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| UPDATED: 2007-05-14 |
 Google Stands Against Stock Split 
By: Nathan Weinberg 2007-05-14 Google held its annual shareholder meeting last Thursday, and the AP reports that Eric Schmidt reiterated... ... Google has no intention to issue a stock split now or anytime in the future. The no-split stand has been around as long as Google's stock has, with the company intending to keep a high-priced stock, much like Berkshire Hathaway does, in order to avoid instability. Of course, Google's stock hasn't been doing well for a while (it's up one dollar, or .23%, in the last 16 months), so some hoped Google would change its mind. Considering how high Google is valued as a result of its stock (market cap of $145 billion), don't be surprised if the stock doesn't move until the company gets closer to its well-deserved high-flying expectations. Microsoft stock is currently about 6 times earnings, while Google's is 14 times, so you can see the gap until Google is actually worth what people paid for it. Comments View All Articles by Nathan Weinberg About the Author: Nathan Weinberg writes the popular InsideGoogle blog, offering the latest news and insights about Google and search engines. Visit the InsideGoogle blog. |
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