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Byline: Michael Bazeley
Apr. 30--The San Jose Mercury News, Calif., has moved a correction for the story slugged SJ-GOOGLE filed by Knight Ridder/Tribune Business News for Apr. 30. The new version subs throughout.
Please delete or kill the old version and use the new one.
Google Finally Registers to Go Public
By Michael Bazeley
San Jose Mercury News, Calif.
Apr. 30--The wait is over.
Google, perhaps Silicon Valley's most famous and iconoclastic company, registered to sell shares to the public Thursday, ending more than a year of intense speculation and signaling that it does not intend to sit idle in the face of strengthening competition.
The Internet search company reported profits of $105 million on revenue of nearly $1 billion for 2003.
Google said it hopes to raise about $2.7 billion in an initial public stock offering that will defy convention by auctioning shares directly to the public. The timing of the sale has not been set.
Befitting the company's non-conformist reputation, Google's filing with the Securities Exchange Commission was accompanied by an…
Source: HighBeam Research, CORRECTION: Google Finally Registers to Go Public.