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Google files for IPO, finally
[COLOR=#1951B9]In an unusual provision for a technology company, Google will create two classes of shares with different voting rights, a move that aims to guarantee that founders Larry Page and Sergey Brin will maintain decision-making authority. Such structures have proven beneficial in media companies, such as The New York Times, the filing states.[/COLOR]
With the filing however, Google was on the obligation to release its financial results for the first time. The company generated $961.9 million in revenue in fiscal 2003 with a net profit of $105.6 million.
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User Comments (4)
Post a comment|
shnig
on April 30, 2004 6:36 PM |
Lol they only made a profit of 105 dollers? lol somoene change that post! |
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prashidi
on April 30, 2004 10:46 PM |
Thanks for the correction. |
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shnig
on May 1, 2004 9:47 AM |
No Problem, always here to help! |
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SNGX1275
on May 1, 2004 2:12 PM |
It would seem to me that Google has reached the Mature stage of the growth cycle (as opposed to growth). So can someone tell me why it would be a good investment? |
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