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The Rank for $ales Weekly Newsletter, page 8

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(Continued)     September 18, 2004 edition
The pair, whose firm helped underwrite the deal, talked about Google's pricing strategy, the company's attempts to follow strict government guidelines on sharing information and the way that current rules for pre-IPO companies hinder the pricing process.

When Google, at the eleventh hour, cut the price of the Aug. 18 offering to $85 per share from an earlier price range of $108 to $135, many Wall Street bankers and professional investors declared the IPO auction a failure. From the outset, though, Google founders Larry Page and Sergey Brin were more concerned about conducting an offering that was fair to small investors than with getting the highest possible price for the company's shares, Hambrecht said.

In other news, the results of an interesting poll came out late Wednesday and revealed that, when it comes to searching for information on the Internet, men are much less easily distracted.

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