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Google plans to sell another 5.3 million shares

Search giant hopes to raise more than $2 billion to finance expansion plans

     
12:18 am on Mar 30, 2006 (gmt 0)



"The company had $8 billion in cash at the end of 2005, but Google plans to draw down that amount to invest $1 billion in America Online during the second quarter. Google’s filing indicated the company will sell its latest round of stock next month."

[msnbc.msn.com...]

Brilliant move if you ask me. The stock is sky high and this way Google has money for many years...regardless of what happens to the sector.

12:26 am on Mar 30, 2006 (gmt 0)

10+ Year Member



Even as its iconoclastic founders have thumbed their noses at Wall Street’s conventions, Google has used the stock market like an automated teller machine since its much-ballyhooed initial public offering in August 2004.

Thats one heck of an ATM, can't blame them for gettin while the gettins GOOD, only problem is nothing goes straight up and someone (peon investors) will get left holding the bag when things come down to earth. They've rolled out nothing of significance since raising all that cash.

12:46 am on Mar 30, 2006 (gmt 0)

10+ Year Member



They've rolled out nothing of significance since raising all that cash.

Google is everywhere; pretty soon it will be as ubiquitous as air. It doesn't need to do anything revolutionary, but to instead grab more market share and more eyeballs.

1:03 am on Mar 30, 2006 (gmt 0)

10+ Year Member



ubiquitous as air

with expectations like that maybe they should go for more than the 2 bil. The foray into print advertising was bust, won't be any ubiquity there, I think they are destined to be ubiquitous on MFAs and their "free" services, dats about it.

1:41 am on Mar 30, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



CEOs mansion expansions? :)
2:13 am on Mar 30, 2006 (gmt 0)



>> CEOs mansion expansions?

that is seperate: this is a sale from Google, the company, not the founders or other execs. I wonder if they founders are still selling, I knwo they sold about $1 Billion each already.

1:14 pm on Mar 30, 2006 (gmt 0)

WebmasterWorld Senior Member trillianjedi is a WebmasterWorld Top Contributor of All Time 10+ Year Member



I wonder if they founders are still selling

I think there are limits to the amount they're allowed to sell under stock market regulations while they're still on the board?

In any event, while they're still looking to raise cash and therefore keep the price high, board members selling off wouldn't be a good idea...

TJ

8:55 pm on Mar 30, 2006 (gmt 0)

10+ Year Member



Two important words: stock dilution.

Looking at the way both the share price and the alexa rankings have gone recently this feels a bit like an already big company trying to get as much cash from investors while the price is as high as it will be for a while.

7:15 am on Apr 4, 2006 (gmt 0)

10+ Year Member



how can people say google is doing nothing? We just read several posts earlier about how significantly their market share has improved. They've also streamlined their product development--coming out with new services virtually every month or so.

And not to mention that this AOL partnership has, and will continue, to bring a great stream of revenue. If you somehow think that Google hasn't come out with anything significant, then maybe you should take a hardlook at the forum you're browsing right now. There's a wealth of news on where they've come from and where they're going. Its only proper for them to seek more capital as they make big plans.

 

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