Google Has Too Much Money
By: Andy Beal
The Washington Post highlights an unusual problem for Google - it has too much money! Companies whose securities...
...make up more than 40 percent of their assets can fall under restrictions that govern the mutual fund industry. So Google, which has increased its cash and securities to almost $10 billion since its 2004 initial public offering, asked the Securities and Exchange Commission late last month for an exemption.
Link: Washington Post
Google hopes to get an exemption, similar to the one Microsoft acheived in 1988.
View All Articles by Andy Beal
About the Author:
Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.
You can read his internet marketing blog at Marketing Pilgrim and reach him at [email protected].
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