Google Files to Offer $4 Bln in Stock

By Geoff Duncan August 18, 2005

In a filing today with the U.S. Securities and Exchange Commission, Internet search giant Google revealed it intends to offer 14.76 million new shares of Class A common stock, a move which—at Wednesday’s closing prices—would be worth $4.21 billion. Google’s filing says the company plans to use the money for "general corporate purposes, including working capital and capital expenditures, and possible acquisitions of complementary businesses, technologies or other assets."

Industry analysts expect Google is building a war chest to raise the bar in its escalating competition with Microsoft and Yahoo, and the company presumably anticipates making new acquisitions. Google itself says it currently has no commitments for any significant acquisitions, but declined to comment specifically on its future plans.

The proposed offering includes 14.16 million shares, plus an additional 600,000 shares available as optional purchases to underwriters Morgan Stanley, Credit Suisse First Boston, and Allen & Co. to manage overallotments.

Editors' Recommendations

Former Digital Trends Contributor

Geoff Duncan writes, programs, edits, plays music, and delights in making software misbehave. He's probably the only member…

Computing

Google Gemini vs. GPT-4: Which is the best AI?

A person typing on a laptop that is showing the ChatGPT generative AI website.

Google's Gemini artificial intelligence and OpenAI's ChatGPT that uses the GPT-4 model are two of the most advanced artificial intelligence (AI) solutions available today. They can comprehend and interact with text, images, video, audio, and code, as well as output various alterations of each. they also provide expertise that would cost a lot to replicate with an expert human.

But if you're weighing which tool to put your time and energies into learning how to use, you want to pick the best one. Which is the more capable AI tool? Gemini or GPT-4?
Availability and pricing
Gemini is available in Pro and Nano form, though Ultra has yet to be released. Image used with permission by copyright holder

Computing

Google might finally have an answer to Chat GPT-4

ChatGPT versus Google on smartphones.

Google has announced the launch of its most extensive artificial intelligence model, Gemini, and it features three versions: Gemini Ultra, the largest and most capable; Gemini Pro, which is versatile across various tasks; and Gemini Nano, designed for specific tasks and mobile devices. The plan is to license Gemini to customers through Google Cloud for use in their applications, in a challenge to OpenAI's ChatGPT.

Gemini Ultra excels in massive multitask language understanding, outperforming human experts across subjects like math, physics, history, law, medicine, and ethics. It's expected to power Google products like Bard chatbot and Search Generative Experience. Google aims to monetize AI and plans to offer Gemini Pro through its cloud services.

Computing

How to convert MOV files to MP4

A woman using a MacBook Pro in a studio.

Today, most people consider MOV files to be an outdated format, and since it's more convenient to use MP4 files, you'll want to know how to convert MOV to MP4. If you still have an extensive collection of old MOV files taking up space on your Mac, you can convert them into an MP4 file format with a little bit of patience by following these step-by-step instructions.