CNET: Google crosses off Merrill Lynch
Google made more financial filings, most designed to give broad disclosures so as to prevent future shareholder lawsuits. Among the "kitchen sink" tidbits:
- The Overture patent lawsuit is fleshed out a little, indicating wide potential effect
- Government regulation may hinder some projects, especially Gmail
- Morgan Stanley won't be among the companies offering Google shares
The pessimism seen in these disclosures relative to Google's sense of the merits of the Overture case and of the political environment that would drive any business hindering privacy legislation should probably be taken with a grain of salt, as the purpose of these filings is mostly to have them on record so as to be able to use them as a defense in a future stockholder disclosure suit.