AP Article available at Findlaw dot com [fsnews.findlaw.com]
Ok, before anyone pounces on me, let me just state the following:
I like Google. I like their search engine. I think they have a wonderful corporate culture (doing things like requiring their programmers to spend 20% of their time on "personnal projects" and such).
I may have on again, off again feelings about GMail, but overall, I like google.
I've just been leary of their IPO and the whole Dutch Auction system from the beginning. I'm leary about opening up the IPO sale to the public, because that could conceivably (read: most likely will) inflate the IPO price when less-than-informed investors caught up in the hype start bidding too high. And there are actually a lot of other reasons why I'm leary of the offering.
I could be totally wrong. But in the end, for me, it's a whole risk vs. reward calculation. I don't like the math.
But don't take my word for it. I'm just an anonymous alias ranting on a public message board. Go read the AP article, do some serious research, THEN decide what you wanna do with your money.
Be wary of hype. Hype and the stock market are a combustible mix.