Tuesday, October 03, 2006

Google Buy-Back :)

Buy-back of shares by successful companies is quite common place. Happens everyday, but how many times have we heard of companies buying back the garage where the company was started. But then, it was no surprise. It was Google after all.

Sergey Brin and Larry page started out Google in their Dorm in Stanford and later moved into this Garage that you see in the left. It had belonged to one Ms Wojcicki who now works for Google as vice president of product management, and works at the firm's headquarters in the nearby town of Mountain View.

In 2004, Hewlett-Packard which also started out at a garage, paid $1.7m for the garage where it was founded in the Californian town of Palo Alto in 1938.
[Source: BBC]
[Picture courtesy BBC and Associated Press]

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