Friday, May 13, 2005

Under 200 At 1st Google Shareholder Meeting

Forbes.com: "Google Inc. shareholders got a free lunch Thursday at the online search engine leader's first annual meeting as a public company. There were plenty of leftovers. Fewer than 200 people attended the meeting at the company's Mountain View headquarters...

Despite its unconventional reputation, Google put on a straight-laced show. CEO Eric Schmidt and Google co-founders Larry Page and Sergey Brin spent most of the 90-minute meeting fielding a wide variety of shareholder questions, ranging from concerns about stiffening competition from Microsoft Corp. and Yahoo Inc. to Google's policy on employee stock options...

Google's shares have more than doubled from the IPO price of $85, even after declining $2.57 Thursday to close at $228.72 on the Nasdaq Stock Market.

The lofty share price prompted a shareholder question about whether the company might split the stock to make it more affordable for individual prices. Brin said it's unlikely the stock will be split anytime soon."

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