The article, titled "Wall Street bonanza hopes fade as Google delays float," was soon widely circulated in the investment community. But analysts generally dismissed it, pointing out that Schmidt's comments in London dovetail with what he has said all along.
"There is no reason that I would know for Google to wait," said Mark Argento, an analyst for ThinkEquity. "From a valuation standpoint, the Street is willing to pay for high-quality businesses, and Google is one of those marquee companies."
I'm sure they will still have their IPO this year. With all the changes in the search engine market with the rise of Overture, MSN up to tricks and Google being dropped from major search sites I'm not surprised Schmidt said "An IPO is not on my agenda right now."
Google will no doubt (lots of confidence here) battle through any potential stumbling blocks and when they do they will be better placed for an even more successful IPO than if they did off the back of the current search engine business sector.