I love the title of the article
|The Google guys' attitude has been... Trust us... but has the brashness cost them? |
After the range drop, which I think could have been avoided, I would have to agree with the title. On the other hand, I can look at this as an opportunity to get in with a higher upside "potential".
|And in Switzerland in January, Brin joked that after Google he'd like to develop a scanner for airports to prevent unhip people from boarding airplanes |
That would be worthy of The Nobel.
Brin is a total dork. He is obviously someone who can be told to sit in a dark room and bash out some ocmputer code, but he has not the slightest idea about corporate management.
He really blew this one for the thousands of google employees and investors.
In the short term it may look stupid, but why do people want the price to be unrealistically high?. If the stock does well the price WILL go up, basic economics their in a nutshell.
|If the stock does well the price WILL go up, basic economics their in a nutshell. |
If the *company* does well it will go up.
Don't forget that most Google employees have to wait 6 months to cash in. That'll be a fun ride.
Most employees can sell a percentage of their shares before then - some can sell 5% in as little as 15 days.
|Brin is a total dork. He is obviously someone who can be told to sit in a dark room and bash out some ocmputer code, but he has not the slightest idea about corporate management. |
He really blew this one for the thousands of google employees and investors
Have to agree with the above after reading a few comments/articles on Brin. There are also stories that Brin pretty much side lines Larry.
just the one thing ..the idea of the space elevator belongs to Arthur C Clarke ..I dont think Brin was even born when it was written ..Arthur thought to put the anchor point at Sri Lanka ...and started to work on the stress analysis etc for the idea ..
Oh yeah ..and apparently Brin had a conceptual problem with " this image is copyright " even then ..or maybe playboy didn't know about "robots.txt" ...( If you didnt tell "me specifically" not to "steal" it then it's not "doing evil" when I do )...?
Why does super geek = super arrogant have to be the inevitable formula ....
It will all end in tears....unfortunately we will all have to wait at least five years to see it...........such is life!
|He really blew this one for the thousands of google employees and investors. |
I don't think he totally blew it as even at 50% capitalisation Google's employees did extremely well at the time of serious unemployment in Silicon Valley and crap non-existing jobs. They (those of them who had their shares registered by the company!) will also get nice payout for their stock options (assuming price won't tank within next 6 months).
Every new mistake however will be reflected in share price and that will hurt at all levels.
Any ideas how many shares or options an average Google employee has as a fringe benefit?
I think that Brin and Page are way cool. From what I've read they're modest, humble and forward thinking guys. Job well done!
Those boys are preferable any day at the helm of an important corporation over any of the self-dealing back scratchers piloting most companies today.
For all the armchair commandos harumphing at Brin and Page, I'll say this: It took a lot of guts to swim upstream against the entrenched corporate interests, including the banking houses themselves, in order to create a more fair distribution of shares. Considering what they just pulled off, I call it stunning success.
>It took a lot of guts to swim upstream against the entrenched corporate interests, including the banking houses themselves...
Considering that among their lead underwriters was Morgan Stanley, the ultimate Wall Street insider, accused of all possible sins by the authorities, its VCs - the biggest VCs one could get, its CEO - a veteran corporate-man, advisors - veteran professors from establishment universities, one could argue that companies don't come more establishment than Google.
Nice PR spin though to portray itself as something different. This required real guts.
|Considering that among their lead underwriters was Morgan Stanley...Nice PR spin |
Oh really? Are you being a contrarian for the sake of being a contrarian, or do you really believe what you write?
Dude, they had no choice. When doing an IPO there are only a few back scratching houses to deal with. Not a PR spin. Google did it their own way AGAINST THE WISHES of the banking houses. That is not a PR spin, it's cojones.
There is no shortage of bankers who could pull this deal together. Some of them are quite reputable too. MS has a well-earned reputation of ripping-off individual investors to benefit itself and its investment banking clients.
Moreover, Caucasian males rule at MS to the detriment of more qualified women and minorities. (Just like at Google?)
The more I come to think of it, Google and MS are meant to be together.
IITian: There were interests against this working out. The whole traditional IPO process is a big money making machine. It is not just PR spin.
My Question is, how can anyone in the world trust them after Update Florida, removing many websites for no reason, and with no response directly?