Search News Desk

The company has filed a registration statement with the Securities and Exchange Commission for a proposed public offering by the company of 14,159,265 shares of Class A common stock. The managing underwriters of the proposed offering are Morgan Stanley & Co. Incorporated and Credit Suisse First Boston LLC, acting as joint book-running managers, and Allen & Company LLC, acting as co-manager. The underwriters have an option to purchase up to 600,000 additional shares of Class A common stock from Google solely to cover over-allotments, if any, according to an official statement released from Google.


Eric Schmidt

Google's revenue grew 25% in the most recent quarter, reaching $1.25 billion, and it has shown a cumulative profit of approximately $600 million in its most recent four quarters. The company built a reputation for an exquisitely simply website and powerful search before recruiting ex-Sun and Novell executive Eric Schmidt as CEO. Under Schmidt, the company went through an unusual "Dutch auction" IPO process that, in the final analysis, provided results similar to that of any other very hot technology company in recent years.

The company remains the undisputed search engine leader, and holds a position that will be very difficult to challenge, according to technology journalist John C. Dvorak, who expressed this opinion in a wide-ranging recent interview on SYS-CON.TV.



John C. Dvorak