What Will Google Do with $4 Billion?
Google took investors by surprise in announcing that it would sell additional shares expected to generate US$4 billion. GOOG consequently took a bit of a hit. And now many in blogland are buzzing with speculation about what it means and why the company is doing it.
It’s pretty clear there will be many more acquisitions (in Local for certain) and here, if true, is another way to spend the cash. (Here are some more.)
On a related yet somewhat distinct note, the Internet Stock Blog republishes part of Kevin Delaney’s “Heard on the Street” column about Google’s current share price and why some think it’s low.
I was pointed to Bambi Francisco’s broad review of the past year of Google. And here’s an relatively interesting take on why Google’s selling more stock from The Stalwart.. Excerpts from Google warnings about competition and revenues from the Internet Stock Blog.
Greg Sterling is managing editor of The Kelsey Group. He also leads The Kelsey Group’s the Interactive Local Media program, focusing on local search. Greg came to The Kelsey Group from TechTV’s “Working the Web,” the first national television show dedicated to e-business and the Internet.