Laziness was crowned king last week in Mountain View, Calif., the home of Internet search pioneer Google. And, thanks to King Laziness, we won't be seeing an initial public offering from Google any time soon.

"Thus far, laziness has always won out. There are so many better things to do," Google co-founder and technology head Sergey Brin told the PC Forum in Scottsdale, Ariz.

What those "better things" are, no one is sure about. But Brin's comments caused consternation on Wall Street, where a Google IPO had been widely expected to herald a new age of Internet-company investment.

"The sector really needs Google to go public," a veteran investment banker said. "I don't think the market conditions matter. Look at JetBlue. They took an airline public eight months after Sept. 11, and no one has had to question that move."

Indeed, JetBlue Airways has been successful in what quickly turned into the worst 18-month period in airline history.

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