rim job

Another scary number that I was struck by today. Google came out with the pricing for their IPO. There were a raft of articles that talked, at length, about how overpriced it was.

On a price/sales basis it was about the same as the current stock price for Research in Motion.

I know which one I like better and it’s not RIM although I wouldn’t buy either at these prices. Although that is coming from a guy whose stock trades at 1/12th the multiple of price/sales of RIM so I could just be bitter ;-).