Spiga

Google to sell secondary for 4 Billion

The operator of the popular Internet search engine said it intends to use the net proceeds from the offering for general corporate purposes, including working capital and capital expenditures, and possible acquisitions of "complementary businesses, technologies or other assets."

I blogged last month on how i suspected something would happend with Google and its shares. For a company at this point to be doing this really means that the competition and the future is much more then google bargained for. No longer is this a new company, it is a veteran. This is a bad move for current Investors... I would no longer be holding this stock.

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