Forum Moderators: goodroi
Even Brin's initial foray into browsing was brash. He crafted a software application that would routinely visit Playboy's Web site, pull up its latest images and download them on to his computer as a screensaver.``It was late 1993, and it was the first program I'm aware of that browsed the Web,'' Rajaraman says.
By the following year, in 1999, Amazon.com had bought Junglee. The Junglee founders flew down to Palo Alto to make an offer to Google anyway. This time, Brin told them to get lost, saying he wouldn't talk with them unless it was a billion dollars or more
Several interesting info sprinkled on this article: ;)
The Google guys' attitude has been... Trust us... but has the brashness cost them?
After the range drop, which I think could have been avoided, I would have to agree with the title. On the other hand, I can look at this as an opportunity to get in with a higher upside "potential".
And in Switzerland in January, Brin joked that after Google he'd like to develop a scanner for airports to prevent unhip people from boarding airplanes
That would be worthy of The Nobel.
He really blew this one for the thousands of google employees and investors.
If the stock does well the price WILL go up, basic economics their in a nutshell.
If the *company* does well it will go up.
Don't forget that most Google employees have to wait 6 months to cash in. That'll be a fun ride.
wait 6 months
Most employees can sell a percentage of their shares before then - some can sell 5% in as little as 15 days.
Brin is a total dork. He is obviously someone who can be told to sit in a dark room and bash out some ocmputer code, but he has not the slightest idea about corporate management.
He really blew this one for the thousands of google employees and investors
Have to agree with the above after reading a few comments/articles on Brin. There are also stories that Brin pretty much side lines Larry.
He really blew this one for the thousands of google employees and investors.
I don't think he totally blew it as even at 50% capitalisation Google's employees did extremely well at the time of serious unemployment in Silicon Valley and crap non-existing jobs. They (those of them who had their shares registered by the company!) will also get nice payout for their stock options (assuming price won't tank within next 6 months).
Every new mistake however will be reflected in share price and that will hurt at all levels.
Those boys are preferable any day at the helm of an important corporation over any of the self-dealing back scratchers piloting most companies today.
For all the armchair commandos harumphing at Brin and Page, I'll say this: It took a lot of guts to swim upstream against the entrenched corporate interests, including the banking houses themselves, in order to create a more fair distribution of shares. Considering what they just pulled off, I call it stunning success.
Considering that among their lead underwriters was Morgan Stanley, the ultimate Wall Street insider, accused of all possible sins by the authorities, its VCs - the biggest VCs one could get, its CEO - a veteran corporate-man, advisors - veteran professors from establishment universities, one could argue that companies don't come more establishment than Google.
Nice PR spin though to portray itself as something different. This required real guts.
Considering that among their lead underwriters was Morgan Stanley...Nice PR spin
Oh really? Are you being a contrarian for the sake of being a contrarian, or do you really believe what you write?
Dude, they had no choice. When doing an IPO there are only a few back scratching houses to deal with. Not a PR spin. Google did it their own way AGAINST THE WISHES of the banking houses. That is not a PR spin, it's cojones.
[oag.state.ny.us...]
Moreover, Caucasian males rule at MS to the detriment of more qualified women and minorities. (Just like at Google?)
[outtengolden.com...]
The more I come to think of it, Google and MS are meant to be together.
