Friday, December 03, 2004

Is Google Worth $165 a Share?: "For all its impressive technology and verve, Google, as noted earlier, has no such clear competitive advantage. That may help explain why—as was true during the late, great dot-com bubble—many insiders are rushing for the exits. Three top executives, engineering chief Wayne Rossing, general counsel David Drummond, and human resources chief Shona Brown, said in SEC filings at the end of November that they had sold blocks of stock worth millions of dollars. At about the same time founders Brin, Page, and Schmidt announced plans to sell big chunks of their stockholdings over the next 18 months. Brin and Page said they would sell 7.2 million shares each, or roughly 19% of their holdings, and Schmidt said he'd sell some 2.2 million shares, or about 15%."—Fortune

If you have to ask...