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 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)
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)
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 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)
SYS-CON's Open Web News Desk tracks the constant stream of compelling technology and Open APIs being released by or catalyzed by Google and its allies.
Amy Eager
Michel Courtoy
Amitabh Sinha
Mark Leake
Rajeev Kozhikkattuthodi
Stefana Muller
Tracy Bannon
Lev Lesokhin
Nishanth Kadiyala
