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Google Jackpot

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peekaboo

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SAN FRANCISCO (AP) -- Lots of people are hoping to get rich off Google Inc.'s stock now that the online search engine's IPO is finally completed. Here's a look at some of the investors that have already locked in huge profits by selling a portion of their stakes:

-- Larry Page and Sergey Brin. The two started working on what became Google in a dorm room at Stanford University less than a decade ago. Now they can afford roomier digs. Page collected $41,052,750 and Brin got $40,894,605 from the IPO. That's a pittance compared to their remaining stakes in the company. They are holding on to Google shares that are worth $3,239,416,725 for Page and $3,230,674,475 for Brin.

-- Andy Bechtolsheim and David Cheriton. After selling a Silicon Valley startup to Cisco Systems Inc. for about $250 million in 1996, these partners made another smart decision by investing more than $200,000 in Google just as Page and Brin were starting out. Bechtolsheim, a co-founder of Sun Microsystems, made $30,719,680 in the IPO and Cheriton, a Stanford University professor, made $28,937,060. They are holding on to big nest eggs: Bechtolsheim's remaining Google stake is worth $276,477,120 and Cheriton's is worth $260,433,540.

-- Omid Kordestani. Google's senior vice president of worldwide sales knows what it's like to be at a young tech company with a hot stock. Before joining Google, he was an executive of Web browser pioneer Netscape Communications. Kordestani made $20,444,710 on the Google IPO and retains a stake worth $388,449,490.

-- Eric Schmidt. When Google hired the former Sun Microsystems and Novell executive as its CEO in July 2001, analysts reasoned Schmidt would help bring "adult supervision" to a free-spirited company. Child care never paid this well. Schmidt picked up $31,362,025 Wednesday and still owns a stake worth $1,223,118,975.

-- Yahoo Inc. The Internet giant played a pivotal role in popularizing Google by showcasing its rival's search technology on its popular Web site for more than three years. It's a decision Yahoo came to regret, but Google's IPO should help ease the pain. Yahoo sold off 1.61 million Google shares to raise $136,914,430 and still owns 6.59 million shares worth $559,990,710 based on the initial offering price.

-- America Online. Unlike Yahoo, the Internet service provider says it has no plans to drop Google as its Web search provider. Like Yahoo, AOL made a killing on the IPO -- $63,218,325. AOL's remaining Google stake is worth $568,965,095.

-- Stanford University. The college owns the rights to Google's vaunted search technology because Brin and Page developed it while working on a university-funded project. Google still pays Stanford a licensing fee for the technology and gave the university a small stake in the company. Stanford plucked $15,657,595 from the IPO and retains a stake worth $140,274,565.

-- Angel Investors. Although it's not well-known, the fund adds even more glamour to the IPO. A list of celebrities including golfer Tiger Woods, basketball star Shaquille O'Neal, California Gov. Arnold Schwarzenegger and former Secretary of State Henry Kissinger all own a sliver of the Angel funds that acquired a small stake in Google during 1999. Angel Investors pocketed $7,061,205 in the IPO and is holding on to a $63,551,355 stake.

Most Google employees who own stock in the company didn't get to participate in the IPO, but some will have a chance to start cashing in next month. Google is allowing company insiders to sell up to another 4.58 million shares on the Nasdaq stock exchange in 15 days.
 
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