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Google Inc. Message Board

  • blust3 blust3 Jun 22, 2006 4:14 PM Flag

    The only reason GOOG sold Baidu.com

    shares is that GOOG need to sell all those shares to beat earning estimate. I predict GOOG will make $420 after earning report but GOOG stock price will be the downhill from there.

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    • I somewhat agree. I think it will be to avoid a total disaster. Why has GOOG gone through so much cash this quarter. They ended Q1 with $8.43B. On May 24 (Investor call), they stated they had $8.3B. They added $2.2B to their cash on April 2nd when they sold 4.5M shares? Outside of Investments, it sounds like they actually lost money. I doubt that is the case, but where did the 2.2B go, plus the revenues QTD ?

      Help me understand what I am missing here

 
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