Googling For Gold

[mandy]

With a market cap in orbit and more cash than a small nation, Google's heft is altering the tech industry's behavior. But when does its long-awaited shopping spree begin?

Google stock, with a price-earnings ratio of 70, represents one of the richest dealmaking currencies anywhere. That heft has attracted a growing galaxy of entrepreneurs, venture capitalists, and investment bankers, all of whom are orbiting Google in the hopes of selling it something -- a new service, a startup company, even a new strategy -- anything to get their hands on a little of the Google gold. "The dollars at stake are huge,"...

The Google effect is already changing the delicate balance in Silicon Valley between venture capitalists and startup companies...

full article: http://www.businessweek.com/magazine/con...962001.htm