying NASA?'. The NASA acquisition will offer us access to a variety of communications avenues that would have cost a fortune to contract. Also, it's imperative for our upcoming Google Earth Live... but I've said too much."

Re:This Just In! (5, Funny)

MrFlannel (762587) | more than 9 years ago | (#13349644)

Well, they had to find a more cost effective means of transporting things between Earth and the Google Copernicus Center.

Re:This Just In! (1)

thesupermikey (220055) | more than 9 years ago | (#13349645)

It would just like in Snow Crash
but without an underage skakeboarding side kick

Re:This Just In! (5, Funny)

robertjw (728654) | more than 9 years ago | (#13349662)

Actually the government is going to GIVE NASA to Google, the 4 billion is just to keep it running for 6 months.

Re:This Just In! (2, Insightful)

IAmTheDave (746256) | more than 9 years ago | (#13349760)

Actually the government is going to GIVE NASA to Google, the 4 billion is just to keep it running for 6 months.

hmm... not sure this shouldn't get an insightful mod too...

Re:This Just In! (1)

pjt48108 (321212) | more than 9 years ago | (#13349871)

Unless they replace the management structure, then yes.

Get some priorities (-1, Flamebait)

Anonymous Coward | more than 9 years ago | (#13349678)

Get some PRIORITIES people!

You're talking about Google when thousands of people are being evicted from their land and homes by their own government! Sharon will not last long...

Re:Get some priorities (0)

Anonymous Coward | more than 9 years ago | (#13349758)

All right I'll bite.

The original intention of the Isreali government after the war was to use the Gaza strip as a bargining point; not to settle people on it.

Re:This Just In! (3, Funny)

rootofevil (188401) | more than 9 years ago | (#13349698)

In a stunning series of events microsoft has sued google for use of the text "Live" added to the end of any service citing prior art and a series of obscure patents granting them the rights to the entire english language, as well as parts of french and spanish.

yeah (1)

RelliK (4466) | more than 9 years ago | (#13349746)

And they are going to provide free wireless access on Mars.

Re:This Just In! (0)

Anonymous Coward | more than 9 years ago | (#13349819)

Actually, I'm fairly certain it involves the

Re:This Just In! (1)

op12 (830015) | more than 9 years ago | (#13349839)

"I mean, after Maps [maps.google.com] and Earth [Google Earth], it was pretty blatant where we were going..."

Don't forget Moon [google.com] !

My Take: "You Be Sucker" (0)

Anonymous Coward | more than 9 years ago | (#13349880)

Let's do some translation.

marketing sentence: Google will sell several million shares of its stock.

translation: Google will quickly find some suckers to buy its outrageously priced stock. There's one born every minute.

Thank you for taking today's lesson on marketing speak.

Re:This Just In! (0)

Anonymous Coward | more than 9 years ago | (#13349918)

If you can keep a secret, the real reason involves Google entering the highly lucritive animal husbandry market, as previously leaked on Slashdot [slashdot.org] ...

Re:This Just In! (4, Funny)

panaceaa (205396) | more than 9 years ago | (#13349936)

Hopefully we'll get higher resolution maps on Google Moon [google.com] out of this. I won't be happy until I can see the American flag down there!

Rumor Mill (0, Redundant)

kevin_conaway (585204) | more than 9 years ago | (#13349593)

And the rumor mill keeps on spinning. Wake me up when they DO SOMETHING.

Re:Rumor Mill (0)

Anonymous Coward | more than 9 years ago | (#13349956)

I am hearing a lot of buzz about Google merging with (not aquiring) Apple.

1992 Called... (5, Funny)

1992 Called (893858) | more than 9 years ago | (#13349594)

They want their pre-bubble investing environment back.

Re:1992 Called... (1)

bad_outlook (868902) | more than 9 years ago | (#13349697)

You must be new here.

Re:1992 Called... (0)

Anonymous Coward | more than 9 years ago | (#13349858)

even if google far*s its a big news.

could be (2, Funny)

brandanglendenning (766328) | more than 9 years ago | (#13349597)

they're out of toilet paper.

thats how google operates.. (0)

doormat (63648) | more than 9 years ago | (#13349598)

Could they be getting the money together to finance all these rumors we keep reading about?

Oops, hit submit early/thats how google operates.. (1, Insightful)

doormat (63648) | more than 9 years ago | (#13349627)

Could they be getting the money together to finance all these rumors we keep reading about?

They just wait for rumors to appear about what they're going to do next, then just finance them and build them quickly...

Re:Oops, hit submit early/thats how google operate (3, Funny)

GoldAnt (899329) | more than 9 years ago | (#13349658)

whatever happened to "request a feature" button... Now were gonna need a "plant a rumor" button...

Re:Oops, hit submit early/thats how google operate (1)

suitepotato (863945) | more than 9 years ago | (#13349867)

whatever happened to "request a feature" button... Now were gonna need a "plant a rumor" button...

That's what the BBSpot Slashdot Story Generator [bbspot.com] is for. Sooner or later, one of these will get through per year, then several, or not. I note Dupe-A-Mania has been somewhat less of late than the early summer high.

Google needs a "stop and shore up what you already have" button before they spread out thinner than a supermodel with a fresh supply of laxatives.

Re:thats how google operates.. (1)

Moester (794964) | more than 9 years ago | (#13349942)

They will pay people to stuff envelopes for them for their compaign, oh no, I've said too much

don't they already have a ton of cash? (0)

Zammo (882452) | more than 9 years ago | (#13349599)

hmmmn

Re:don't they already have a ton of cash? (1)

Drooling Iguana (61479) | more than 9 years ago | (#13349904)

Many things require two or three tonnes of cash.

FP (-1)

Anonymous Coward | more than 9 years ago | (#13349602)

FP

They're gonna buy CNET (5, Funny)

Anonymous Coward | more than 9 years ago | (#13349604)


And fire all the reporters.

hoot (-1, Offtopic)

Anonymous Coward | more than 9 years ago | (#13349610)

wawa

If google does it.... (0)

Anonymous Coward | more than 9 years ago | (#13349614)

then no qns asked. ;-)
thats what people say.

Umm... (1)

theotherlight (904426) | more than 9 years ago | (#13349616)

Do they really need $4 billion to create a new instant messaging application?

Re:Umm... (1)

RingDev (879105) | more than 9 years ago | (#13349861)

no, but $4 bill could buy out most of the darknet in the US and the hardware to setup a nation wide high speed wireless system. Google may go ahead and pick a wireless standard for us.

-Rick

Share Prices (1)

frozencanuck (875563) | more than 9 years ago | (#13349620)

Good thing I sold all my Nortel shares @ $125 - and jumped into google with their IPO @ $89 Bubbles always burst

Re:Share Prices (2, Funny)

0110011001110101 (881374) | more than 9 years ago | (#13349647)

Hey martha... hows that anklet working out for you??

looks like a... (1, Insightful)

Cheeze (12756) | more than 9 years ago | (#13349625)

..."cash out and run for the hills".

Re:looks like a... (2, Funny)

Grax (529699) | more than 9 years ago | (#13349825)

Absolutely! Don't get stuck in the bubble when it pops.

Although you should probably use Google to determine which hills and Google maps to see how the hills look before you head out there.

21% profit margins are impressive (5, Interesting)

ReformedExCon (897248) | more than 9 years ago | (#13349633)

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:21% profit margins are impressive (1)

GecKo213 (890491) | more than 9 years ago | (#13349958)

Whether or not these dilute the current holings

There is absolutely no doubt that this will dilute their current holdings. Think about what that'll do to the current shareholders.
Quick Example: For ease let's just say that google is worth 1 million dollars. (Purely for ease of numbers) Let's say they issue 1 million shares for $1 each. Let's just say that those shares grow to $2 a share. No google is worth 2 Million. Let's say that they now want to issue another 2 Million shares. What that actually does is break up their 2 dollar per share worth into .50 cents each. The reason for that is that Google didn't create more worth by issuing new shares, they just broke up the current share holders worth from $2 a share to $.50 a share. In most cases those people are given the opportunity to purchase shares to even out their holdings so that they dont' "take it in the shorts" on the deal. Some opt not to and so others are able to buy them.

Moral of the story: When a company issues more share the current share holders net worth goes down. Most of the time expectations are that the company is going to issue the shares to fund more growth and more projects so there's a nice trade off. Current dip in value vs. future growth.

Ahhh, the financial world is wonderful.

Ahh yes... (0)

brian0918 (638904) | more than 9 years ago | (#13349637)

... the famous mathematical constant, alpha-omega = 14.2 million.

Cashing inflated stock (2, Insightful)

slasho81 (455509) | more than 9 years ago | (#13349652)

Could they be getting the money together to finance all these rumors we keep reading about?

Or are they cashing their extremely inflated stock?

Re:Cashing inflated stock (1)

robertjw (728654) | more than 9 years ago | (#13349689)

Or are they cashing their extremely inflated stock?

That's what I'd do. Cash in and after the bubble bursts buy it all back at a reduced price. Sounds smart to me - unless of course the SEC frowns on that.

Re:Cashing inflated stock (2, Insightful)

Rude Turnip (49495) | more than 9 years ago | (#13349712)

No, they are issuing new stock. Various Google execs cash out all the time, which isn't news for any publicly traded company.

Today's issuance of new stock is why the price is down almost 7 bucks today...dilution.

Cafeteria (0)

Anonymous Coward | more than 9 years ago | (#13349665)

Just imagine the chefs they can hire for four billion dollars!

Re:Cafeteria (3, Insightful)

ThosLives (686517) | more than 9 years ago | (#13349711)

$4 billion is a disgusting amount of money.

Being generous and assuming the cost of a person's labor for 1 year to the company is $100k, this means $4 billion would purchase 40,000 man-years of labor. Considering the world per-capita income is actually closer to around $20,000 (which is still high, mind you, but it makes for simpler math), that would be 200,000 man-years of labor.

What the heck are these guys doing that's going to require somewhere between 40,000 and 200,000 man-years of effort? (Remember, the cost of everything turns back into man-years of effort.)

Re:Cafeteria (1, Funny)

tsmithnj (738472) | more than 9 years ago | (#13349757)

Creating perpetually in-Beta applications that don't run on Linux.

Re:Cafeteria (1)

Red Flayer (890720) | more than 9 years ago | (#13349963)

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

Actually, that's not quite right. The cost of everything can be expressed as man-years of effort, but converting between currency and labor units is not so easy as dividing by PCI. Far better to divide by the the per capita production of all the people who will work on whatever product Google produces.

Sure, Google wants to raise some cash. They also need to justify that whopping share price, the P/E ratio currently is absurd.

In addition, 200k man-years is a drop in the bucket. By your calculations, Google had about 3/4 of that last year in revenues.

How many man-years will it take them to build new office space? How many man-years will they "spend" on office overhead, and other non-labor operating costs?

In good tradition of other American companies... (2, Funny)

Anonymous Coward | more than 9 years ago | (#13349670)

We are going to conquer a country. That 200 billion dollar in cash for arms and infantry doesn't just pay for itself you know. We expect to need 40.000 troops to take Syria, and 200 troops to completely overwhelm the Dutch army.

google needs to be careful (1)

asscroft (610290) | more than 9 years ago | (#13349683)

They're the most innovative, impressive company in I don't know how long.

But they've hired like crazy recently. They're parking lot is so full that they offer valet service - and that fills up too!

I wish them the best though, because they rock.

Re:google needs to be careful (1)

bleaknik (780571) | more than 9 years ago | (#13349724)

Maybe they'll open a full fledged GooglePlex in the Atlanta area... Hrm...

it begins (1)

tont0r (868535) | more than 9 years ago | (#13349685)

and let the rumors and scandals begin!

Or... (0)

Anonymous Coward | more than 9 years ago | (#13349686)

could it be that they're cashing in while the price is right. I'm sure they'll expand into other areas but we shouldn't assume that their building a nestegg now has anything to do with the rumors we've seen.

Duh, the article says what the money is for (4, Informative)

Cerdic (904049) | more than 9 years ago | (#13349690)

Google, operator of the leading Internet search engine, said it intends to use the net proceeds from the offering for general corporate purposes, including working capital, capital expenditures and possible acquisitions of other businesses or technologies.

The company, however, said it has no current agreements or commitments to any material acquisitions. Pending acquisitions, Google plans to invest the proceeds in highly liquid, investment-grade securities, according to the SEC document.


I think that very nicely clarifies what is going on. Very clear and quite obvious. Yep.

Recurrent capital raising (1, Insightful)

Coryoth (254751) | more than 9 years ago | (#13349691)

Recurrent capital raising is not really a good sign. At mittedly this is only their second bite at the cherry, but it's a second bite at (lets' be honest here) exorbitant and inflated prices.

All these diverse ofeerings come at a cost - some will be hugely successful, and some will not. The fact that Google is having to go back to the well so soon is possibly a sign that their expansions aren't as profitable as they'd like as much as a sign of desire for more expansion.

Jedidiah.

Or maybe... (4, Interesting)

cavemanf16 (303184) | more than 9 years ago | (#13349705)

They're just selling additional shares to bring that $300/share price down a bit. You don't want to have your stock all held by the big boys of investing who will turn on you and your company on the proverbial dime. Better to involve the smaller investors too so that one less-than-incredibly-spectacular SEC quarterly filing won't tank your stock. Companies need to diversify their investments just as much as us individuals do.

Re:Or maybe... (1)

NickCatal (865805) | more than 9 years ago | (#13349775)

But why wouldn't they just split their stock?

Looks like they are looking to raise capital... but you never know...

Re:Or maybe... (1)

RingDev (879105) | more than 9 years ago | (#13349911)

because then the same people would still own the stock, just twice as much at half the value. Selling new stock get's it into new people's hands. Although I wouldn't be suprise if DarkNet is one of those investmenst. -Rick

That's what a stock split is for. (5, Informative)

bigtallmofo (695287) | more than 9 years ago | (#13349803)

They're just selling additional shares to bring that $300/share price down a bit. You don't want to have your stock all held by the big boys of investing who will turn on you and your company on the proverbial dime.

Taking any action to purposely bring down the value of your company would be illegal. If they wanted to make a more attractive price point to fool investors without $300 into buying their stock because it appears cheap, that's what a stock split [wikipedia.org] is for.

Re:That's what a stock split is for. (1)

cavemanf16 (303184) | more than 9 years ago | (#13349961)

Taking any action to purposely bring down the value of your company would be illegal.


OK, but increasing your coffers while at the same time diversifying the stock? Sounds like a good move to me. If you're stock is at $300/share and you'd like some extra cash to boot, might as well sell more stock, right?


Besides, during a stock split the stock usually rises right after the split as people take advantage of the suddenly lower price. But the *company* doesn't really make anything except for happier investors (and wealthier - on paper - top execs) - but that won't buy new equipment or pay for more employees. This way, Google profits, maybe the price comes down a bit over time to entice a more diverse population of investors as I stated originally, and Google can then invest in more stuff to further beef up the company's bottom line.


If Google really is the company that "does the right thing" then I'm assuming here that the runners of the show are looking to provide further stability, and long-term good jobs for their employees as well and they don't want to lose those good employees with a 5 for 1 stock split that goes through the roof and then they lose all their top talent selling their stock shares for millions.


I'm just trying to think outside the box, 'cause that's what Google has done over the past few years.

Stock Split (1)

JLavezzo (161308) | more than 9 years ago | (#13349823)

The usual way to bring down share price while maintaining value is to split the stock [wikipedia.org] . In a 2-1 split, that roughly means each $200 share turns into two $100 shares. No sane company wants to intentionally reduce their market capitalization..

unlikely, and really doesnt make sense (0)

Anonymous Coward | more than 9 years ago | (#13349851)

Theres are easier way to do that without relinquishing more of the company to the public. SPLIT.

Re:Or maybe... (1)

Anonymous Coward | more than 9 years ago | (#13349855)

Google has said many times in the past their strategy for stock price is following the Warren Buffet method -- i.e. no stock splits. Take a look at Berkshire - you'll see their stock has never split.

They want investors who are investing in the company to grow their money - not make a quick buck and leave.

Unbelievable stupidity! (0)

Anonymous Coward | more than 9 years ago | (#13349860)

They're just selling additional shares to bring that $300/share price down a bit. You don't want to have your stock all held by the big boys of investing who will turn on you and your company on the proverbial dime. Better to involve the smaller investors too so that one less-than-incredibly-spectacular SEC quarterly filing won't tank your stock. Companies need to diversify their investments just as much as us individuals do.

I find two things unbelievable:

1. Someone is stupid enough to write this
2. More people were stupid enough to think it rational

AMAZING!

Re:Or maybe... (1)

SA3Steve (323565) | more than 9 years ago | (#13349866)

Seriously...how does the parent post get modded up here as Interesting to a level 5?

I wish you could mod it as "talking out of his/her ass" or "making stuff up as he/she types"

Just Jealous (2, Interesting)

Dink Paisy (823325) | more than 9 years ago | (#13349707)

Google wants to have a bigger market cap than Microsoft, of course.

Why? What did you think they were going to do? Free wireless access, with a VPN client that also delivers advertising (textads only, no flash animation) based on the web page you are currently looking at, or based on your browsing history if you aren't looking at web pages? With direct support for Internet Explorer, and support for alternate browsers if you use the Google Web Accelerator?

I never did understand... (2, Interesting)

amrust (686727) | more than 9 years ago | (#13349719)

...the Google business model, evidently. How is it that Google makes money, exactly? Is it all based on sites paying them to be listed when you search? Surely AdSense doesnt make this kind of loot.

Sorry for the dumb question. It just came to me when I was reading the story.

Yes, yes it does make this kind of loot (5, Informative)

BlackCobra43 (596714) | more than 9 years ago | (#13349753)

advertising revenue is pretty much the source of all of Google's profits.

Re:I never did understand... (0, Redundant)

capt.Hij (318203) | more than 9 years ago | (#13349763)

They make money by providing search results. Now, I know what you are going to say, "but they make no money when I click on one of the results from their search." Ah, yes, that may be so, but they can make up for that on volume.

Re:I never did understand... (1)

robdavy (850571) | more than 9 years ago | (#13349846)

They make the vast majority of their income from AdSense actually... No one pays to be listed in their search results

Secondary IPOs are frequently not worth investing (4, Insightful)

WillAffleckUW (858324) | more than 9 years ago | (#13349735)

And I say this as someone who's been investing since the 1970's and didn't panic during the IPO craze of the late 90's - which was very very good to me and my family ...

Just because a stock is valued at $XX today doesn't mean it can't just as easily go down as up.

And when something is new to the market, valuation is still uncertain and the risk of it going down - contrary to most investors expectations - is higher than the risk of it going up.

However, as a caveat, I should say that some of the secondary offerings and post-IPO investments in certain companies have been very very profitable for me - Red Hat, Coach - which I bought at IPO, held for a bit, sold all or part of, and bought back in when most insiders unloaded their shares.

So, it's more a question of: Is Google worth MORE than this valuation in the future and is this BETTER than other investments?

I'm putting money in Japan and Euro value plays mostly - with money in dividend yielding energy stocks that AREN'T oil-based (wind, solar, geothermal, nuclear fission, clean coal).

But if you want to spend your money, do what I do - never invest more than you can lose, and if it's risky - unless you're really really certain [e.g. RedHat or Coach in my case] - spend LESS than on a typical investment.

For example, I usually invest around $10,000 in a normal investment, $5000 in a slightly risky investment [a hunch], and $1000 in a highly risky investment [most IPOs and risky stocks].

Your mileage may vary.

Re:Secondary IPOs are frequently not worth investi (1)

linzeal (197905) | more than 9 years ago | (#13349935)

This looks like they are setting up for a stock split as well they are just adding more stock so when it hits steady at 300 dollars per share or whatever arbitrary number they set they will have 14 million more shares which they would not of had before.

Beer Money (1)

rumblin'rabbit (711865) | more than 9 years ago | (#13349953)

For example, I usually invest around $10,000 in a normal investment, $5000 in a slightly risky investment [a hunch], and $1000 in a highly risky investment [most IPOs and risky stocks].
There's nothing worse than being right about an investment for the right reasons, but failing to put a decent amount of money into it.

There's a reason why you want to invest a reasonable amount in every stock. It's so that you seriously think and research it before pulling the trigger.

If you invest too little in a stock, not only do not make much money, but you tend to get lazy. Instead of doing all that tiresome reading and analysis of the financial reports, circulars, credit rating reports, and so forth, you just say "what the heck, it's only beer money", and buy.

This is most important at high risk levels because that's where research really pays off. For 5-year investment-grade bonds, for example, research isn't as critical.

Booya, Jim.

I think I have google's master plan figured out (2, Funny)

BlackCobra43 (596714) | more than 9 years ago | (#13349772)

1.IPO 2.Buy moon 3.Secondary IPO 4.Buy super-laser 5.??????? 6.Biiiiiiiiiiiiiiilliiooooooooooons in profits!

um...Where's Google's money come from? (4, Informative)

amichalo (132545) | more than 9 years ago | (#13349776)

Okay, so GOOG is trading near $300 a share and they want to raise some more capital - great. Just help me understand where their money comes from.

As best I can tell, Google makes money on:
(1) AdWords (is this like 90% of their revenue?)
(2) Intranet searching licenses for those sites who allow you to search it with a Google search, but maybe this is a free service Google offers
(3) They sell those yellow Google blade servers that look cool but I think accomplish the same as (2) above.

So how else does Google make money? Every damn thing is free. Gmail, maps.google.com, Google Earth. As a consumer I am not complaining, but as an investor, I won't touch GOOG with ten feet of CAT6.

Re:um...Where's Google's money come from? (2, Interesting)

generic-man (33649) | more than 9 years ago | (#13349902)

You're exactly right. Google makes billions on advertising. They're an advertising company. They compete with DoubleClick and Yahoo!. Everything they do on the customer side is about making users see and click on Google ads.

Most of their other products are in beta anyway, so they don't count.

No, no, no! (3, Interesting)

solomonrex (848655) | more than 9 years ago | (#13349916)

So what? TV networks make billions and everything they sell is free. This is like that, only with 2 big differences:

1. Google has perhaps loaded up on more talent in their field than any company since Edison.
2. They aren't actually breaking new ground yet. They're just executing an existing industry/strategy - online search funded by online ads - better than anyone else.

And difference #2 is good news for investors. They aren't a bolt of lightning like Netscape, they more or less earned their good fortune. Netscape = Apple, Google = M$.

I'm pretty confident they have a good idea of what to invest in, as M$'s attempt to catch up online continues into another decade...

->This advice is provided for entertainment purposes only-

And you thought it was a joke?! (1)

aaron_ds (711489) | more than 9 years ago | (#13349777)

The rumors [google.com] are true!

A question for financial advisors? (0, Offtopic)

Tibor the Hun (143056) | more than 9 years ago | (#13349784)

What's the best way for a stock market newbie to purchase some of this stock?

Online? Throung a magician-agent? or what?

Re:A question for financial advisors? (0)

Anonymous Coward | more than 9 years ago | (#13349848)

You'll need me. Just wire me the money.

Re:A question for financial advisors? (1)

BlackCobra43 (596714) | more than 9 years ago | (#13349909)

What's the best way for a stock market newbie to purchase some of this stock? Simple: Don't! Google's stock is entirely speculative. Go for blue chips.

Re:A question for financial advisors? (1)

WillAffleckUW (858324) | more than 9 years ago | (#13349929)

What's the best way for a stock market newbie to purchase some of this stock?

Online? Throung a magician-agent? or what?


If you're a newbie, I don't recommend it.

However, if you're serious, easiest is get an E*Trade or HarrisDirect or one of the other online trading accounts, put the money in, and remember that it's transaction costs that eat you alive.

Then put in a stop-loss order in case it dives - at the point where you would go insane if you lost it - and a warning alert set to email you if it goes above a certain amount where you should sell it.

Or, as an alternative, buy it and then only look at it every three months or so.

If you follow it everyday you'll probably do something wrong.

Bad idea in my opinion (3, Interesting)

alvinrod (889928) | more than 9 years ago | (#13349792)

Although it will help them take in a little bit more money to finance any plans that they might have to expand the business, in the end I think it really just hurts them more.

After all, the people who buy into Google really don't give a shit what it does or how it does it as long as it makes money and pays good dividends. I don't know exactly what portion of Google will be in "public hands" after this, but if they've sold off enough of the company they could just wind up like almost every other company in the business.

Maybe I'm sounding a little paranoid, but I really think that going public and giving partial ownership of your company to people who don't share your creative vision is just a bad idea. I don't invest in the market myself, so I can't speak for everyone, but isn't the point to make money? Eventually a unique company like Google that's been pushing new and innovative technology and forcing competitors to work just as hard to keep up, will eventually stagnate and become more of a conservative business that would rather rest on its laurels and make money rather than strike out an pioneer new grounds in the industry.

Would a company all about the money offer 2GB email inbox sizes, a wonderful and easy to use online mapping service, and a great search service? Personally I think they'd turn out a little more like Microsoft, spending more time talking about all the innovative things they're doing rather than actually doing them and settling into a state of mediocrity.

Ah there it is... (1)

Antimatter3009 (886953) | more than 9 years ago | (#13349805)

Finally, my google fix. Now I can get on with life.

Google is shooting arrows. (0)

Anonymous Coward | more than 9 years ago | (#13349814)

I think they're gathering money to buy Apple.

repo business (1)

dioscaido (541037) | more than 9 years ago | (#13349816)

I smell a new golden age for the repo business...

informativeJ cumcum (-1, Troll)

Anonymous Coward | more than 9 years ago | (#13349836)

fuckedgoogle.com (1)

juanescalante (848065) | more than 9 years ago | (#13349842)

I'm starting to believe more and more in what fuckedgoogle [fuckedgoogle.com] has to say. All of the posts link to a news article, anyway, so they're somewhat founded.

Re:fuckedgoogle.com (0)

Anonymous Coward | more than 9 years ago | (#13349919)

Fuckedgoogle makes a good point- this is right out of the dot.com playbook circa 1999.

They'll use the money raised through the secondary to quietly repurchase Google shares, trying to offset the dilutive problem of the roughly 4 billion dollars worth of insider stock being sold every 9 months.

Re:fuckedgoogle.com (1)

ryanov (193048) | more than 9 years ago | (#13349955)

And so balanced that the author has full disclosure of name and who his is and all of that right on his website... oh... wait, no, it's completely anonymous.

Guy clearly has an axe to grind.

"possible acquisitions" (2, Interesting)

slashdot.org (321932) | more than 9 years ago | (#13349844)

The article says that one of the things they need the cash for is possible acquisitions. It seems they are acquiring a lot.

One of the recent ones that I have not read about on slashdot is android [businessweek.com]

What's interesting about that one is that it's being speculated that they have been creating an Operating System for cell-phones.

(That should be enough to have another 50 stories on slashdot about people pondering what technology is going get involved with next. ;))

Ahh, what to do... (1)

C_Kode (102755) | more than 9 years ago | (#13349845)

Short Google!

Look ma, I'm King on the Interdome.... (1)

ChainsawJackson (594039) | more than 9 years ago | (#13349863)

Wow, now they might be a 10th of the way to buying Apple . . . Google is smart, and whatever you think they are doing, they are probably doing something else. Slashdot is a great rumor mill but factual evidence is lacking here, except for a few posts. Do you really think Google would take a huge risk this early in the game? They are planning something and I for one am very curious...

ohhhhhhhhh snap! (0)

Anonymous Coward | more than 9 years ago | (#13349879)

They're gearing up for a hog wild Winter of Code!!

Dot Com all over again? (4, Insightful)

Mr. Flibble (12943) | more than 9 years ago | (#13349897)

I think that Google is a great company, but I cannot see how their insane stock price is justified. It is all just speculation.

[url]http://finance.yahoo.com/q/bc?s=GOOG&t=1y%5B/ url%5D [yahoo.com] I mean, check out their P/E ratio!

Google is very cool, and their mission is basically to become the next library of Alexandria, which I think is awesome. However, how on earth do they plan to make any MONEY?

(For those of you who are considering buying some of this new issue, I strongly suggest you read 2 books: "The Intelligent Investor" By Ben Graham and "The Future for Investors: Why the Tried and True Triumph Over the Bold and New." by Jeremy J. Siegel.)

Google is very cool - but it is really just grep on steroids. I can't see how shares in this company at this point will benifit the shareholder.

imeem.com Anyone Heard This Rumour? (1)

szyzyg (7313) | more than 9 years ago | (#13349899)

I've seen comments in a few places that suggest that imeem [imeem.com] is linked with Google. There was a story yesterday asking whether imeem was the next google? It's like a client application that does everything you'd ever need, it apparently caches and indexes content so that search queries get shared amongst the clients in the network and data gets swarmed out. Brilliant idea, but has anyone else heard the google rumours?

Timing... (0)

Anonymous Coward | more than 9 years ago | (#13349912)

Does this mean the Google bosses think their stock price is a little too high?

The BOOM is back ... (4, Funny)

rlp (11898) | more than 9 years ago | (#13349921)

Time to buy a TON of Google! This time is REALLY different! I'm pouring everthing into Google! Just as soon as I finish selling all of these tulip bulbs ...

Selling a piece of PI (4, Insightful)

dubbayu_d_40 (622643) | more than 9 years ago | (#13349947)

14.159,265 million shares to be exact. 3.14159265... Cute...
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