GOOG

This is kinda an experiment post for the phrase "GOOG," which is Google's new ticker symbol.

Google started accepting bids in their dutch auction IPO today. Some of the financial sites have added them and are awaiting the IPO. When searching Google for "GOOG" there is not much competition yet.

Incidentally somebody owns the www.goog.com website and there is nothing but a "welcome to GOOG" statement there.

I bet a top ranking for the term GOOG would bring in a ton of traffic in the next month. My absolutely random GOOG opening price guess: $94.37. ;)

[udpate: when I first checked this page it was #53 for GOOG, it was up to #8 for GOOG after the first day of promotion. :) I have not spent any money promoting this GOOG page, but have pointed a few forum sig file links at it. If you want to help please link to this page using GOOG in your link text.

I have a few more free promotional ideas in mind ;) ]

Several updates below...

Yahoo!'s Overture & Google Settle Patent Dispute

In the wake of a Google IPO this is a fairly quiet press release.

Under the terms of the settlement agreement, Google will take a license to U.S. Patent No. 6,269,361 and several related patents, held by Yahoo!'s wholly-owned subsidiary, Overture, and Yahoo! dismissed its patent lawsuit against Google. The two parties have also resolved a dispute regarding shares issuable to Yahoo! pursuant to a warrant to purchase Google shares in connection with a 2000 services agreement.

In connection with the settlement of the warrant dispute, the patent lawsuit, and in payment for the license, Google issued shares of its Class A common stock to Yahoo!. Press Release

More Info on GOOG IPO News...

The offering price is now expected to be between $85 and $95 per share. Google expects to sell 14,142,135 shares of Class A common stock in the offering as originally filed. The selling shareholders are reducing the shares they expect to sell to approximately 5.5 million shares in view of this new price range. This is a reduction of approximately 6.1 million shares. In addition, the selling shareholders have granted the underwriters the right to purchase approximately 2.9 million additional shares of Class A common stock at the initial public offering price to cover over-allotments.

Google and the underwriters requested that the Securities and Exchange
Commission declare the registration statement effective on Wednesday,
August 18, 2004 at 4:00 p.m. (Eastern Daylight Time).

I am sticking with my absolutely random GOOG opening price guess: $94.37. ;)

Google IPO Share Price Set at $85

SAN FRANCISCO (CBS.MW) -- Google (GOOG) on Wednesday set the price for its just-reduced 19.6 million share IPO at $85 a share, for proceeds of $1.66 billion in one of the Internet sector's biggest IPOs ever. The company had earlier cut its price range to $85 to $95 a share from $108 to $135 and the total offering from 25.7 million shares. source: CBS MarketWatch

GOOG Opening Price

100 via eTrade (for some reason Yahoo! was showing 140 though)

...check it out here (quotes have a 20 minute delay)