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Old 03-30-2006, 08:46 AM
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Default Google share sale to raise $2bn

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
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Old 03-30-2006, 08:52 AM
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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.
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Old 03-30-2006, 09:49 AM
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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?
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Old 03-30-2006, 10:43 AM
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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.
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Old 03-30-2006, 10:54 AM
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Ahhh,
Now I understand, I think they know something we do not know
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Old 03-30-2006, 06:32 PM
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Something's rotten in Denmark. I don't like the smell of this at all.
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Old 03-30-2006, 06:35 PM
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Hey hey,
Look who is here, where have you been Pau
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Old 03-30-2006, 10:37 PM
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Quote:
Originally Posted by Paul_KY
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
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Old 03-31-2006, 02:48 AM
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I wonder if this money will go toward a google OS and google computer.
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Old 03-31-2006, 07:18 PM
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Quote:
Originally Posted by OldWelshGuy
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!
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