What will Wonka…er, Google do next?
by admin - March 30th, 2006 10:54 am
For those who haven’t been keeping a score tally lately, or don’t own any Google stock; and moreover like the author, merely know Google as a friendly, familiar search-engine service, enter the subtle peculiarities of its NASDAQ portfolio.
Since the announcement of its inclusion into the S&P 500 last week, Google’s shares jumped by a whopping 6%, only to slip again by 2% on Thursday, on the strength of its announced plans to sell an additional $2 billion in stock –5.3 million shares. The proceeds from the sale will be used for “general corporate purposes, including working capital and possible acquisitions of complimentary businesses, technologies and other assets, “according to Google’s registration statement with the Securities and Exchange Commission
That sounds cryptic enough, and experts expect a major acquisition is looming. Already brimming with 8 billion, what’s next? Will it purchase Facebook? Will it invest in Asian Internet companies, or other sources of information technology?
Characteristically tight-lipped, Google’s making nothing clear or certain. And despite its recent share slide, it’s a robust force bound to molt.
Related posts:
- Double-sized Christmas gift for Google! After a debate that lasted until Thursday last week, the...
- Google Finance Looks Slick For years something has been missing from Google’s world of...
- Quigo and AdSonar – A Formidable Opponent to Google & Yahoo? At first glance I didn’t give Quigo much thought… in...
- Google Product Search: Untapped Traffic & Qualified Customers It used to be that doing a simple search on...
- 20 Questions to a Google Search Guru Popular Mechanics has recently published an interesting 20 questions rare...
