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To: Glenn Petersen who wrote (13286)4/12/2012 6:40:11 PM
From: Sr K   of 13648
 
The attorney's postscript could have been more truthful than "Given that Larry, Sergey, and Eric control the majority of voting power and support this proposal, we expect it to pass."

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To: Kirk © who wrote (13288)4/13/2012 2:43:05 PM
From: Trader J1 Recommendation   of 13648
 
Looking at the mechanics of the Google split, that is just an amazingly horrible and evil thing that they are trying to wrap-up in what many would consider to be a positive thing ... a 2:1 split.

It is truly a power grab and seeks only to dilute shareholder value. I've been a huge fan of Google for a long time, writing many pieces a decade ago about how they were going to leverage their size, brand and ad. model into new verticals ... getting flamed by many in the process who felt GOOG's model was too narrow to survive long term.

This single action shows me what they really have in their collective hearts. It IS, share mechanics wise, extremely evil and they need to drop that phrase from their supposed tenet list and legacy.

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To: Trader J who wrote (13293)4/13/2012 3:12:51 PM
From: Win-Lose-Draw   of 13648
 
I'm with you. This is a nasty piece of work. Not a stock I would touch, going forward.

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To: Win-Lose-Draw who wrote (13294)4/13/2012 3:56:28 PM
From: Jurgis Bekepuris   of 13648
 
OT.

I wonder how many people denouncing Google's no-voting stock actually vote their proxies... or hold the stock long enough to care... :)

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From: Mark30004/13/2012 10:55:43 PM
   of 13648
 
4-13-2012 and update to the Options Action trade

received a tweet from brian about this trade, updated the trade here:

http://cnbcoptionsactionstrades.blogspot.com/2012/04/goog-options-action-trade-452012-and-my.html

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To: Trader J who wrote (13293)4/14/2012 12:12:30 AM
From: richieb   of 13648
 
maybe you'll have to explain it better to me.
I understand your basic point, but this is like Larry saying, "hey, this our company, we've done extremely well, we don't want any meddling with our long term strategy from any Gordon Gekkos, you trust us and let us do our thing unencumbered."

I still love Google, their products, and the company ... feel free to counter my simplistic logic. I'll still trust those three guys to produce results. It is not a dilution of earnings, just voting rights.
Couldn't we say the same thing Berkshire Hathaway and their B shares?

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To: richieb who wrote (13297)4/14/2012 9:32:06 AM
From: Kirk ©   of 13648
 
"hey, this our company, we've done extremely well, we don't want any meddling with our long term strategy from any Gordon Gekkos, you trust us and let us do our thing unencumbered."

That is what shareholder votes are for. The board puts up what it wants to change, especially the pay packages they want to give themselves, and the shareholders approve it.

I usually go along with all the board recommends and figure if they screw up I sell the stock. BUT, the last 12 years or so I often vote NO on any requests to dilute shares once the company is past a certain size.

I just did a calculation for my next newsletter about Google numbers from the earnings announcement that matter the most to me:


Item

 Q1-2012

 Q1-2011

 Change
Revenue $B

 10.645

 8.575

 24%
Net Income

 2.890

 1.798

 61%
EPS - diluted

 $8.75

 $5.51

 59%
Shares Outstanding

 330.1M

 326.4

 1.13%


Hope it shows....

What bugs the piss out of me is we get NO DIVIDEND yet they diluted the shares by 1.13% in the last year. I'd rather they not do that and use the money to pay a 1.13% dividend.

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From: Sr K4/14/2012 7:38:11 PM
   of 13648
 

FCC Proposes $25,000 Fine on Google

The FCC proposed a $25,000 fine, accusing Google of obstructing a probe into whether it violated federal rules when its street-mapping service collected and stored data from unencrypted Wi-Fi networks. 56 min ago

wsj.com

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To: Kirk © who wrote (13298)4/14/2012 9:58:00 PM
From: Investor2   of 13648
 
Re: " I usually go along with all the board recommends and figure if they screw up I sell the stock. BUT, the last 12 years or so I often vote NO on any requests to dilute shares once the company is past a certain size."


I have also begun voting against many things that dilute the shares, even though recommended by the insiders.

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From: richieb4/16/2012 2:01:15 AM
   of 13648
 
here is an article about what Sergi Brin told the Guardian about the need for an Open Internet, and the entertainment industry IP laws they are trying to pass.
news.yahoo.com 

good read IMO

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