Google goes Public - Just a cool company

[vass0922]

http://news.com.com/2100-1024-5201978.html?tag=nl

founders Brin and Page included a letter to investors, which they dubbed an "Owner's Manual for Shareholders." The letter outlines the company's goals, warning investors that Google as a public company will not follow the usual path.
....
'We won't smooth quarterly or annual results: If earnings figures are lumpy when they reach headquarters, they will be lumpy when they reach you.'"

Another flourish involves the company's allegiance to its geeky roots: The amount of the $2.7 billion offering contains an inside joke for the math-minded. The exact offering, $2,718,281,828, is the product of "e" and $1 billion, where "e" is the base of the natural logarithm--a logarithm especially useful in calculus--and equals 2.718281828

Definataly a company with class.

Brin, president of technology, earns $150,000 with a bonus of $206,000; and Page, president of products, earns the same as Brin. Omid Kordestani, senior vice president of worldwide sales, makes $175,000 annually, with nearly $400,000 in bonuses. Wayne Rosing, vice president of engineering, earns $175,000 annually, with $150,000 extra.

Is it just me or does this not seem like that much money?
Yes its a good chunk of money, but certainly not for a company with Google's stature.

[ShawnD1]

And what does Google do exactly? It's a search engine, which is free, so where is all this money coming from?

[vass0922]

1. Advertising
2. AOL uses Google as their search engine. (imagine other companies do as well)
3. Google sells an API to tie into their search engine for applications

I imagine they could do some consulting for mathmatic algorithms as well.

[RayH]

As Google is about to go public, I don't particularly use them any more. They're really have gotten to be a bunk search engine. They may be alright in searches for product vendors.

I'm using Copernic Agent to tie my searches together!

[vass0922]

I agree their search engine has gotten overloaded with results from other search engines

A tip that was mentioned in another thread is to tag on '-search' to the end of your search string to help clear out that junk.

[electric]

last time i heard the banks where lining up for this IPO
two of them were going to pocket 100 million dollars off
this deal,i guess google must have change their minds

[vass0922]

Changed their minds of?

Doing an IPO?

Legally at 500 employees they're required to divulge financial information to the SEC (read an article that explained it) so today was the deadline to give the financial information, so the idea is why go through all the hell of providing the information/paperwork w/o the benefits of going public?

[electric]

here's what i was refering to

BRIEFING.COM - Robert V. Green] Google's decision to go public and raise $2.7 billion has brought a lot of focus back to the IPO market. The investment bankers stand to make somewhere between $120 and $140 million in fees

http://briefing.com/Silver/Perspecti...AllColumns.htm

"How IPOs Work - Google's Is Different "

good read

[vass0922]

http://www.sfgate.com/cgi-bin/articl...GLD6CFND34.DTL

Instant Billionaires

[Gait_Keeper]

I need to go pulic

good info everyone