Google share sale to raise $2bn

[temi]

Google is set to join the elite group of firms on the S&P index
Google has unveiled plans to raise up to $2bn (£1.15bn) through the sale of a further 5.3 million shares.
The California-based internet search firm outlined its plans in a filing to the US Securities Commission.

The news also coincided with Google finalising the details of its $1bn strategic alliance with Time Warner's AOL unit.

full story: news.bbc.co.uk/1/hi/business/4859586.stm

 

[OldWelshGuy]

What the HELL ar they up to with their further floatation. WHY do they need this extra money? They are going on a shopping spree by the looks of it.

 

[temi]

But this also suggests they don't quite know how to plan, why do you need to keep raising money every few months if you have a good strategic planning in place?

 

[OldWelshGuy]

Temi, that was my point, they DON'T need to raise money, they are amazingly cash rich. To me this says one of two things,
1. they are going on a shopping spree and have expensive aquisition plans in mind

2. they know something we don't about the marketplace and are cashing in while the stocks are high.

 

[temi]

Ahhh,
Now I understand, I think they know something we do not know

 

[Paul_KY]

Something's rotten in Denmark. I don't like the smell of this at all.

 

[temi]

Hey hey,
Look who is here, where have you been Pau

 

[OldWelshGuy]

Something's rotten in Denmark. I don't like the smell of this at all.

Totally agree with you Paul 2+2 don't make 4 on this one

BTW empty your damn inbox of pms, I can't pm you and have a question

 

[Duke]

I wonder if this money will go toward a google OS and google computer.

 

[Paul_KY]

Totally agree with you Paul 2+2 don't make 4 on this one

BTW empty your damn inbox of pms, I can't pm you and have a question

LOL - Done!