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Playboy cockblocks Google

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Playboy cockblocks Google

Old 08-12-04, 04:20 PM
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Playboy cockblocks Google

SEC is cracking down on this type of stuff.

Google Playboy Article May Raise Concerns

By MICHAEL LIEDTKE
AP Business Writer
Published August 12, 2004, 2:30 PM CDT

SAN FRANCISCO -- Google Inc.'s highly anticipated IPO faced a possible stumbling block Thursday with the release of a Playboy interview that the online search engine leader's co-founders gave just before the company filed its plans raise $3 billion with its stock offering.

In the seven-page interview, Larry Page and Sergey Brin discuss the company's rapid growth and even brag about how Google's search engine has helped save people's lives.

The interview, contained in a Playboy issue delivered to some subscribers Thursday, threatens to delay Google's initial public offering because securities regulations restrict what executives can say while preparing to sell stock for the first time.

Google needs the Securities and Exchange Commission to approve its IPO registration statement before it can complete the IPO, a process that will be complicated by the Playboy interview, predicted Michael Zuppone, a former SEC attorney.

"I don't want to rain on their parade, but I think this interview is going to cause regulatory concern. There could be consequences," said Zuppone, now in private practice in New York.

The SEC sometimes imposes a "cooling off" period when a company involved in an IPO releases any information that deviates from its IPO registration statement. A similar situation developed recently before the IPO of Salesforce.com.

Mountain View-based Google didn't immediately respond to a request for comment. A message left with the SEC was not immediately returned.

Playboy spokeswoman Theresa Hennessey said the magazine conducted the interview with Page and Brin on April 22 -- a week before Google filed its registration statement.

But Zuppone doubted the timing of the interview would matter to the SEC because Page and Brin knew an IPO filing was imminent at that time. Google could have also required Playboy to delay the interview's publication until the IPO was completed, Zuppone said.

The latest twist in Google's closely watched IPO occurred just a few hours before the company was prepared to finish the registration process for their Dutch auction, an unusual method that's being used to sell 25.7 million Google shares.
Old 08-12-04, 04:25 PM
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Why are there no pictures of boobies in this thread?
Old 08-12-04, 04:26 PM
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Saved lives? I'll bet Playboy simply touched up Page and Brin's comments to make them look a little nicer than they really are.
Old 08-12-04, 04:26 PM
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Only boobs in this thread are Sergey and Brin.
Old 08-12-04, 05:44 PM
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This is exactly why these shitheads should hire an investment bank to take them through the process. I-bankers would have advised these assclowns that going dutch and issuing at $100 to $125 is not what retail investors are looking for, as well as keeping their mouths shut.
Old 08-12-04, 05:55 PM
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Originally posted by neiname
This is exactly why these shitheads should hire an investment bank to take them through the process. I-bankers would have advised these assclowns that going dutch and issuing at $100 to $125 is not what retail investors are looking for, as well as keeping their mouths shut.
salesforce.com did the same thing.
Old 08-12-04, 09:35 PM
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Originally posted by ChiTownAbs, Inc.
salesforce.com did the same thing.
As did overstock.com and the CEO is constantly bitching how equity research won't pick up the company.

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