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

To: olivier asser who wrote (895)	2/10/2005 10:20:17 PM
From: Lizzie Tudor	Respond to of 15857

you sound like a typical short conspiracy theorist. The reason class xxx shares get converted to class A is because they were PLACED with one of the funds or institutions. They were probably sold, but its done in a private transaction. Big deal.

To: olivier asser who wrote (895)	2/10/2005 10:21:44 PM
From: djia101362	Read Replies (2) \| Respond to of 15857

We shall see who is wrong soon enough. Come back a week from today and let's discuss it. Hopefully the person that turns out to be wrong will be man enough to admit to it.

To: olivier asser who wrote (895)	2/11/2005 12:46:44 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 15857

You know, I think the unconventional part of the GOOG lockup exercise was the speed of the lockup expirations that happened initially, so soon after the IPO. 6 mos which is where we are now is pretty standard for a lockup expiration. What the following says (this was a negative article on the goog IPO 6 mos ago) is that the 90 day lockup expiration was the real issue. THAT would have been when they should have "paid the price" or whatever, in the form of a declining stock price. It was only their stellar numbers that kept them afloat of course. And then there’s the unusually short “lockup” period before company insiders and existing investors can sell shares on the public market. Generally speaking, company insiders are barred from selling their stock within the first six months of an IPO. Limiting insider stock sales helps prop up the price of the shares. Savvy IPO traders, in fact, know to sell before the lockup expires, releasing a flood of new shares onto the market. The Google lockup expires unusually quickly. After 15 days, an additional 4.6 million shares are eligible for sale. After 90 days, an additional 38.5 million shares are eligible for sale. That’s 43.1 million shares, or almost twice the 24.6 million shares that Google will sell in its IPO. That potential supply will quickly satisfy any hunger for extra shares that may exist after the IPO