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Google: Not quite ready for an IPO yet

Google, the Internet search company that defied dot-com tradition by surviving and flourishing, has no plans right now to go public, Chief Executive Eric Schmidt said on Monday.
Asked at the JP Morgan Technology and Telecom conference here, what market or other conditions would be needed to persuade the company to make an initial public offering, Schmidt declined to answer, saying with a smile: ``that would be speculation.''
Schmidt said the company will stay focused on its core search technology, which it outsources to corporations, Web sites and Internet service providers such as Yahoo and America Online.
Source: ZD Net.
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