Chris_R - 3:25 am on Aug 19, 2004 (gmt 0)

Well I guess we will just have to disagree. The fact that google might have in "violation" of a "quiet period" that has never been defined nor the SEC seems to thing serves a useful purpose in this day in age - doesn't make me think they are crooks - nor the other people that bid on their shares.

Google has their problems, but almost everything they have done during this process would be IMHO welcome changes on wall street. Their prospectus was according to some the most innovative that had ever been filed in history. I'd like to see more companies like google - that for example expense stock options - unlike yahoo.

You don't see many articles out there talking about that. And how that increases google's valuation compared to other stocks that don't. Just talk about a playboy article - that disclosed nothing important, some stock that was issued improperly, and a share price that is "too high" and then slashed.

The articles that really went into detail about this IPO and the good and bad that go along with the process were few and far between.

In the end - I guess all that matters will be if google goes up in price. If it goes up - the process will be considered a success - while if it tanks - a failure. While it really has nothing to do with the underlying advantages and disadvantages of the Dutch Auction/ OpenIPO format.