PBS | I, Cringely . August 25, 2005 - Has Google Peaked?: "What the heck Google is up to is a favorite topic of conversation this week in high tech circles. What's driving this is a combination of things including the new Google Toolbar, Gtalk, but most especially the company's announcement that it will shortly sell another $4 billion in shares. What does Google plan to do with all that money, people are wondering?
Nothing at all.
It's just a hunch of mine, but with more than $2.5 billion in cash already on-hand, I don't think Google has any plans at all for that extra $4 billion. The company just knows that this is the time when it can probably get the most money for the least stock EVER, so selling a few million extra shares now is just a cheap insurance policy against some later day when Wall Street might not be so enamored of the giant search company."
Cringley goes on to speculate about Apple becoming a more strategic threat to Microsoft.