Wednesday, March 29, 2006

$8 Billion Isn't Enough?

After the close Google (GOOG) announced that it will may sell up to 5.3 million shares in a stock shelf. This could give Google an additional $2 billion in cash. Google must have a game plan for some massive spending since they were sitting on $8 billion at the end of Q4. Either that or they are burning lots of cash. This would be the second time that Google is selling shares to the public since its IPO in August of 2004.

Note: I am long Google (GOOG)


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