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World News
19-08-2004
who: Google
what: Forced to slash share price due to lack of interest
where: Wall Street, NEW YORK
when: Yesterday
snippet: The search engine giant will now be worth approximately $25.8bn (£14bn) when it joins the market, says The Guardian, "compared with a top estimate of $36.6bn." The flotation has been disrupted by various factors, including an interview given to Playboy magazine by Google`s founders Sergey Brin and Larry Page, that may have broken the rules on revealing information about a company before it goes public. Meanwhile Microsoft has admitted that its American staff`s ignorance of geography has cost the company "hundreds of millions of dollars in lost business..and damaged its reputation abroad." [... more]


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