- Google Initial Price Wasn’t Really Dutch
- Dutch Auction pricing should have set price for over $100
- Google offered initial price at $85 and only release 75% of the stock
- Initial price spiked to $109 first day (87 price to earnings ratio)
- Google’s Governance is Weak
- Institutional Shareholders Services ranking
- Google lower than company in the S&P 500
- Negatives include board practices and takeover defense
- Dual class capital structure with unequal voting rights
- Less than 2/3 of board members are considered independent
- Googles Real Competition
- No competition in search space
- Real competition will be from portals (Yahoo, MSN, Amazon)
Show of 8-28-2004
August 28, 2004
- Google News