Mark Evans

Google's Wallet Now Bulging

What
a difference a year makes. Last August, there were many “smart”
investors who balked at buying into Google's IPO in which 19.6 million
shares were sold at $85 each. Yesterday, Google easily sold 14.1
million shares at $295 a share to raise a cool $4.15 billion. Of
course, a year ago no one would have dreamed eBay would have forked
over $4.1-billion for Skype or that Rupert Murdoch would go on a
dot-com buying spree. As I wrote yesterday,
there's a whole new dot-com bubble happening that could see the
AOL/Time-Warner merger surpassed. Is a Google-eBay deal or
Microsoft-eBay or Microsoft-Google or Google-Amazon possible? Given
eBay's audacious acquisition, anything seems possible.