AI
Tuesday, November 22, 2005 10:59:35 PM
Goog on Riya...more on speculative exhuberance...
Google’s $7B Question
With $7 billion burning a hole in its corporate pocket, analysts say Google still needs to make search its top priority.
September 15, 2005
Google generated $4.18 billion in its much-anticipated follow-on offering, bringing its cash balance Thursday to about $7 billion as speculation swirled about whether the search giant would spend the cash on acquisitions, expansion, service improvements, or new projects.
The Mountain View, California-based search giant priced the additional 14,159,265 shares at $295, which was 2.7 percent below Wednesday’s closing price of $303. The underwriters have an option to purchase an additional 600,000 shares to cover over-allotments, which would bring the cash total to about $4.35 billion.
http://www.redherring.com/Article.aspx?a=13589&hed=Google%e2%80%99s+%247B+Question
Google has risen on average 12.5% per month during the past two months, somewhat irrational exhuberance?
Google’s $7B Question
With $7 billion burning a hole in its corporate pocket, analysts say Google still needs to make search its top priority.
September 15, 2005
Google generated $4.18 billion in its much-anticipated follow-on offering, bringing its cash balance Thursday to about $7 billion as speculation swirled about whether the search giant would spend the cash on acquisitions, expansion, service improvements, or new projects.
The Mountain View, California-based search giant priced the additional 14,159,265 shares at $295, which was 2.7 percent below Wednesday’s closing price of $303. The underwriters have an option to purchase an additional 600,000 shares to cover over-allotments, which would bring the cash total to about $4.35 billion.
http://www.redherring.com/Article.aspx?a=13589&hed=Google%e2%80%99s+%247B+Question
Google has risen on average 12.5% per month during the past two months, somewhat irrational exhuberance?
