rogerd - 5:51 pm on Jan 29, 2004 (gmt 0)
Waiting for higher tech valuations seems counterproductive in Google's case. It seems to me that demand is high enough that reining in expectations to a reasonable valuation would be the order of the day. Do they want to push the PE ratio from 150 to 300? For most businesses, an under-priced IPO is a real concern - I don't think that would be the case for Google, not at the moment, anyway.