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

To: KeepItSimple who wrote (9707)	4/21/2006 3:35:32 PM
From: GVTucker	Read Replies (1) \| Respond to of 15857

Accretive to pro-forma scam numbers only. Wrong. Accretive to GAAP net income and GAPP net income per share. And using your logic, Google should just keep issuing a few million shares every week and get out of the business of search engines and advertisements all together- 5% interest on 20 billion in treasury bonds would be more than the company earns through operations right now. No matter how many shares Google issues- you claim that it would NEVER be dilutive. Wrong again. Now if GOOG could issue a few million shares a week at an earnings yield consistently less than the yield on cash, this would be true. But it isn't true. In this particular case, GOOG was able to do that. And in this particular case, the stock issue was not dilutive. That is a fact.