As I stated months ago here, (everyone can pull up the old threads where i stated this) Google is very poorly managed and is mainly in a speculatitive market. For these reasons, this whole IPO is going to fail.
They lack a clear focus of where they want to go and what they want to accomplish. Currently, they are in total disarray.
I am sure many of you watched the segment on Bullseye tonight (CNBC) where Larry Kudlow spoke exactly this point, how they are very unorganized and have very very VERY poor management.
Just the fact that you cannot find institutional investors to hop on this google IPO speaks volumes to not only this stupid auction process, but the incredible overcharge on each share.
Google has alienated individual invesotrs with such a large share price, and have scared off institutional investors with the auction process and high price.
Just who do you intend on selling these shares to Google? No one thinks you are worth $100 a share, let alone $140.
The public is already very very cautious with internet companies like this, yet Google has gone ahead and tried to increase the risk as much as possible by jacking up the share price to a level that is way way above any resonable value for a stake in this dying company. Yahoo is failing, and they provide 10x the products that Google does.
When has google ever prooved to anyone that they are worth anything?
Google blew this from the start, from shooting for an IPO when they lack any ingenious products to put them ahead of the competition.