HitProf - 10:44 am on Apr 30, 2004 (gmt 0)

Congrats to the Google management who have produced such a readable document. (This in not intended ironically).

At least they try to warn small investers that they can be disappointed and discourage short term speculators. It looks like Google is discouraging people to buy stock anyway:

We do not intend to pay dividends on our common stock. We have never declared or paid any cash dividend on our capital stock. We currently intend to retain any future earnings and do not expect to pay any dividends in the foreseeable future.

This reads as: you should only buy stock if you expect the price to go up over time.

Could a native speaker please explain this bit please?:

We have not undertaken any efforts to qualify this offering for offers to individual investors in any jurisdiction outside the U.S.; therefore, individual investors located outside the U.S. should not expect to be eligible to participate in this offering.

Does this mean:
- if you are a non US resident, we may not be able to serve you,
or:
- if you are a non USA resident, forget about getting shares

In the latter case this may cause Google to loose international users for letting them down, thus harming their business.

So far I haven't seen any numbers as to how the US revenue compares to other countries. Did anybody come across that?