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They hoped to ride a wave of enthusiasm created by an initial offering of Google, the big search engine, which is expected to go public sometime later this year. Dealtime, they figured, could position itself as the Google of shopping. Indeed, the company has quietly purchased the Web address shopping.com from CMGI's Alta Vista and used it for a version of its service with spare graphics that is meant to look like Google's site.
But analysts say that Google may shape up to be more of a rival. It is testing Froogle, its version of a comparison shopping site.
Everyone is just waiting for this Google IPO to magically cure the markets.
I also liked the part about making their graphics look like google graphics.
I also think that once FROOGLE is in full force, that Shopping.com has no chance to compete. Maybe in their more niche electronics market, but not overall.
I'll buy silver and gold by the ounces before I will invest in the market in a time like this. IPO shares will be reserved for the major investment houses who can buy at the initial price and see it double, triple by the end of the day. Ninety days later most of them will be dumped and the profit will be made on the backs of the small investor just buying in. If you are a small investor hoping to buy at the IPO price on the first day, forget it. It will never happen.
The hype building up to this IPO is so huge that 90 days after the first day as a publicly traded company, the Google stockchart will look like a yo yo being played by a boy walking DOWN a flight of stairs. High and low dips that gradually go down over the next two years, undoing the leap made in the first 90 days. Google would have to continually offer profit potential bells and whistles to spike it's share price.
End the Iraq debacle, crush Al Quaeda and offer a period of time, 1-2 years, for the public to forget about the WorldComs and Tycos and Waskals and Enrons, and then maybe the market will start to come back.
Hmm, wonder why I don't have any spare cash? ;)
Can't see the Google IPO being a great one for private investors, unless the markets get even worse and Googel is vlaued accordingly. Personally I can't see them going for it unless they are confident of a good uptake at a good valuation