[sweatnspice]

" The company generated $961.9 million in revenue in fiscal 2003 and posted $105.6 million in net profit. That marked the third consequitive year of profits for the Web's most popular search engine. "

http://news.com.com/2100-1024-5201978.html

[jpomerenke]

Im kind of curious what price they will sell the IPOs for. I guarantee that the stock will open way above the IPO price. This IPO has been pumped ever since there was rumors of the public offering 6 months ago.

The thing is are those financial numbers real? No way of knowing since its a private company. Lets wait and see until they file there first earnings report when they go public


Only oe way of knowing.... If all is real it could be a good stock to own.

[sweatnspice]

Last I heard they were speculating an opening price of $20-30 and a peak at about $60 - But we'll see. If they decide to do paid inclusion, everything could be different.

[expisp]

Joey,
are you investing? Do you get excited over stuff like this?

[jpomerenke]

No investing here lately.
I wouldnt say i get totaly excited over it. Its the business ive been in for a couple years so i find it interesting. Its the whole business aspect of it i like more then the stock market part. Google will be recieving approx 2.7 billion if i rember right when they launch the ipo. In other words.... lots of cash

[sweatnspice]

Besides giving themselves a big raise, what do you think Google will do with the 2.7 Billion? Do you think they will buy other properties or continue to develop themselves?

[jpomerenke]

Google has always looked more long term in there business plans. As for what they are going to do with it???? who knows. I personally dont think they need the money. I think they are doing it more for the company in general. Its always been more "cool" lol to be a public company then a private company. Google has lots of cash they are just sitting on collecting dust and prolly some intrest, so they didnt need to do this for working capital by any means. Most companies after a certain period if they make enough money end up going public. Its how business works.

[Onyx]

From what I've read Google really didn't want to float, but they've been pressured in to it for various reasons. I'm sure the money will come in handy, but I also don't feel they need it.

One other interesting thing I read was that they are predicting much lower profits this year, perhaps even a loss, as they devlop new income streams. How will that affect their shares, particularly if people are just buying because of the name and not looking into the actual business side of things.