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interesting Motley Fool article

Google: What You Must Know

2:56 pm on Aug 9, 2004 (gmt 0)

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This article/editorial actually appears under two titles on their site:

Google: What You Must Know / The Kato Kaelin of IPOs [fool.com]

Google's sorta like the senior prom: really interesting and exciting in concept, a bit underwhelming in actuality. You have the dual-class share system, meaning that though Google will take your money, it's not really interested in what minority shareholders think. Its stock has been priced at simply absurd levels, with a P/E that could exceed 350 at the open and cash flow generation that's not much better.