| Google News on Google IPO Google's S-1 Slashdot LIS News: "In the filing, Google said that it generated revenues of $961.9 million in 2003 and reported a net profit of $106.5 million. Sales rose 177 percent from a year ago although earnings increased by just 6 percent." "They're doing a Dutch Auction IPO and want to earn $2.7B, although speculation puts this closer to $20B. The underwriters are Morgan Stanley and Credit Suisse First Boston." From the risks section: "The initial option grants to many of our senior management and key employees are fully vested. Therefore, these employees may not have sufficient financial incentive to stay with us. Many of our senior management personnel and other key employees have become, or will soon become, substantially vested in their initial stock option grants. While we often grant additional stock options to management personnel and other key employees after their hire dates to provide additional incentives to remain employed by us, their initial grants are usually much larger than follow-on grants. Employees may be more likely to leave us after their initial option grant fully vests, especially if the shares underlying the options have significantly appreciated in value relative to the option exercise price. We have not given any additional grants to Eric, Larry or Sergey. Larry and Sergey are fully vested, and only a small portion of Eric’s stock is subject to future vesting. " Dan Gillmor: As of March 31, the company had "1,907 employees, consisting of 596 in research and development, 961 in sales and marketing and 350 in general and administrative." [from: JB Ecademy] |
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