Forbes: Worst and Best Picks. "One bright spot will be Internet growth. The search site Google is queued up for a first-quarter IPO off of surprisingly virile numbers--some $300 million in 2002 sales, $100 million in profit. Profit?... For an IPO?... An Internet IPO? Yep."
It's not clear where he's getting this information, or how accurate it is. It was my understanding Google kept pretty quiet about their numbers.
Yowzer. I also wonder how substantiated that is. Seems if the $100mil profit is true, it contradicts the idea of an IPO anytime soon. At least in a down market. I mean, surely they don't need cash. Perhaps wishful thinking by investorheads.