Google execs dump stock fortune

[junik]

Google founders Larry Page and Sergey Brin are selling shares in their company at a rate of $US22 million a week.

Wondering why your investment in Google has lost 18 per cent since the shares peaked at about $US475 in January?

Relentless stock sales by the internet search company's executives might be to blame. Its managers have dumped a truckload of stock since February 14, 2005, the expiration date of the biggest and final restriction on insider sales following its initial public offering.

As of August 9, they had sold almost 23 million shares. That means Google's top executives offloaded about $US7.4 billion of stock, equal to about a third of the company's starting market value when it sold shares at $US85 each in the August 2004 IPO.

It is remarkable that not one Google insider has bought a share of the company in the 18 months since the IPO lock-ups expired, according to data compiled by Bloomberg from the Washington Ser -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --

[ricoh]

who woundn't? -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --

[ginseng]

Hi

"It is remarkable that not one Google insider has bought a share of the company..."

King Goo seems to be worried about the future. -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --

[uruguay]

That's interesting actually, I remembered something how they were trying to raise cash to finance some NASA project. -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --

[yamen]

I heard that the % of insider stock sold is higher than enron exec's before the crash. -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --

[lampard]

Can you provide a link to the article please ?

Thanks -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --

[nchammer]

Myself also read teh article


Link

http://australianit.news.com.au/arti...nbv%5E,00.html

Cheers -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --

[hookes]

When valuing any company, private or public, I always ask one question. What are your assets.

Ask that question, and you have your answer. -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --

[karizma]

Ive noticed this as well when I was checking stock's yesterday. You can goto yahoo finance and look at the insider transaction stats.

http://finance.yahoo.com/q/it?s=GOOG -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --

[capricorn]

World's 10 richest Tech Titans compiled by Forbes business magazine /// Azim Premji, chairman of Wipro, has been placed at the sixth position with a net worth of 13.3 billion dollars, ahead of Google founders Sergey Brin and Larry Page, eBay founder Pierre Omidyar and founder of German business software major SAP Hasso Plattner. Microsoft founder Bill Gates, who has renamed the world's richest man for 12 consecutive years, tops the list of richest tech titans with a net worth of 50 billion dollars.

Other IT titans in the list include Microsoft co-founder Paul Allen at second position with net worth of 22 billion dollars; Dell founder Michael Dell at third position with a net worth of 17.1 billion dollars; Oracle co-founder Larry Ellison at fourth rank with 16 billion dollars and Microsoft CEO Steve Ballmer at fifth position with net worth of 13.6 billion dollars. -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --