Wednesday, August 18, 2004
Google..
I cannot for the life of me understand what the big deal is with this company. Despite the public having no access to the their financial statments,they are still managing to come out with an IPO that will premier in the $100 dollar per share range. That share price tops GE, Phizer and IBM. Even yahoo which provides a more extensive free service to the public is valued in the thirty dollar per share range. Go figure. Is the American public going to be a sucker again? Did the dot com craze teach us nothing? Like Reality TV contestants, stock holders will get what they deserve. I can only assume that rising interest rates just make a pie in the sky dream of actually profiting from such a company that much more compelling to the desperate. I guess I just don't know what people are thinking. Who will actually be buying into all this hype? Stay tuned. The release will be soon..
http://story.news.yahoo.com/news?tmpl=story&cid=562&e=2&u=/ap/google_ipo
I cannot for the life of me understand what the big deal is with this company. Despite the public having no access to the their financial statments,they are still managing to come out with an IPO that will premier in the $100 dollar per share range. That share price tops GE, Phizer and IBM. Even yahoo which provides a more extensive free service to the public is valued in the thirty dollar per share range. Go figure. Is the American public going to be a sucker again? Did the dot com craze teach us nothing? Like Reality TV contestants, stock holders will get what they deserve. I can only assume that rising interest rates just make a pie in the sky dream of actually profiting from such a company that much more compelling to the desperate. I guess I just don't know what people are thinking. Who will actually be buying into all this hype? Stay tuned. The release will be soon..
http://story.news.yahoo.com/news?tmpl=story&cid=562&e=2&u=/ap/google_ipo
# posted by DH @ 7:08 AM 
