The Google Stock After-Dinner Mint

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The closing bell has long sounded on Wall Street for the day, and Google finished a little lower than where it started.

The Nasdaq dropped 3.18 points today as Google’s new shares arrived on the trading market. Google, like the Nasdaq, was down a bit today, closing at $302.62. That was 28 cents off its open.

Google still figures to make its $4.18 billion, a figure that could rise according to the Wall Street Journal. Investment bankers hold an option to sell an additional 600,000 shares, and that would send more cash to Mountain View if they do so.

Out of that substantial cash hoard, Google could spend around $700 million on capital expenditures. BusinessWeek analyst Scott Kessler observed online that Google those expenditures could include acquisitions, and the introduction of new payment or classified services, bringing to mind the oft-rumored Google Wallet.

Google shares may have felt a little impact from a New York Post story on a potential Microsoft/AOL partnership. That much-discussed deal would see AOL ditch Google in favor of Microsoft as search provider. And that would include replacing Google ads with those from Microsoft’s nascent ad network.

That could potentially impact Google’s revenue stream, which is almost exclusively derived from online advertising. AOL users spent an average of six and a half hours within the AOL network; losing that much potential ad exposure certainly wouldn’t be a positive development.

David Utter is a staff writer for WebProNews covering technology and business. Email him here.

The Google Stock After-Dinner Mint
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