Courtesy of Media Bistro, it has been announced that Google is going to add roughly 4bn to its financial resources with a second stock offering. Google announced that this will provide the company the capital to acquire new business ventures and some development (VoIP rumors). Personally I think this is great. With the current cost of Google [GOOG] being so high, I can never afford a 100 shot lot. Perhaps this will drop the current value so more people like myself can buy a piece of the Google corporation. Experts are not forecasting this to be a negative loss for current stock holders, because the company is growing and they foresee the value to continue its escalating trend. He are some notes from the story:

According to the Wall Street Journal, possibilities include major acquisitions in Asia and 'secret plans' for VoIP Internet telephony. Other suggestions include expanding its nascent video search and developing an electronic payment system. VoIP rumours were given weight by the news that earlier this week the company acquired Android, a portable wireless handset maker founded by a former Apple engineer, Andy Rubin. For Asia, read China, where Yahoo recently took a 40 per cent stake in an e-commerce operation.

The extra cash will raise its reserves to about $7bn, more than Yahoo!'s $3.4bn, but far short of Microsoft's $37.7bn, a not-insubstantial part of which is being ploughed into MSN search.

The downside for existing stock owners is that their holding will be diluted, adding to concerns that the company may be overvalued by as much as 150 per cent. But it is no dot-com disaster; the company is profitable and expects to continue to grow its revenues from online advertising.

~Simon Aughton
PC PRO

So what are your thoughts?
Do you currently own Google stock?
Are you worried about taking a loss?
Are you not going to consider purchasing GooG?