A Billion Bucks in Google Shares
May 4, 2005
Time Warner plans sold $925 million of Google shares last quarter. What to buy?
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Reader Ed Brenegar writes: This is a year to change the customer relations game. With less commerce happening, presumably, there is more time for interaction. That interaction has to build the relationships...»
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Comments
Maybe TW should take that cash and double-down on LookSmart stock ... that would seem to be about their speed.
Or maybe invest in an encryption system for their employee data?
Looks like TW already sold their stake at an average price of $185 per share. If their 5.1 million shares netted a $925M gain, then their cost was only about $18M, or less than four bucks a share. At that rate, I guess they can't be too upset that if they'd waited until today, their gain could have been 25% more with the stock trading at $228.
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