Hanging On Every Word From Google Folks
from the calm-down-people dept
It’s been widely discussed how every time Alan Greenspan speaks, people pick through everything he says, and tries to interpret every single word choice as an indicator of what he really means. It seems that Google CEO Eric Schmidt is getting the same treatment. When asked about the planned IPO, Schmidt was quoted as saying “an IPO is not on my agenda right now,” and suddenly the analysis begins. It’s been interpreted to mean that Google has decided to put off their (never actually announced) IPO to wait to see if the market gets better. Then you get Wall Street people arguing over whether or not this is a good decision or a bad decision. It’s fairly amazing that everyone’s making all these decisions for the company when the company hasn’t announced their plans at all – other than to say (repeatedly) that they wouldn’t be rushed into an IPO unless it was the right move. They’ve never changed their stance, but the public perception has gone on a roller coaster ride.