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Google IPO No Bargain

Stock quotes in this article: YHOO , ASKJ , MSFT , FWHT , GOOG  

Updated from 10:52 a.m.

Google gave the flagging Internet sector hope Monday with news that its initial public offering is drawing strong demand.

The search-engine company said in a regulatory filing that it expects to raise as much as $3.32 billion in its hotly anticipated IPO. Google pegged the per-share price at between $108 and $135. The top end of that range is half again as much as some observers had expected, and puts the company's price-to-earnings ratio well into the triple digits. ...

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