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Google, whose shares hit a record of $641.41 a week ago, reported that sales in its third quarter had surged by 57% compared with the period a year ago, and net income by 46%. "We are very pleased with the impressive growth we experienced across our business," said CEO Eric Schmidt, who also told analysts, drily: “It is obvious to us that our model continues to work very well.” "Our core search advertising business experienced continued momentum driven by growth in monetization and traffic, and we are creating a wider and deeper ads system through our focus on innovation, bringing more ad formats to our advertisers," Schmidt (pictured) explained in a statement accompanying the results. "Our efforts to offer more products and services in international markets as well as effectively grow our technology infrastructure and add to our deep talent base during ... (more)

Credit Suisse Says Google's Good for $900

Credit Suisse has pushed its 12-month price target on Google from $800 to $900, causing the stock to regain some of the 125 bucks it's lost to the market roiling since Google grazed $750 earlier this month. Most of Wall Street believes in its heart that Google will see a dizzying $1,000 but few have written it down. Credit Suisse analyst Heath Terry believes Google will drive out all contenders and effectively own 100% of search, which he describes as a "natural monopoly," and that all advertising, including TV, radio and outdoor, will eventually go digital using Google as its "d... (more)

Google and 34 Others Launch Android Platform, Form the Open Handset Alliance

A broad alliance of leading technology and wireless companies today joined forces to announce the development of Android, calling it "the first truly open and comprehensive platform for mobile devices." Google, T-Mobile, HTC, Qualcomm, Motorola and others have collaborated on the development of Android through the Open Handset Alliance, a multinational alliance of technology and mobile industry leaders. This alliance shares a common goal of fostering innovation on mobile devices and giving consumers a far better user experience than much of what is available on today's mobile pla... (more)

Google To Take Online Storage World By Storm

According to the Wall Street Journal this morning Google's preparing a service that would let users store on its computers essentially all of the files they might keep on their personal-computer hard drives - such as word-processing documents, digital music, video clips and images. Or, as CBS News says it, "Google Wants To Be Your Hard Drive." Here is how the Journal summarizes the imminent development:"Google is hoping to distinguish itself from existing online storage services partly by simplifying the process for transferring and opening files. Along with a Web-based interface... (more)

db4objects Announces db4o Database as Android Ready

db4objects announced that the db4o database runs seamlessly on the Android platform, a software stack for mobile devices introduced recently by the Google-backed Open Handset Alliance. db4o provides a fast and secure, native Java object database that makes it easy to store objects and share data between applications. Google introduced Android through the Open Handset Alliance on November 5. The Android stack comes complete with application framework, development environment, tools, debuggers and vital applications for developers to leverage and create applications. Java is the p... (more)