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Theoretical April 30 deadline approaching...

SJ Mercury News suggests they may file w/SEC but not sell shares

     
4:23 am on Apr 19, 2004 (gmt 0)

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Interesting article in the San Jose Mercury News [siliconvalley.com] about the IPO watch, and the possibility (likelihood?) that, based on the SEC reporting rules, G has an April 30 deadline to start filing reports with the SEC.

But they also suggest G may do so and still not sell shares publicly.

Google may turn out to be the rare company that willingly files public financial reports but doesn't publicly trade its stock.

Levi Strauss is one company that does this. Its stock is privately held -- mostly by descendants of the Strauss family -- but the company files quarterly reports with the SEC.

Another option is for Google to dodge the public reporting requirement. In 2001, the SEC detailed how companies can do so: by disclosing their financial information only to shareholders.

8:25 am on Apr 19, 2004 (gmt 0)

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>Another option is for Google to dodge the public reporting requirement.

I bet this one has been around the Google inner circle several times in the last 12 months.

Personally I think Google will declare. They are a victim of circumstance, declaring would be the right thing to do!

3:06 pm on Apr 19, 2004 (gmt 0)

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Should be really interesting. Going to keep my eyes open on this one.

I wonder what would be a good google news alert search for something like this..

9:30 pm on Apr 19, 2004 (gmt 0)

WebmasterWorld Administrator brett_tabke is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



There was a story near the end of last year that claimed Google met some exception to the law. Anyone recognize that reference?
10:08 pm on Apr 19, 2004 (gmt 0)

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I bet they'll pass it up.

CompWorld

10:16 pm on Apr 19, 2004 (gmt 0)

WebmasterWorld Administrator bakedjake is a WebmasterWorld Top Contributor of All Time 10+ Year Member



In fact, filing this paperwork can come with disadvantages. In some circumstances, employees or investor shareholders can start selling their shares on the over-the-counter bulletin board. Companies typically prefer to control when and how their shares are traded.

Wow. That'd be interesting.

11:10 pm on Apr 19, 2004 (gmt 0)

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>Another option is for Google to dodge the public reporting requirement. In 2001, the SEC detailed how companies can do so: by disclosing their financial information only to shareholders.

I'm not sure what non-disclosure benefit there would be in this situation as shareholders are not going to keep quiet.

4:42 am on Apr 20, 2004 (gmt 0)

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I think they will just come out and say they ARE IPO'ing in the near future, now that they have managed to sway opinion back to thinking they won't.
4:56 pm on Apr 22, 2004 (gmt 0)

WebmasterWorld Administrator rogerd is a WebmasterWorld Top Contributor of All Time 10+ Year Member



In some circumstances, employees or investor shareholders can start selling their shares on the over-the-counter bulletin board.

Sounds like the inspiration for a whole new round of phony stock scams. "My brother-in-law works for Google, and he asked me to help sell some of his stock now that SEC rules say he can. It's all hush-hush, though, so don't tell anyone..."

I ran into a broker/investment banker acquaintance who thought that one reason for Google's delay was the need to get their books in order for the rigors of SEC scrutiny. That's about a fifth-hand rumor, though.

2:15 pm on Apr 23, 2004 (gmt 0)

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WSJ today says
Internet-search pioneer Google Inc. plans to announce within days that it will push forward with an initial public offering, according to people familiar with the matter.
4:13 pm on Apr 23, 2004 (gmt 0)

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Thank you, thank you. Please note date of above prediction!
8:20 pm on Apr 23, 2004 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



More information on Google going public.

[washingtontimes.com...]

 

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