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Google co-founder sees "good chance" of future IPO

But Google is Not Rushing Any Plans for One

     
4:47 am on Aug 21, 2003 (gmt 0)

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Reuters has an interesting story out today [reuters.com] about a future Google IPO.

According to Sergei, Google is not rushing any plans for an IPO. Here's another interesting tidbit:

Brin said suitors have approached Google on numerous occasions. "We've always said no, thus far," he added.

"We think our company has a lot of promise. We're pleased with the trajectory that we're on and so it's not a very likely thing to happen in my mind. But, it would be silly to discount any serious approach from anyone," he said.

4:54 am on Aug 21, 2003 (gmt 0)

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"I think there's a good chance eventually we will. It's never the most pressing thing," he added.....
"It might be nice to have some degree of currency to do acquisitions and things like that. On the other hand, there are significant management distractions involved in being a public company, so it's always kind of a toss-up," he said.

I dont think they will go anytime soon, unless they are pressed hard to acquire something big.

another comprehensive article [siliconvalley.internet.com...]

There are completely new ranking technologies that we are working on," he said. "We try about a half-dozen a month and launch on a limited test basis.
8:04 am on Aug 21, 2003 (gmt 0)

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SMH [smh.com.au]
6:59 pm on Aug 21, 2003 (gmt 0)

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<edited>
Sorry already mentioned above ...
</edited>

[edited by: gopi at 7:16 pm (utc) on Aug. 21, 2003]

7:02 pm on Aug 21, 2003 (gmt 0)

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gopi, see a couple of threads above :)
7:17 pm on Aug 21, 2003 (gmt 0)

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Thanks Chndru , i didnt noticed your post :)
7:18 pm on Aug 21, 2003 (gmt 0)

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What they didn't tell you was that around this "good chance" comment, Sergey said about 5 more paragraphs that basically said, "not a chance any time soon".
7:25 pm on Aug 21, 2003 (gmt 0)

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amazing how different journalists explain things in a different way :)

having heard from a 3rd party what Sergey said, and reading various newswires baffles the living daylights out of me.

Shak

9:21 pm on Aug 23, 2003 (gmt 0)

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What they didn't tell you was that around this "good chance" comment, Sergey said about 5 more paragraphs that basically said, "not a chance any time soon".

Yes, I thought Sergey made it very clear that Google has many more important fish to fry. "Not a chance any time soon" doesn't sell as many newspapers, though, as "'good chance' of future IPO."