So, is anyone going to buy Google stock when it floats this year ?
I think there may be short term profits (if anyone can get their head around the so-called Dutch Auction system they plan to use for the sale), but Wall Street was so damaged by the dot.com boom-bust I can't imagine anyone investing for the long term. It will be a case of investing with caution, and pulling out at the first sign of trouble, in my opinion.
Search technologies come and go. How can Google protect their market share from the upstarts - except by leveraging their immense size, their financial power, and their ability to buy up or ruin the competition until they have a monopoly.
If the world's investors really do pour 2.7 billion dollars into the business - how long before Google becomes the next Microsoft ?
Now, THAT'S a scary thought !!!
I'd appreciate your opinions ... before I call my broker