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 ?
are you sure that on May 24th, the cash balance includes the 2billion second offering? I doubt it. But it did raise questions that why GOOG sold bidu at this time. Bidu is doing pretty good from the investment point of view. May I read too many Enron stories. But these $60 million may make a big difference in EPS. 60/300=0.20 will decide beat or miss. Hehe, gonna read their Q2 ER very carefully by then.