Google Shares To Expensive For Google Users?

Posted: Jul 27 2004, 1:05am EST | by , Updated: Aug 10 2010, 2:44pm CDT, in News | Other Stuff

 
Google Shares to Expensive for Google Users?
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Google announced the price range of its shares for the IPO and we are talking big numbers from the get go. A 1,000 dollars does not even give you 10 shares, with the estimated share price at $108 to $135 a share.
Google said to include the "little" guy in the game and give them access to Google shares.
I only found a statement on this issue in a Mercury News article, where the only explanation for this high share price could be that Google appears to be following in the footsteps of Warren Buffett, who has called splits a "Wall Street gimmick".
The Class A stock of his Berkshire Hathaway Inc. has never split and it now trades at about $88,000!! per share.

So either way, I think the high share price requires more commitment from the individual investor to invest. If good or bad, who knows. To register to bid for Google shares, this web site should go online anyday now.





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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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