Google CEO, Eric Schmidt, was on Bloomberg discussing the elections, the credit crisis, and Google. Here are some highlights of the discussion.
1) Obama endorsement - he endorsed Barack Obama for President. There has been a wave of followers endorsing Obama after Colin Powell’s endorsement on Sunday on Meet the Press. Schmidt called for greater transparency from the U.S. government, saying it should publish an itemized budget every year. Washington is “dysfunctional,” he said.
2) Less acquisitions - Google will make fewer acquisitions amid the global economic turmoil. This is bad news for venture capitalists looking for exits by More»

Labels: Eric Schmidt, google

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A man claiming to be the “third” founder of Google has appeared out of the woodwork. In a video recording, Hubert Chang, claims that as an NYU Ph.D student in 1997, he was introduced to Google founders Larry Page and Sergey Brin by Stanford professor Rajeev Motwani of Stanford University (btw he can’t even pronounce ‘Motwani’). He says he helped them come More»

Labels: Eric Schmidt, google, Larry Page, rajeev motwani, ram shriram, sergey brin

Google CEO Eric Schmidt, interviewed in Germany, offered several insights into the future as Google sees it. Here are some standout items from that interview. Schmidt quotes are in italics:
There is still a lot of revenue in search - as we get the technology better or as we can do more targeted ads. There is no limit for search marketing. People assume that there is a limit, but we have many more ideas about technology.
…. mobile will be a larger business than the PC-Web. But it will take a few years.
On Google’s investment in More»

Labels: Eric Schmidt, Online Advertising

Maria Bartiromo at CNBC has a detailed interview with Google CEO, Eric Schmidt. The full transcript is here and below. I’ve noted some items below in quotes.
As we’ve noted here before, monetizing video and social media is very difficult. Schmidt confirms that is an ongoing challenge at Google:

… the whole social networking space has been harder for us tomonetize–thatis, develop advertising businesses again–than some of theother–than some ofthe other spaces that we’re in. It has to do what peopleare doing. When youthink about More»

Labels: Eric Schmidt, google

As Microsoft´s merger with Yahoo becomes increasingly likely, Google is continuing to make their concerns public. Speaking in Beijing, China, Google CEO Eric Schmidt said:
“We are concerned that there are things Microsoft could do that would be bad for the Internet,”
Schmidt did not elaborate on this concern, which has also been expressed by Google in many other venues. Clearly however Google worries that the combined Yahoo Microsoft might use Microsoftś browser and operating system dominance to route traffic to their own sites and searches and away from Google, which is still the search engine of choice More»

Labels: Eric Schmidt, Microsoft, Yahoo

Talk about portable widgets is not new. After all, 2007 has been proclaimed “Year of the Widget” by Newsweek. Though what I intend to discuss here is more about portability aspects and efforts in this direction rather than about widgets themselves. One of the early entrants in the market was Knofabulator (remember anyone?) which was bought by Yahoo. Then it seemed that they didn’t know what to do with it and rebranded it but added no extra functionalities. A few days back it was in the news that Yahoo was releasing version 4.5 of its Konfabulator widget. The new More»

Labels: Eric Schmidt, google, Mobile, web 2.0, web 3.0, web applications, Web Apps, widgets, Yahoo, YHOO

Fortune Magazine has come out with a list of the 25 most powerful people in business. At the top of the list is Apple’s, Steve Jobs. Also in the top five are Eric Schmidt, Larry Page, and Sergey Brin of Google.
Other tech giants on the list include of course Bill Gates of Microsoft, John Chambers of Cisco, Mark Hurd of HP, and media mogul cum social networking giant by virtue of MySpace, Rupert Murdoch of NewsCorp. Complete list.
More»

Labels: Eric Schmidt, google, Microsoft

Forbes has an interesting article on how companies can beat Google (Nasdaq: GOOG) when it comes to recruiting talent.
By Brian CaulfieldLet’s just call the Googleplex what it really is: the ultimate recruiting tool. Employees are shuttled to Google’s Mountain View, Calif., headquarters for free. Once they arrive, they’re treated to massages and free gourmet meals. Plus, they’re surrounded by thousands of young, type-A employees from the best schools.
Oh, and then there’s the ultimate status symbol: Google’s soaring stock price.
Google (nasdaq: GOOG - news - people ) has been grabbing talent at a ferocious pace. It’s More»

Labels: Amazon, Apple, Bill Gates, eBay, Eric Schmidt, Microsoft, Steve Jobs, Yahoo

After, Eric Schmidt said that Google will vigorously fight Viacom’s $1B lawsuit against YouTube, Sumner Redstone changed his tune saying, “The Google people are intelligent people. They can live peacefully with companies like Viacom.” Why would Google even want to engage into an agreement on a dying businees model that will eventually kill Viacom? In fact Schmidt went on to say that, “Viacom is a company built on lawsuits … look at their history”. Schmidt also pointed to the fact that Viacom was currently being run by a former general counsel of the company, Philippe Dauman. Redstone More»

Labels: Eric Schmidt