Google may gain on ad sales, IPO firms&#39; analysts say
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Shares of Google Inc., the world&#39;s most-used Internet search engine, may continue to rise as the company boosts advertising revenue, research analysts at securities firms that underwrote
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The IPO market now enters the post-Google era. And the outlook isn&#39;t pretty. The attention and fanfare over Google Inc.&#39;s $1.
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(InfoWorld) - Google beat Wall Street's expectations for its fourth quarter, ended Dec. 31, 2006, as the company continues on a tear, selling search engine advertising much faster than its biggest rivals and than the industry average. Google generated revenue of $3.21 billion, an increase of 67 percent compared to the fourth quarter of 2005. Subtracting the commissions it pays to its advertising partners, revenue came in at $2.23 billion, topping the consensus expectation of $2.195 billion from analysts polled by Thomson Financial. Net income was $1.03 billion, or $3.29 per share, compared with $372.2 million, or $1.22 per share, in 2005's fourth quarter. On a pro forma basis, which excludes certain items, net income was $997 million, or $3.18 per share, topping analysts' expectation of $2.92 per share.
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Google Inc. wants to conclude its share auction Tuesday, setting the stage for its stock to go public Wednesday, according to a statement on its IPO (initial public offering) Web site.
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The successful bidders for Google shares won't be the only ones watching eagerly to see how much the IPO excites the stock market. Dozens of dot-com companies are hoping that Google's initial public offering marks a reawakening of all things Internet. -The Washington Post
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Google Inc. GOOG.OQ., the  world's largest search engine, said on Wednesday it sold 19.6  million shares at $85 apiece in its long-awaited initial public  offering, raising $1.67 billion for the company.
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NEW YORK Despite voluble skepticism among investors, Google&#39;s stock jumped about 18 percent to $100.01 a share when it debuted Thursday on the Nasdaq stock market.
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Google's spooky valuation could drive investors batty.
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(InfoWorld) - The tech-heavy Nasdaq has been climbing recently, spurred by some of the usual suspects, such as Google. But Oracle results and prospects for chip makers also inspired confidence among IT investors this week. Expectations have not been great this year for mature areas of the enterprise software market. But Oracle inspired IT investors this week with aÂ strong financial reportÂ that indicates its acquisition strategy has been paying off. Quarterly revenue rose 20 percent to $5.8 billion and profit increased 23 percent to $1.6 billion. Excluding extraordinary charges, Oracle's $0.37 per share in the quarter beat estimates by analysts polled by Thomson Financial, who had forecast $0.35 per share. Oracle shares jumped $0.53 to close at $19.69 on Wednesday, a day after the earnings report, and continued strong. Over the last three years, including theÂ PeopleSoft deal, Oracle has made about 30 purchases for approximately $25 billion. For example, business intelligence software maker Hyperion,Â a recent acquisition, added $43 million to Oracle's new license revenue in the quarter. Oracle is now going after companies that will help the company target sales in vertical markets. On the post-earnings report conference call with analysts, CEO Larry Ellison said that Oracle will continue its acquisition strategy. Meanwhile, Google continues to break records and expectations. Brokerages, including Oppenheimer & Co., Sanford C. Bernstein & Co., and JMP Securities,Â issued bullish analysis reports this weekÂ and raised share-price targets after seeing the company's share price rise about 15 percent over the last quarter. As Google continues to dominate search advertising, however, it has also spent lavishly on R&D, technology infrastructure and acquisitions. Though profit has been great, the spending has sparked some debate. But this week, JMP's Bill Morrison added a new twist to conventional thinking, writing in a research report that the capital expenditures have given Google a cost-efficient technology platform. This platform gives Google an ongoing cost advantage over competitors, he said. After the report, Google shares hit their highest close on Tuesday since the company's 2004 IPO, although they drifted down over the next few days. In the chip sector, a price war between Intel and AMD, coupled with expectations for a soft PC market this year, has caused concern. But some new reports and forecasts have cheered investors lately. Lehman Brothers raised its rating on Intel this week to "overweight" from "equal weight." Lehman analyst Tim Luke cited new product cycles, progress on restructuring, and a reasonable share valuation. The report echoed a similar research paper issued by brokerage Stifel Nicolaus and Co. last week, only that one was directed at AMD. Meanwhile, GartnerÂ said this week that worldwide personal computer shipments are projected to rise 11.1 percent in 2007, higher than previously expected. PC shipments are estimated to increase to 257.1 million from 231.5 million a year earlier as sales in emerging markets grow, Gartner said, in the wake of a similar report several weeks ago from IDC. The news caused shares of Intel and AMD to spike. Intel shares closed at $23.79 Wednesday, up by $0.41, and continued strong Thursday. AMD also spiked on Wednesday, though lost some ground later in the week.
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Internet search engine Google thanks strong advertising sales for a target-beating rise in both turnover and profits.
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Yesterday I heard rumors that there might not be enough bids to fully subscribe the Google auction at $108. For Google and the market&#39;s sake, I hope that&#39;s not true. I would like to see an auction market develop for IPOs.
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Rivals to Internet search giant Google Inc. rode the momentum of its long-awaited initial public offering and saw mixed gains in early trading Thursday, but sank near the closing bell as Google&#39;s shares remained
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Shares of Google Inc. (GOOG.O) rose 15 percent to &#36;98 in the first minutes of their Nasdaq stock market debut on Thursday after the year's most anticipated initial public offering priced far below initial estimates.
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Shares of Google Inc. will make their Nasdaq stock market debut on Thursday, with some market participants expecting a steady start or slight rise after the company&#39;s initial public offering priced far below original estimates.
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As reports FinanceGates.com, the largest Web search engine Google Inc. is going to reach $1.67 billion in its initial public offering on Thursday selling 19.6 million shares at $85 each. Still, analysts consider shares to be overpriced.
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Shares in Google rose $15.01 or 17.7 percent, to open at $100.01 its public debut on the Nasdaq stock exchange. The jump was a surprise, given the initial $85 price of the shares and the unusual style of the sale.
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Aug. 19 (Bloomberg) -- Google Inc., the most-used Internet search engine, sold shares at $85 each in its initial public offering, the bottom of the range the company had suggested the stock would fetch in the biggest auction-style IPO.