I dont' have a positon in this stock and have only followed Google peripherally (sp?). But I am really curious, with 3+ billion in cash, why does Google need to sell another 5 million shares of stock?
You are not going to sell another 5 million shares of stock at the price of $300.00right? Now is almost at $400.00
Because it is good for Google. It is bad for investors or at least investors that are long. More shares will just dilute the capitalization.
Darn...Talking about over reaction.