This is an interesting commentary from Forbes Online Magazine about our favorite search engine ... It's bt one of my favorite writers, Dan Ackman.
"The Google IPO [initial public offering of stock] is so mind blowing that the only way to even think about it is to google it. The company, along with existing shareholders, including executives, plans to sell 24.6 million shares for $108 to $135 a share. If successful, Google would, on paper, be worth between $29 billion and $36 billion. The IPO itself would generate between $2.7 billion and $3.3 billion.
"What's harder to fathom,: Ackman continues, " is that Google would, to investors, be worth more than Ford Motor, Vivendi Universal OR Schering-Plough , and perhaps as much as Boeing."
This certainly says a lot about the intangible nature of the world today, doesn't it?
Ackman: "To put these numbers in context, we searched Google. For $108, the prospective low end cost of a single Google share, you could buy an IBM people laptop battery or a motherboard for your computer. For $135, the upper range of the IPO, you could buy an Adirondack chair or a night at a hotel in Saratoga Springs (where, by the way, you could take another $135 to the racetrack and parlay it).
"For $29 billion, you could make whole the world's software industry for their losses from pirated software last year (that number coming from a software trade group, so it may be inflated). You could also pay the cost to the 50 states from unfunded mandates imposed by the federal government. You could also buy, at the latest average price, roughly 152,000 new homes, enough to house (at four people per home) everyone in the city of Boston.
Raising the stakes to $36 billion, you could pay Microsoft back for the cost of its special dividend--and have $4 billion in change. Or you could house Baltimore. Or you could pay the entire U.S. foreign aid bill twice (not counting Iraq)."
"The Google IPO [initial public offering of stock] is so mind blowing that the only way to even think about it is to google it. The company, along with existing shareholders, including executives, plans to sell 24.6 million shares for $108 to $135 a share. If successful, Google would, on paper, be worth between $29 billion and $36 billion. The IPO itself would generate between $2.7 billion and $3.3 billion.
"What's harder to fathom,: Ackman continues, " is that Google would, to investors, be worth more than Ford Motor, Vivendi Universal OR Schering-Plough , and perhaps as much as Boeing."
This certainly says a lot about the intangible nature of the world today, doesn't it?
Ackman: "To put these numbers in context, we searched Google. For $108, the prospective low end cost of a single Google share, you could buy an IBM people laptop battery or a motherboard for your computer. For $135, the upper range of the IPO, you could buy an Adirondack chair or a night at a hotel in Saratoga Springs (where, by the way, you could take another $135 to the racetrack and parlay it).
"For $29 billion, you could make whole the world's software industry for their losses from pirated software last year (that number coming from a software trade group, so it may be inflated). You could also pay the cost to the 50 states from unfunded mandates imposed by the federal government. You could also buy, at the latest average price, roughly 152,000 new homes, enough to house (at four people per home) everyone in the city of Boston.
Raising the stakes to $36 billion, you could pay Microsoft back for the cost of its special dividend--and have $4 billion in change. Or you could house Baltimore. Or you could pay the entire U.S. foreign aid bill twice (not counting Iraq)."
0 Comments:
Post a Comment
<< Home