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Technology Stocks : GOOG Google: let's party like it's 1999 !
GOOG 1,349-0.1%12:06 PM EST

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To: KeepItSimple who started this subject9/2/2004 2:11:23 PM
From: Bridge Player   of 17
 
From a Faces in the News column in Forbes:

<<<<
Feeling lucky? That's the alternate choice given to those using Google's (nasdaq: GOOG - news - people ) Internet service: A random shake-up. It may well be the question posed by the market to the tremendous search engine itself, upon the latest step in its initial public offering. On Thursday, Google employees and other insiders will be allowed to sell an additional 4.67 million shares of the company's stock, providing another Litmus test of the firm's popularity with investors--and further validating or lambasting the unorthodox IPO strategy of founders Sergey Brin and Larry Page. After finishing the IPO process, most firms bar employees and other pre-sale investors from selling their shares for the first few quarters, to prevent selling pressure upon the share price. But by granting permission to Google's workers to cash in its IPO so early, Brin is gambling on two factors: that investors are still intrigued enough to buttress the stock price, and that employees will actually demur from a mass dump, opting to hold on to much of the stock in the hopes--or faith--that the shares will only grow more valuable in the future. Doubtless the Web site's chief rivals, Yahoo! (nasdaq: YHOO - news - people ) and Microsoft's (nasdaq: MSFT - news - people ) mediocre MSN search, will watch the progress closely. Anyone who's curious about the outcome knows where to search. >>>>
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