Google Cancels Spring IPO

securitas writes "Google fans and potential investors will be disappointed to learn that they must wait a while longer before they can own a piece of Google. The Times of London's James Doran reports that Google's IPO plans are on hold. CEO Eric Schmidt appears to think that market conditions are not right. When pressed for details about the delayed IPO, Schmidt said, "An IPO is not on my agenda right now." A commentary about the delayed Google IPO follows. Mirror at Australian IT."

Oh Darn...

[DarkHelmet]

Instead of getting my free advertising stock benefit with google, I think I'll just buy some more Krispy Kreme and get another free box of doughnuts.

hmmmm

[graveyardduckx]

well if google hasn't gone public yet, can I invest in booble?

Re:Bravo Google

[TwistedSquare]

Spot on! Yeah this can be modded redundant all you like, but I agree with that guy totally ^^^^^

Re:ugh

[martingunnarsson]

Fill another swimming pool?

Re:hmmmm

[LDorman]

The Superbowl Halftime show has already bought it...

M$ will never duplicate this technology

[pjones]

http://www.google.com/technology/pigeonrank.html [google.com]
I can say no more the links speaks for itself.

Re:Of course a skeptical person....

[happystink]

Yeah, I don't think google can scale very well, I mean it's all very well when they have maybe a half dozen people using them per hour like now, running off a few servers in their backroom, but wait till they want to really get some people in.

First time!

[AmoebafromSweden]

This is the first time we can thank SCO for anything!!!

Don't worry everyone

[sdcharle]

There are still plenty of other ways to lose your shirt in the stock market.

yanking their (our?) chains

[Peridyd]

Sounds like a prescription for keeping potential investors salivating:

1. start rumors of an IPO
2. deny the rumors while alluding to the fact that your company's position is so cash-rich that you don't need to go public (thereby keeping investors very, very interested)
3. go public later in the year with an inflated P/E ratio, just like the good ol' days back in the '90s.
4. make boat-loads of $$