schmidt

The partnership to place some Google ads next to Yahoo's search results will go into effect by early October, Chief Executive Eric Schmidt told Bloomberg on Thursday, indicating the deal hasn't been derailed at least so far by antitrust scrutiny.

The companies gave themselves three and a half months to start the partnership when it was announced June 12, and Schmidt's latest comment indicates the deal is still on that schedule. That time period runs through about the first week of October.

"We are going to move forward," Schmidt told Bloomberg Television.

"We are … Read more

During a CNBC interview Wednesday with Mad Money's amped-up Jim Cramer, Google CEO Eric Schmidt was asked about placing ads on the home page of the leading search engine. He said Google wouldn't allow ads on the home page, even though it could bring in "some number of billions of dollars."

Let's say that some number of billions is $2 billion annually, which would be close to a 10 percent bump in revenue for violating the home page with ads.

"People wouldn't like it. We prioritize the end user over the advertiser," … Read more

HALF MOON BAY, Calif.--What's Google's next big revenue stream? Text ads remain the cash cow for the present, but the company's future includes a big role for display advertising.

"I think the opportunity for display is pretty large because people are shifting what we think of as offline budgets to online," said CEO Eric Schmidt at Fortune's Brainstorm Tech conference here.

"The reason I say it's the next logical one--customers who buy text ads are also busy buying display ads from other sources...So, it's a big space," said … Read more

Investors punished Google for the less-than-stellar second quarter results it reported on Thursday, sending the share price down about 10 percent to $482 in Friday trading. So what went wrong?

No one thing was responsible, but a few factors combined to make a 35 percent growth in net income to $1.25 billion look like bad news.

Interest income First, the company missed expectations: net income, excluding various items, was $4.63 per share, short of the $4.74 expected by analysts surveyed by Thomson Reuters, and that's usually enough to send the stock down in after-hours trading.

But … Read more

Google's Father, Father and Holy Ghost each released some some very interesting words about advertising yesterday.

Which makes me wonder what the private conversations of the Blessed Trinity must be like.

Mr. Schmidt declared that his Holy Grail was to find the right formula- I think he meant to say formoolah- for delivering ads to YouTube.

Should the ads crawl along the bottom of the video area? Should the run silkily across the screen before the video begins?

Or should they crawl onto your desktop and keep playing until you click a button to declare that yes, you got … Read more

Most investors would be delighted with a 35 percent increase in net income, but not when it's Google in a soft advertising market and the results fell short of expectations. Here are highlights of what Chief Executive Eric Schmidt and others had to say during Google's conference call about its second-quarter financial results.

• To recap, Google reported net income of 1.25 billion, a 35 percent increase over the earlier year. But earnings per share, excluding various items, were $4.63 per share, short of the $4.74 expected by analysts surveyed by Thomson Reuters. Revenue increased … Read more

Faith in Google's financial strength, restored somewhat last quarter, turned out to be fragile as the company reported earnings Thursday that fell short of analyst expectations.

Google's net income rose 35 percent to $1.25 billion for its second quarter, the search giant said. Excluding various items, it reported earnings of $4.63 per share, short of the $4.74 expected on average by analysts surveyed by Thomson Reuters.

In after-hours trading, the stock had dropped as much as $60, or more than 11 percent, according to CNBC. However, the stock recovered somewhat, down $46.31, or 9 … Read more

Google CEO Eric Schmidt, in an interview with The New Yorker's Ken Auletta, said he never anticipated router-level information restrictions and said he's concerned.

"I had never appreciated that governments would see the internet as so important that they would begin to block it at the router level, so I worry about that," Schmidt said.

Schmidt did not name specific countries, but the type of blocking, including that of Google's YouTube, applies directly to China. He also said that Google talks to governments about what they're blocking and tries to convince them that offending … Read more

Sometimes, apparently unrelated events are really part of a strategy.

You trim your eyebrows. You visit a shrink. You suggest a late meeting with an attractive co-worker. Only afterwards do those around you see the connection between the three.

I am getting the same feeling about Google.

Google always wanted everyone to believe that it would never change. That it was a fine and spiritual body, eager to do good, while taking charitable donations on the side. (the side of the page, to be precise)

A sort of Mother Teresa with sideburns and a poetic songbook.

Now, as Bronski Beat … Read more