|Google co-founder sees "good chance" of future IPO|
But Google is Not Rushing Any Plans for One
Reuters has an interesting story out today [reuters.com] about a future Google IPO.
According to Sergei, Google is not rushing any plans for an IPO. Here's another interesting tidbit:
|Brin said suitors have approached Google on numerous occasions. "We've always said no, thus far," he added. |
"We think our company has a lot of promise. We're pleased with the trajectory that we're on and so it's not a very likely thing to happen in my mind. But, it would be silly to discount any serious approach from anyone," he said.
|"I think there's a good chance eventually we will. It's never the most pressing thing," he added..... |
"It might be nice to have some degree of currency to do acquisitions and things like that. On the other hand, there are significant management distractions involved in being a public company, so it's always kind of a toss-up," he said.
I dont think they will go anytime soon, unless they are pressed hard to acquire something big.
another comprehensive article [siliconvalley.internet.com...]
|There are completely new ranking technologies that we are working on," he said. "We try about a half-dozen a month and launch on a limited test basis. |
Sorry already mentioned above ...
[edited by: gopi at 7:16 pm (utc) on Aug. 21, 2003]
gopi, see a couple of threads above :)
Thanks Chndru , i didnt noticed your post :)
What they didn't tell you was that around this "good chance" comment, Sergey said about 5 more paragraphs that basically said, "not a chance any time soon".
amazing how different journalists explain things in a different way :)
having heard from a 3rd party what Sergey said, and reading various newswires baffles the living daylights out of me.
|What they didn't tell you was that around this "good chance" comment, Sergey said about 5 more paragraphs that basically said, "not a chance any time soon". |
Yes, I thought Sergey made it very clear that Google has many more important fish to fry. "Not a chance any time soon" doesn't sell as many newspapers, though, as "'good chance' of future IPO."