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Technology Stocks : Alphabet Inc. (Google)
GOOGL 331.84+1.0%Jan 12 3:59 PM EST
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To: Glenn Petersen who wrote (304)8/6/2004 10:54:22 AM
From: Dave Budde  Read Replies (3) of 15857
 
The Google founders spend a lot of time talking about how they want to model themselves after Warren Buffett. Unfortunately they fail miserably at that in this IPO process.

Anyone who knows anything about Buffett will tell you that his first responsibiliy is to his investors. He doesn't take a dime until and unless his investors make a positive return on their investment. This garners an enormous trust in his investors. And it lasts a lifetime.

Everything about the Google IPO (the price, the shareholder selling, the auction process, etc.) is geared toward taking money for themselves before anyone else can make a return on their investment. How does this garner trust. It just doesn't. I have a very high opinion of Google technology and their business model to date, but have lost any potential trust that I may have had as a potential investor.

I have no plans to invest in this company until they make whatever changes are needed to earn that trust.

I predict this IPO will either not happen or will fail miserably in terms of price stability after the IPO is complete.

Just my opinion....I hope I'm wrong about all this for those of you who do decide to participate in the IPO.
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