Jillibert - 8:00 am on Jan 2, 2003 (gmt 0)

Dauction.....you are one of the very few on here who seem to have got it.

All i have seen from others on here is Google hype and that does not cut it in the world of SEC reporting.Forget about the VC guys who ponied up for Google,that was a lifetime ago in terms of the market and anyone with an idea could get VC capital.

Google went cap in hand to get the original seach deal with Yahoo and in return for $7m in revenue gave away 10% of the company.Who knows what the AOL deal cost them in terms of revenue sharing etc to oust OVER.

No denying Google is an excellent search product but sadly for Google whilst it is popular there are many others who are as equally good now as the field has certainly caught them up.The likes of Fast,Teoma and Wisenut all offer excellent search results and Google is trying to morph into the 4th portal.

None of the other major portals AOL,Yahoo or MSN have even looked like making a profit,Google not only faces history but a very wary investor and very strong and established competitors.

For Google to even contemplate an IPO suggests they cannot make money in their current form.