Forum Moderators: goodroi
[sec.gov...]
So that elderly gentleman Brian Reid who was fired did loose a potential 16 Million in Options! ... Poor Chap!
Obtain a bidder ID. You will need to go to <b>www.ipo.google.com</b> and follow the directions!
Thats normally the main reason for company's to annonunce stock splits!
We strive to continuously improve them or replace them with something even better as we learn more, and the technology just gets better and better.
Select the area between that line and the Footer A18.
[edited by: xcandyman at 1:49 pm (utc) on July 26, 2004]
Also worth noting was what may have been one of the best investments ever is:
Andreas Bechtolsheim's 100,000$ dollar check turned in to 437,303,680 USD
This page is not yet ready.
A copy of the prospectus relating to the securities to be offered by Google Inc. may be obtained, when available, from:
* Morgan Stanley & Co. Incorporated
Prospectus Department
1585 Broadway
New York, NY 10036
(800-364-5990)
* Credit Suisse First Boston LLC
Prospectus Department
One Madison Avenue
New York, NY 10010
(212-325-1075)
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
Additionally, Google reported second-quarter earnings of $79.1 million on revenue of $700.2 million, up from earnings of $64 million on revenue of $651.6 million in the 2004 first quarter, according to the prospectus.Operating income for the second quarter was $171 million, up from $155.3 million in the first quarter, according to the filing.
Yahoo News [news.yahoo.com]
We also compete with destination web sites that seek to increase their search-related traffic
Destination Web sites is that meant in travel or general websites? Does Google see now website that rank at Google as a competitor?
cheers
viggen
edit;
never mind, should have read the second part too :/
...These destination web sites may include those operated by Internet access providers, such as cable and DSL service providers.
goog [encarta.msn.com](plural googs)
noun
egg: an egg ( slang )
A nest egg? golden egg? ^_~
(edit) As an aside, how is it possible to write such crappy html? What is the point even? There are ~35,000 errors in that document.
[edited by: BReflection at 3:09 pm (utc) on July 26, 2004]
Not sure what current PE is for that sector...but sounds about right, if not low
Google - $135 (Current Price)
24,636,659.00 = Shares Outstanding
$105,600,000.00 = 2003 Net Income
$4.29 = EPS - Earnings Per Share
$3,325,948,965 = Market Cap
Yahoo - $27.22
1,350,000,000.00
$237,879,000.00
$0.18
$36,747,000,000.00
Microsoft - $28.57
10,860,000,000.00
$9,993,000,000.00
$0.92
$310,270,200,000.00
Amazon - $38.77
406,860,000.00
$35,282,000.00
$0.09
$15,773,962,200.00
Ebay - $74.05
657,360,000.00
$441,771,000.00
$0.67
$48,677,508,000.00
I messed up and used operating income in my 40 PE calc before...using the
'Google reported second-quarter earnings of $79.1 million '
info
along with $120 per share, 24M shares, and annualizing the $80M in quarterly income, you get around
77 PE
high...but maybe worth it? who knows...
Given present valuation of Yahoo, I would have guessed Google's fair value to be about $20 billion or lower.
[money.cnn.com...]
The market wants and is used to thinking of a business as a side product of a stock. BRKA, and Google, think of a stock as being a side affect of a business.
Raw price isn't really important at all to Google. As a BRKB owner, I think the grumbling has to do with firms that want to buy a stock not being on the save wavelength as Google, who are selling part of a real business using a stock as the vehicle.
This should be interesting...
They are saying 36 billion? Is there really that much growth potential? They don't have any "secret" technology.. yahoo is doing almost as good as google..
Anyway, it may be just me.. but I was at one point planning to bid, but not anymore.
You are assuming that Google will continue making 320 million a year, and the discount rate is 10%. Assuming the same discount rate of 10% (assuming risk premium of 7% and risk-free rate of 3%) an assumption of perpetual growth of 5% will make the valuation 320 MM/ (.10 - .05) = 6.4 Billion.
Assumption of perpetual growth rate of 9% will make it 320 / (.1 - 0.09) = 32 B. In reality - a high growth rate followed by a lower growth rate model is assumed - say 20% initially and 5% in the long-run, and discount rate could be higher becasue of its riskiness compared to average market stock.
My non-professional suggestion is to wait out the initial hype and euphoria and buy later at substantial discount. This stock is not leaving the station.(Or short initially and cover later to reap more rewards.) Smart money will likely do the same. Keep in mind the company and its stock underwriters always try to pick the timing that is most beneficial to them - that it when they can sell at the highest price. This is their job. Check out the number of SEC and various Attorney general's investigations against the underwriters regarding fooling individual investors, as every IPO investor should do before buying. That will be quite revealing.
Lots of stories will be planted by investment banks underwriting this stock and the company's PR team in friendly media that how $1 investment in Google 6 years ago became a trillion dollars today, or something like that, leading people to think that similar feat will be duplicated again. Fat chance, in my view.
$1 investment in Google 6 years ago became a trillion dollars today, or something like that, leading people to think that similar feat will be duplicated again. Fat chance, in my view.
Very True. The average cost per share to google was 35 cents. According to Google's estimates - people will put up 95% of the money to own 5% of google (less if you count voting rights). Of course this is the way it should be - but keep it in mind when shelling out the dough.
Also - I think some of the headlines are confusing. Keep in mind google is only putting up
"Google says IPO would be worth $US3.3 bn - Sydney Morning Herald"
vs
"As It Goes Public, Google Says It Is Worth Up to $36 Billion - New York Times"
Keep in mind that google is only putting up ~9% of it shares. That is the amount that google itself (plus some of its investors) will get back in cash. This is the figure the Sydney Morning Herald is talking about.
Now if everyone sold their shares (including the 91% which is left with google insiders) at the price that google thinks they can get for them - that is the price the New York Times is talking about.
Just thought I would point that out if anyone was confused by it.
