. . . Wednesday August 18, 2004

Quartered Horse

Google has cut the range of their IPO offering by about a quarter. At the time the company goes public, it will be worth about $26 billion (for that kind of money, what’s the point?).

While the media hype and the public interest in the Google story seems to know no boundaries, there is another group anticipating this stock offering almost as much as early shareholders in Google. Other dot coms that have been delaying their own IPOs until Google goes out.

But what happens if Google doesn’t really bounce? Or perhaps, more importantly, what happens if they do?

Concentration is important!