Google is proud of the innovative products it regularly releases to the public, from the ever-more-targeted Internet search results to an automatic Web-based airport-ride finder.But the coolest stuff is often reserved for Google employees. And they’re about to get access to a killer tool, otherwise known as the “supersecret Google is about to buy Yahoo” alert.Technically, this is an e-mail that informs all 12,230-plus Googlers that the in-house market for transferable stock options has been shut down.In reality, it means something really, really big is about to happen to the company that could affect the stock price.
“For example, if Google decides it wants to buy Yahoo, that’s a really big deal,” said David Sobota, Google’s senior corporate counsel. “We wouldn’t want to disclose that to the world the first time Eric Schmidt comes to a handshake agreement with Terry Semel about it, because that could disrupt the negotiation process.
Source: John Battelle’s SearchBlog