Can I be bothered trawling through the Google filings when someone from the Washington Post and assorted equity analyst will give up the juicy bits anyway? No. This Washington Post article here is of interest. Whilst I wont be buying the stock I will be bookmarking their virtual roadshow page.
What do I think?
– Sergei Brin and Larry Page are very smart people, yep, even smarter than me
– The auction and high price is reducing the chance of an internet bubble and ensuring that the offer makes Google rich and its Googleers rather than merchant banks, Wall Street insiders and other parasites like ‘friends of Frank’
– Their split capital structure means that they are building to last rather like the European families like the Quandt’s who run BMW or the Wallenbergs in Sweden, rather than just another corporate monolith
– If anyone stands a chance of not being ran over by Steve Balmer and his purile pranksters, its Mssrs Page and Brin because they are customer focused rather than competitor focused