Larry, Sergy, and Eric featured in Time Magazine

as "People who Mattered 2003

[grnidone]

Sergey Brin, Larry Page and Eric Schmidt are featured in the December 29 Time magazine in their 'People who mattered 2003'.

Page and Brin created the Google.com search engine in '98 and quietly built it into the Web's largest. Now they and CEO Eric Schmidt are planning an IPO that could raise $2 billion.

I don't know...does that count as an announcement or just more to tease the media?

<edit reason>
Removed the link that non subscribers could not get.
</edit reason>

[edited by: grnidone at 11:51 pm (utc) on Dec. 23, 2003]

[rcjordan]

"The story you requested is available only to TIME magazine subscribers"

[grnidone]

Sorry about that. It is a photo essay, and the one paragraph next to the picture says this:

The Google Guys
Young, nerdy, ready to IPO: Larry Page, Eric Schmidt and Sergey Brin made it seem not so much like 2003 but 1999. Page and Brin created the Google.com search engine in '98 and quietly built it into the Web's largest. Now they and CEO Schmidt are planning an IPO that could raise $2 billion. Competitors are swirling below, but who else has invented a new verb? If you need info on a new bar, new film, new fling, whatever—you Google 'em.

[Chndru]

If G would be available for $2 billion, it would be gone in a flash. Vastly under-rated.

[Shak]

$2 billion

?

maybe just for Sergey Brin and Larry Page :)

somebody got their figures all mixed up methinks...

Shak

[Chris_R]

They are are talking about raising $2 billion for the company - not that the company is worth $2 billion.

As in - This is just a hypo:

1 Billion Shares at $20

$20 Billion Market Cap.
-----
Larry owns 250,000,000 shares ($5 Billion)
Sergey owns 250,000,000 shares ($5 Billion)
Early Investors own 250,000,000 ($5 Billion)
Inside Google Employees own 150,000,000 shares ($3 Billion)
100,000,000 shares are floated ($2 billion)

This is just a wild guess, but I think that they are talking about the actual CASH they will raise. Google will actually have $2 Billion Dollars that they can use to buy stuff with.

When people say google is worth $20 billion - they just mean:

total number of all the shares * price for each share = $20 billion
This is what is known as Market Cap

When people say google is planning an IPO that could raise $2 billion I am pretty sure they mean:

total amount of money GOOGLE INC (not Larry, Sergey, GG, amd Everyone Else) will make - just Google The Company

I think that is what they mean - otherwise - I can't get things to make sense. If google actually goes for a MARKET CAP $2B - I'll be buying a few shares....

[brotherhood of LAN]

Google, market leaders

What would they actually NEED with that money? Not saying the don't need it, and sure they'll welcome cash for improvements, but that's a vast amount of money considering they made what they made (Google!) without that sort of capital.

//and sure, those investors like their cut, but its still a lot of money :)

[ronhollin]

You guys need to realize that Goolge doesn't own all of Google. Sounds strange? Thought so. Actually G is well known for it's PageRank, which is not owned by G but instead by the Stanford University and the US Government. Look into it.

[john316]

>considering they made what they made (Google!) without that sort of capital.

The barrier to entry is very low. 10 million dollars worth of cheap PCs, a decent algo and you too could win the IPO jackpot!

If you think think webmasters get tweaked when google hiccups, wait until Joe Investor loses a few bucks, they'll hate the logo (no matter how cute it is).

[Kirby]

>You guys need to realize that Goolge doesn't own all of Google. Sounds strange? Thought so. Actually G is well known for it's PageRank, which is not owned by G but instead by the Stanford University and the US Government. Look into it.

And until this issue is resolved, there will be no IPO.

[sidyadav]

Standford University >> Google>> PR
Not, Standford >> PR >> Google

Sid