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Google Doubles its Profits
WinEveryGame writes "Google just announced a very strong quarter. The internet search engine said it had net income of $721m, or $2.33 per diluted share, up from $343m a year earlier. Wall Street had expected earnings of $1.94 per share. Earlier this week Yahoo had announced lower than expected earnings."
Seriously, it's nice to see a company that values its engineers doing so well.
--- "We've always been at war with Eastasia."
And all this money comes from adwords? Does it bother anyone besides me that google has only one source of revenue? It's like a company that sells only one product ... if demand for their product decreases the company dies. For example consider this possible situation: Microsoft bundles an adblocker with IE, automatically turned on, that blocks, among other things, google's adwords. Even if google sues MS could keep it in court long enough for google to go under. Scary isn't it?
Philosophy.
Is it the value of the engineers?
or is the value of a natural monopoly in a truely open market as opposed to a tied monopoly in closed market such as the MS's?
Do not get me wrong. Google's engineering is what got them to this size. After all, Alta Vista, Yahoo and MS held 95% of the market when Google started. It is Googles superior ideas that enabled them to beat these other companies.
I prefer the "u" in honour as it seems to be missing these days.
I had a yahoo webmail account, the new webmail beta needs new windows or mac, since i have neither webmail beta is a no go. Explain to me why webmail needs windows or mac binaries - spyware ?
Geocities trashed my webspace too after a couple of years no explaination about that either
What can we learn from yahoo ?
> $2.33 earnings per share, at a cost of $387 per share. That's a return of 0.6% per year on your
> investment so at this rate it will take about 166 years to get your investment back in earned
> value.
Er..you own the share too, so you'd have $389.33. Then there's dividends - many people own shares in companies that have negligable growth for years, purely because the dividends return more money than they'd get as interest from a bank.
I wish I could come up with that kind of "bad business model"
Seriously though your "possible situation" is 100% laughable. If MS released such a browser it would take a long time to seriously penetrate the market and there would be strong resistance not just from Google. If the browser won't show ads then 99% of sites out there would refuse to serve it content.
Google will certainly face challenges but to suggest that adwords revenue will simply disappear is absurd.
Boffoonery - downloadable Comedy Benefit for Bletchley Park
Why is news about google stock on the site? Since search was down, I didn't get to see if slashdot posted news about Yahoo's stock dropping 22% in a day, the largest single drop ever, on Wed. Either make a customized finance.slashdot.org (which I'm sure a lot of slashdotters would be quite happy about, focusing on the financial aspects of certain tech companies and F/OSS finances) or don't report news at all.
But please, none of this "Logo Toilet Paper to replace Charmin at the Googleplex" news. I find slashdot diverging from its focus when it reports minutia about google. Either report all minutia, or report none, and especially don't bias toward certain companies (Yahoo, an equally important company, isn't nearly as well followed?)
Do not downmod posts "overrated" simply because you disagree with them.
I'm holding my breath waiting until Google, the holy virgin and the axis of all goodness, donates a fraction of their profit comparable to that contributed by the much hated Microsoft.
Not to be a Microsoft-Bash party pooper, but MS has made a few things that 'work', and even work well (as you mentioned, BASIC). The two that come most immediately to mind in the present world are MS Word and MS Excel. I personally use Open Office, not because it is better (because it isn't), but because I am poor. For those who can afford it, these programs are worth the investment. Though, I will admit this does not make up for the crap we have had to put up with from their OS department.
All the techniques ever used to make men moral have been themselves thoroughly immoral... (Nietzsche)
Do keep in mind, especially with financial transactions, there are different laws in different countries and they may not be able to quickly release a certain product in your country.