您正在看的时事英语是:Google上市潜在受益者多多。 when a company is involved in the high-risk realm of technology.

"It's bound to happen," Andy Bechtolsheim, who was the first person outside the company to invest in Google, said of the long-awaited public offering. Mr. Bechtolsheim, a founder of Sun Microsystems, said he owns a little more than 1 percent of Google. Assuming a huge opening day, the $200,000 he invested in Google in 1998 could be worth at least $300 million. Not everyone would fare as well. Many own a small stake in Google through an investment syndicate that included lots of Internet failures, and would stand to make only a modest profit on their total investment, if anything.

The list of those eXPected to profit handsomely if Google proceeds with an initial public offering certainly includes the usual suspects. Start with the company's two young founders, Sergey Brin and Larry Page, who started Google as graduate students at Stanford and are known affectionately as "the boys" among Silicon Valley insiders.

Mr. Brin and Mr. Page, now in their early 30's, together own an estimated one-third to one half of Google, depending on which insider's number deserves credence.

"In a way, it doesn't make a difference whether the boys own a third of the company or half," said a Silicon Valley venture capitalist who spoke on the condition he not be identified because Google is a secretive company. "We're all living in a Google world now. You can safely say," he said, that "both of them will be worth in the many billions."

Kleiner Perkins Caufield & Byers and Sequoia Capital, the two venture capital firms that invested in Google in June 1999, just as Google was becoming a daily tool of the digital elite, each own 11 percent to 14 percent of the company, several Silicon Valley venture capitalists say.

The list of institutions that stand to make a small fortune from Google includes two of its potential rivals, America Online, now part of Time Warner, and Yahoo.

"People made fun of Yahoo for its licensing deal," said an executive at a search-related start-up company that is a partner with Yahoo and Google, who insisted on anonymity to avoid spoiling his relationships. "They helped to create a big competitor. But this deal that hurts them strategically will make the company a lot of money."

Yahoo invested $10 million several years ago, when Google was the search engine powering Yahoo's operations on its Web portal. Yahoo owns a small stake, a person who has seen the terms of the deal said.

Under a different deal struck in 2002, America Online has the right to buy nearly two million shares of Google for roughly $22 million, according to Time Warner.

A list of the others who stand to be enriched should Google go public seems to prove that the rich get richer. It reads like a "Who's Who" of Silicon Valley insiders, including Frank P. Quattrone, the former investment banker now on trial in Manhattan on charges of obstruction of justice and witness tampering.

It includes some of Silicon Valley's greatest entrepreneurial successes, including Marc Andreessen, the founder of N