Word: brin
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Dates: during 2000-2009
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...features was a simple button beneath its search box that reads ?I?m feeling lucky.? The intention is for info-hungry masses to enter search terms, click on the ?lucky? button and, voila, land on precisely the web page that they always wanted but could never find. When Sergey Brin and Larry Page created Google, this was their way of showing us just how good they could be - like two kids bouncing into their parent?s den to show off a new magic trick...
...their next trick: taking on Wall Street pros at their own game and, improbably, coming out on top. Although much media coverage of Google?s Initial Public Offering portrayed it as a debacle, it was anything but. Brin and Page defied conventional wisdom by launching an IPO that marginalized middlemen and flustered investment bankers. The end result of its Dutch-auction: the company raised $1.67 billion in cash and millions for its individual employees. But it wasn?t without some turbulence. Brin and Page ran afoul of the SEC, reduced the number of shares sold and slashed the offering...
...past six months, Silicon Valley has been abuzz with the prospect of the first blockbuster public offering in the tech sector since the dotcom crash: the IPO of search-engine giant Google, expected this month. But Google founders Larry Page and Sergey Brin seem to be doing their darnedest to dampen the hype. The company last week gave an unusually bullish official estimate of its opening share price: $108 to $135 a share, or more than 150 times annual per-share profit. (Most large companies average about one-seventh of that.) Google watchers were split on the reason. Either Page...
...bidder. Google's SEC filing warns of a possible "winner's curse," in which the price drops at the start of actual trading. Still, some investors will be winners in any event. Google employees stand to make an average of $2.8 million at the estimated share price. Page and Brin themselves are set to make a one-day profit of $130 million each. Another big winner: Yahoo, which invested early in its rival and now has $67 million worth of options. --By Chris Taylor
...Mahaney, analyst for American Technology Research, "this is a real case of buyer beware." Not that there's much up for grabs. Only 9% of Google shares are being made available, and each of those will have one-tenth the voting rights of a share owned by Page or Brin, who are set to earn a one-day profit of up to $130 million each, and become billionaires - at least on paper. Who says the days of dotcom wealth are dead? Much Ado About Doing Nothing So what if the 35-hour week is holding back economic growth. Less...