Google plans to launch their own Operating System later this year and compete with Microsoft in the OS marketThe operating system will be designed to run the Chrome web browser on netbooks.
Our interview with a google executive on the eve of Google's annual IO developers conference.
Tim Armstrong, a senior vice president at Internet search king Google, was named chairman and chief executive of troubled Web company AOL on Thursday.
Despite its Q4 net income dropping 68% to $382 million, earnings per share came in at $5.10, beating analyst expectation of $4.95 per share.
Sales for the fourth quarter ending in December were $4.22B, up 24% from a year ago when revenues were $3.39B. Analysts expected sales to hit $4.12B. A major boon to revenue was Google's foreign currency hedging practices, which added $130MM to Google's top line for the quarter.
"SAN FRANCISCO -- Google Inc said it will lay off 100 full-time recruiters and close three engineering offices, the latest sign that the weak economy has not spared one of the technology industry's most resilient companies."http://www.financialpost.com/money/rates/story.html?id=1180389
"Nov. 25 (Bloomberg) -- Google Inc., owner of the most popular Internet search engine, rose the most in a month in Nasdaq trading after Barclays Capital said spending on ads is increasing. "http://www.bloomberg.com/apps/news?pid=20601204&sid=aLL_N3jWPAp4
On October 16, 2008 Google released its third fiscal quarter earnings results. Advertising revenue and web traffic both grew during the quarter and Google was able to beat analysts' earnings estimates. Google reported net income of $1.35 billion, up roughly 26% from $1.01 billion during the same quarter in 2007. These results helped to strengthen investors' confidence in Google's ability to remain profitable during a slowing economy and shares rose more than 2% following the release.
The G1 will be available in stores Oct. 22, competes with Blackberry, Microsoft, and Apple iPhone.
US DOJ hires antitrust attorney Sanford Litvack to investigate Yahoo's plan to outsource search advertising to Google.
Google launched a new web browser
On July 18, 2008 Google released its second quarter earnings results. The company fell short of analyst expectations earning $1.25 billion during the quarter. Google's weaker-than-expected earnings have served as a sign that the internet giant is susceptible to weak market conditions. Shares dropped nearly 10% on the earnings release.
On June 30th 2008 Google launched an affiliate ad network similar to that of Amazon.com. The affiliate network was originally part of DoubleClick, which was purchased by Google in 2007, but has now been branded with the Google name. The network, now known as Google Affiliate Network, pays website publishers for each referral that results in a sale.
The Google deal, tested for two weeks in April and under development since then, could help improve the revenue generated by Yahoo's search. But investors probably shouldn't expect a significant financial lift until 2009, because the deal won't necessarily kick in immediately
Google Inc. said Thursday its fiscal first-quarter profit rose 31%, despite concerns about growth in the Internet company's core search advertising business. Mountain View, California based Google said net income for the period ended March 31 rose to $1.31 billion, or $4.12 a share, from $1 billion, or $3.18 a share, in the same period a year earlier. Meanwhile, revenue rose to $5.19 billion from $3.66 billion. Excluding special items, Google said earnings for the period were $4.84 a share. Net revenue, or revenue minus payments made to other sites to acquire Internet traffic, came in at $3.7 billion. Analysts had estimated Google would post earnings excluding special items of $4.55 a share and net revenue of $3.61 billion, according to FactSet Research.
Google Inc.'s shares soared Friday as investors responded enthusiastically to the Internet search leader's report that its first-quarter profit beat analysts' expectations, aided by growth in paid clicks.
Google shares rose $96.32, or 21.4 percent, to $545.86. In the past year, the stock has traded between $412.11 and $747.24, declining sharply since late December as investors worried about broader economic weakness impacting the company.
The company also reported that its total paid clicks grew 20 percent year over year -- a slowdown from previous quarters that the company attributed to changes meant to improve the quality of clicks and, eventually, generate more revenue from fewer clicks.
Facebook named Google Inc's global sales head, Sheryl Sandberg, as the social networking site's new chief operations officer, accelerating a decline in Google shares to year lows.
Internet research firm comScore issued a report Feb 25th showing a 7 percent decline in advertisements viewed on google during January compared with the january one year earlier, even as Web searches increased 10 percent.
Speculation that the US would enter a recession. Traditionally, the advertising business is cyclical, with companies cutting back on ad spending during downturns. 99% of Google's revenue comes from advertising, so the slowdown could impact them in a big way.
Microsoft proposed a buyout of Yahoo for $44.6 Billion
Nine of the 100 companies to make Fortune Magazine's latest 100-best-companies-to-work-for list are based in or around the Bay Area, with Mountain View-based Google taking top honors for the second year in a row.
Employees of Google are drawn to the "flexibility, financial security, of course, and the opportunity to get things done," Fortune said in a video report. Google, which employed 15,900 people as of Sept. 30, lets workers spend one day a week on their own projects.
Google Inc. shares fell more than $11 Monday as investors sussed out a report that the Internet giant is exploring a method of selling European newspapers' advertising space online.
The Times of London reported that the service, called Google Print Ads, would employ a method similar to an auction. Customers reportedly would be able to choose a newspaper online through Google and place a bid for advertising space. The bids are to be on a day-to-day and page-by-page basis.
Users performed 4.25 billion searches through Google in November, representing 57.7 percent of U.S. online searches performed that month, compared with 4.40 billion searches, or 55.5 percent of queries, performed through Google in October.
Great earnings by RIMM pulled up tech stocks on 12/21 right from the open.
Starting today, Gmail users can sign into their AIM accounts via Gmail chat and talk with AIM buddies just as they do with their Google Talk friends. Best of all, the features you love most about Gmail chat, such as chat history and automatic sorting of your buddies based on frequency of communication, work seamlessly across your Google and AIM buddies.
The EU's antitrust regulator announced an inquiry into Google's planned acquisition of online advertiser DoubleClick, citing concerns that the deal may give Google excessive control of the online advertising market.
Google is set to release its own mobile platform next year in a bid to drastically shake up the cell-phone industry and provide mobile users with a host of new applications, the Wall Street Journal reported. Google officially made the announcement on November 5th. In addition, Google has been making arrangements to participate in the next wireless spectrum auction on January 24th, opening the doors to potential wireless partnerships.
A slew of social networking websites including Bebo, LinkedIn, and MySpace announce plans to join Google's Open Social
As some of you know, IMAP is the best way to access your email from multiple devices (e.g. phone or desktop). It keeps the same information synced across all devices so that whatever you do in one place shows up everywhere else you might access your email.
Google said strong performance in its core search and advertising business propelled revenues, excluding commissions paid to advertising partners, to $3.01 billion. Profit, excluding certain items like stock-based compensation, was $1.24 billion, or $3.91 a share.
Google acquires Jaiku, mobile instant messaging company from Finland
Google's shares fell 5-6% as profit increased by only 28%--lowest since its 2004 IPO. Revenue was up a robust 58% compared to the same period 12 months prior. Margins were squeezed by new hires, new data centers, employee bonus accounting and costs from content for its website.
Google's stock price jumped by $14 as the company announced its forthcoming comprehensive search program. In the future searches will return videos and pictures as well as webpages; the move promises to expand (or maintain) Google's popularity, which bodes well for advertising revenues.
Google's price per share dipped by $10 over night as the SEC questioned Google's income tax accounting, possibly opening up Google to further legal difficulties.
Google's stock price tumbled from $501.50 to $467.16 as Viacom demanded that Google remove from Youtube all videos showing content copyrighted by Viacom. The action presaged a lawsuit which materialized a little more than a month later on March 13. At that time stock price also fell, though not by as much.
