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Technology Stocks : Alphabet Inc. (Google) -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (297)	8/5/2004 10:24:28 PM
From: Urlman	Read Replies (1) \| Respond to of 15857

>>>Thats just pure greedy.<<< I disagree. Why shouldn't the stock sell for what it's worth rather than the big boys insider club with an invite only get IPO shares at a deflated price and then it finally floats that people have to pay 10X the price of the allotment? The money should go to the COMPANY and not to The Underwriters clients.

To: Wayners who wrote (297)	8/6/2004 5:46:39 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 15857

I tend to agree with that assessment. If it is at the YY price, which could mean it is fully valued, or priced for perfection, and possibly more expensive than yahoo, who in the world shall support it in the market? Only thing which will stabilise it is some additional short interest which could buy, but evidently at much lower prices. But with no "lever" in the form of relatively cheap shares from the offering for an institutional purchaser the incentive to keep the shares is even lower. I do remember many IPOs in 1999 which were still decently priced and left something over for initial buyers and to some extent buyers at the market thereafter. (Ironically some lawsuits alleged that those shares have been priced artificially low providing the initial buyers with some "instant" gain, which overlooked the fact that they were exposed to market risk by having the shares locked up for one year). They should shelve the offering and perhaps later sell it to an institutional investor or to microsoft. Actually, Microsoft could perhaps use their cash for it instead of paying out a large dividend. And then, the news with the illegally issued shares delaying the google IPO is pure bullshit. The reality appears to be that the deal cannot get done unless.... the final sale prices much lower than the result of the auction.

To: Wayners who wrote (297)	8/6/2004 9:54:24 PM
From: Victor Lazlo	Respond to of 15857

It may be greed, it may be good business practice depending on how you see it. IOW, the co's share of the proceeds will be much higher than otherwise, as most ipo's are priced below what the book leader really thinks they're going to sell for.