July 26th, 2004

Google $ets IPO Price

At long last, Google has finally told the SEC what it’s expecting to receive for its initial public offering of 24.6 million shares - somewhere between $108 and $135 per share….

This is just another example of the infamous P.T. Barnum Theroem that states the congenitally stupid roam the earth in great numbers. I’d like to tell you that I bought a box/bag/jar/can/pound of Google the other day and it proved to be a superior product versus similar offerings from Yahoo!, but I can’t. Neither company produces anything. Both are, essentially, intellectual properties subject to the often fickle whim of the consumer.

I thought the ’90s were over. It would seem that many have not learned the lessons of history and are therefore doomed to repeat the mistakes. Shame.

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