Google execs just don't get it

[NelsonN]

Google's IPO has been laughable since the start and company executives have not helped matters at all.

First, the share price is ridiculous. Does anyone really think that Google's per share price is worth anywhere near the $130 to $180 dollars being quoted? If you think so, then answer this. Why would they be worth more than General Electric, a company that generates billions of dollars per quarter?

Second, they gave away shares for years, and didn't mention it?

Third, they are supposed to be quiet until after the IPO has ended. Yet, they have given an interview to PlayBoy? :1orglaugh

OK guys, enough is enough, get your house in order. You ivy league yuppies are supposed to be smarter than the average joe.

[Leo]

First, the share price is ridiculous. Does anyone really think that Google's per share price is worth anywhere near the $130 to $180 dollars being quoted? If you think so, then answer this.
Yeah! They are asking for the moon for sure. I'd wait a while 'til I bought any of their stocks.

[NelsonN]

News! :1orglaugh

"Google has now brought down the share price to $85 and $95!"

As you can see I am not a fan of Google's insane share price. To be honest, the share price, taking into account real valuations, for Google's IPO should be between $8 and $15 a share. But I have yet to see anyone in the press mention any of this.

I still can't believe people are so gullible, but that shouldn't surprise me. It's the reason people, in politics, vote for political parties instead of by their reps and senators real record in their communities.

The majority of this money will fatten the pockets of the founders and not even go into the company itself. Remember folks, companies should go public only if there is a need and not the other way around--to make the founders and execs rich.

Remember, you read it here folks. (These opinions are my own and do not reflect TGPs Rule!'s opinions.) I always wanted to write that :D.

[Itchy]

Yahoo: Share price premium 'no longer justified'
They were revealed after the close of trading on Wednesday.
The shares closed down $2.99, or 15.2%, at $15.45 on Thursday.
Thursday, 11 April, 2002, 20:48 GMT 21:48 UK

and Yahoo sells for 28 today
http://finance.yahoo.com/q/bc?s=YHOO&t=1d

google as much as i love that se they are still way out to lunch for that price :evil: :evil: :evil:

[NelsonN]

Google shareholders who bought at $85 dollars and sold today on the up made out quite well. I just wonder what's going to happen to the price in the next week. Or when shareholders really realize what they have bought. I wonder how many know that no class-b shares were sold--meaning that shareholders are at a disadvantage when a vote is ever called; at 10 votes for every class-b shares versus 1 vote for a common share.

What I have mentioned here in this thread is not even close to what wrongs have been done with this hyped up bullshit of an IPO. Gives new meaning to the "don't be evil" blah, blah, quote coined by the founders of the company. I guess they meant we shouldn't be evil! :1orglaugh

I just love how the media perpetuates this hype even further by comparing Google to, for example, Yahoo--a company with, at least, some hard assets.

The guys at the Fool have got this one pat! Read and be enlightened (there are many articles on Google):

http://www.fool.com/News/mft/2004/mft04081918.htm

[thruma]

If you think the price will drop you could always "short sell" :)

[NelsonN]

It's not marginable for the first six months. By that time, well...we will see.

[thruma]

I just noticed your location is PR.

I used to live there. I love it down there.
Though it does get too hot in the summer.

[NelsonN]

Tell me abou it. My monthly electric bill is like $114 a month, the AC unit is killing me. :(

[thruma]

Tell me abou it. My monthly electric bill is like $114 a month, the AC unit is killing me. :(

Not to mention having to reset the clock radio all the time because of the power outages.

[NelsonN]

"Venture capitalists typically are not allowed to sell shares in a company until six months after it first goes public. But Mr. Doerr and Mr. Moritz, as members of the Google board, granted themselves the right to sell a portion of their holdings sooner than that. It is doubtful they will sell all their remaining shares in six months, because doing so could cause a steep drop in the stock price."

http://www.nytimes.com/2004/08/23/technology/23google.html