Bubblemania is alive and well up until employees are completely out. Then reality sets in again.
They have to get their money somewhere.
A mediocre piece of the pie and a realistic valuation under $5B market cap
Correct. There is now an Open Source (read free) search engine available. All you have to do is buy some old junkie PC's like Google does and setup a server farm. Then start charging fools for "clicks" and "page views".
The post doesn't even warrent a response but it was a good day.
I don't know how many shares the 2 founders have but is has got to be in the range of 30 million each. Couldn't tell you if they a Class A,B,... but he has a boatload.
FOr someone like him to sell 30,000 shares is nothing - perhaps 0.1% of his ownership. For the vast majority of YAHOO posters with an avg net worth of $100,000 (I am being generous) that would be a $100 trade ... BFD !
I know is is staggering to think $6 million is only 0.1% of someone's money, but hey - good for him !
From the Desk of the CEO
"Let's see...I can hold 87,613 shares currently valued at X=~$180.00, or I can hold them for x=x+ or - real value. What do I do?
Oh, easy, I sell them to internet investors and sleep well at night. No one has verified our sales projections, how we book profit, or our guidance....That's right, I do not have to worry about that. By the time the SEC catches us, there will be another President in office and we will buy the new one off. Oh, I forgot, we believe in doing it Goog. Darnit, I meant we believe in doing good :~)
P.S. NOTE TO SELF 'I will keep a few shares for the final final run-up. We do not want too many employees to get disgruntled. They might tell 60 minutes the truth.'
I am really pissed off at Sequoia Capital---they were supposed to wait until the 11th!
By the way, Page, when is our next sky trip? Make sure the pilot is a man!
Need some more facts? Use the SEC filing site to see it all.
Here a few SALES before earnings:
Ask yourself why would the CEO sell if he knew earnings would be great. The fact is he did it to distribute his holdings because any price is good up here. What's missing +20 points when -50 to -100 is coming.
That is the truth.
I'm going to go buy some buckets for the coming money rain shower. I'll need them to catch the benjamins when the sky starts to fall.
Hey you too..have a great weekend. I'll be sleeping soundly tonight.