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Tag Archive: Eric Schmidt

Apple Board Meeting To Discuss Schmidt Replacement

Apple Board Meeting To Discuss Schmidt Replacement

Apple won’t say either way, of course, but according to a Wall Street Journal report, the Apple board is set to convene tomorrow to set about finding a replacement for Google chief executive Eric Schmidt.

He’s stepped down from the board after regulators expressed concern about collusion, which had become more acute following Google’s entry into the phone software market. That’s also prompted scrutiny from the FTC on what, if anything, might be going on between the two companies.

Arthur Levinson, who’s chairman of Genentech, is also on the boards of both Google and Apple. What will happen to his position remains unclear.

Google’s Profits Surge In Second Quarter

Google

As many people have noticed, there’s a recession going on at the moment, with people losing jobs, money, and houses. But it seems to have pretty much by-passed the behemoth that is Google. The company has just posted its figures for the second quarter that end in June, and their profits have leaped up by 18%.

For the three-month period, profits were $1.48 billion on revenue of $5.52 billion – so the revenue only went up marginally, by 3%, over the same period last year. The company has a very comfortable $19.3 billion in cash.

 Read more...

Google CEO Won’t Quit Apple Board

Google CEO Won

The Federal Trade Commission is looking at it as a possible breach of antitrust laws, but Eric Schmidt, the CEO of Google, is adamant that he won’t quit his position on the board of Apple.

Schmidt said:

"If there are issues on competitiveness, I recuse myself."

And those issues are definitely there, given that Google has the Chrome and Android OS, while Apple offers Safari – he also leaves the boardroom when talk turns to the iPhone.

"From my perspective I don’t think Google sees Apple as a primary competitor," he told journalists prior to addressing Google shareholders, according to the BBC. Google’s legal counsel, Kent Walker, noted:

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FTC Looking into Google-Apple Ties

FTC Looking into Google-Apple Ties

It’s no secret that Apple and Google have been on fairly friendly terms over the last few years: a few examples include the iPhone tying in with services like YouTube and Google Maps as soon as it became available, and Google’s Chrome browser being based on WebKit, the same KHTML-derived codebase that Apple uses for its own Safari Web browser.

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Google’s Revenue Down, But Profits Up, In First Quarter

Google

Even the giants don’t go untouched by recession. That seems to be the lesson to draw from Google’s announcement yesterday of its first quarter earnings, which largely fell in line with Wall Street expectations.

It was the first time the company had experienced a drop in revenue since it went public, and at $5.5 billion it was down 3%, but that’s a 6% increase over the first quarter of 2008. The good news is that profits rose 8.9%, from $1.31billion to $1.42billion.

Eric Schmidt, chief executive of Google, said:

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Obama Will Appoint U.S. CTO

Obama Will Appoint U.S. CTO

Chief technology officer has a ring about it. But the US will have one soon, as President-elect Barack Obama confirmed he will create the post after taking office. It’s a promise he made during his campaign.

The US CTO will have to ensure the government systems adhere to policy and function well, in addition to planning for the nation’s technological future.

The Obama team said:

“Obama will appoint the nation’s first Chief Technology Officer (CTO) to ensure that our government and all its agencies have the right infrastructure, policies and services for the 21st century.”

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Google-Yahoo Antitrust Problem?

Google-Yahoo Antitrust Problem?Reuters has reported that the Department of Justice is taking a close look at the two-week ad alliance set up by Yahoo and Google because of antitrust implications.   Part of the problem, according to sources, would seem to be a phone callthat Eric Schmidt, Google Chief Executive, supposedly made to Yahoo CEO Jerry Yang, offering to help stymie Microsoft’s takeover bid.   Bothcompanies said they’d told all the relevant authorities about their two-week ad test, with Yahoo spokeswoman Tracy Schmaler saying, "Yahoo proactively kept the Department of Justiceinformed of its intentions to conduct this limited test with Google and have provided information to DOJ on the nature of the test." Although the ad test ends this week, reports are that theDepartment of Justice is worried about a longer-term deal.

Google Reports 30 Pct Profit Rise

Google Reports 30 Pct Profit RiseGoogle keeps going from strength to strength and even bad economic wear can’t seem to touch it. The search giant has reported that its first-quarter profitswere up 30% on the same time last year, at $1.31 billion.   For the period ending March 31, Google reported a rise in sales of 42% to $5.19 billion, easing any worries they’d been hit bythe economic slowdown.   However, in part because of the weak dollar, the company for the first time earned more abroad than at home, with 51% of total sales from overseas.   comScore has reported that click-throughs on Google’s AdSense program had fallen significantly, with a first-quarter growth of just 1.8%, as opposed to 25% in thefourth quarter of 2007. However, Google has vastly reduced the number of ads on a page in the hope of better targeting.   Google chief Eric Schmidt credited "innovation in search, ads, andapps" for the increase in the bottom line.

EU Probes Google Deal

Google might have thought it was onto a winner when it spent $3.1 billion to acquire online ad firm Doubleclick. But the fallout has proved to be more than they might have anticipated.   First the deal has been under review since May by the Federal Trade Commission. Now the EU Commission is launching an investigation, citing concerns over competition. It’s set a date of April 2, 2008 to reach a decision.   Google has pledged to work with the EU Commission to demonstrate the advantages in the acquisition.   “We seek to avoid further delays that might put us at a disadvantage in competing fully against Microsoft, Yahoo, AOL and others whose acquisitions in the highly competitive online advertising market have already been approved," Google head Eric Schmidt told the BBC.  

Apple Refreshes iMac, Introduces iLife ‘08

At a press event today in California, Apple CEO Steve Jobs took the wraps off a new all-in-one iMac, featuring 20- and 24-inch screens and a new eco-friendly aluminum and glass design built with recycling in mind.

The new iMacs will be available with either 20- or 24-inch glossy LCD displays, powered by ATI Radeon graphics controllers. The systems will sport Intel Core 2 Duo processors at speeds up to 2.8 GHz (on the 24-inch model), handle up to 4 GB of RAM (accessible by removing just one screw), and offer from 250 GB to 1 TB of hard drive storage. Of course, the new iMacs will support 802.11n Wi-Fi wireless networking, and will also offer three USB 2.0 ports, one FireWire 400 port, and one FireWire 800 port, and a DVD-burning SuperDrive.  Read more...

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