(Continued)     August 21, 2004 edition
Alternatively, searchers may opt to pay $10 per year via PayPal to receive ad-free results under a Creative Commons license.

“Feedster delivers the most relevant search results from professional news sources and individual commentary,” said Scott Rafer, CEO. “Integrating ads will help us grow our business. However, we think users should have a choice as to whether ads are included in their feeds.”

To further their commitment to keep the public well informed, the Company will donate 10% of the license revenue to Tech Soup, a trusted technology resource that offers a variety of information and services for the benefit of the nonprofit sector.

On Wednesday, Google created quite a stir (again) when it announced that it had slashed the price of its IPO share offering, effectively reducing the price range on its initial public offering (IPO) to between $85 and $95 per share, substantially down from its original $108 to $135 price range.

If that wasn't enough, it also said shareholders more than halved the number of shares they planned to sell to the public to only 5.5 million shares from about 11.6 million, in light of the lowered price. Google still planned to sell about 14.1 million shares.

The Mountain View, California-based company disclosed the changes in a statement posted on its IPO Web site. Google spokeswoman Cindy McCaffrey confirmed the Web site contents, but declined further comment. The changes reduce the maximum size of the IPO to about $1.9 billion, excluding over-allotments, and the potential maximum valuation of the company to $25.8 billion from $36.6 billion, based on securities filings.

Google is conducting its offering as the overall market for IPOs slumps. "The last thing you want when markets are fragile is a high-profile IPO running into difficulty," said Michael Browne, a fund manager at Sofaer Global Fund in London. "Sentiment-wise, it's not good."

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