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It has finally happened. In a cheeky and unique IPO, Google announced that it would seek to raise $2.7 billion in its IPO offering. Well to be more precise, it cheekily announced that the exact amount was going to be $2,718,281,828, which is well, $1 billion times the base of the natural logarithm. It announced that during the recent quarter (ending March 31, 2004), its revenue was $389.6 million and had a profit of $64 million. The business press clearly sees the frenzy and interest in Google's IPO as a once in a decade sort of theme, starting from Intel in the 70s to Microsoft in the 80s and finally Netscape in the 90s.
You read it here first while the folks who read The Hindu read it this morning in my letter to the editor.
The US Army comes under attack, not in Najaf or Fallujah, but at home on CBS' 60 Minutes II report on their story of abuse of Iraqi prisoners of war by American GIs.
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