Word: brin
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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...
...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
Searching For Billions For the past six months, Silicon Valley has been buzzing with the prospect of tech's first blockbuster public offering since the dotcom crash: search engine juggernaut Google's IPO is expected in a couple of weeks. But Google founders Larry Page and Sergey Brin seem determined to spoil the party. Last week the company gave an unusually bullish official estimate of its opening share price: $108 to $135 per share, or more than 150 times annual profit per share. Historically, most large companies average about one-seventh of that. Google watchers were split on the reason...
...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...