Google Says Goal To Build $100 Billion Company

[NamingJournal.com]

NEW YORK (Reuters) - Web search leader Google Inc. (NasdaqNM:GOOG - News) signaled the company's ambition is to become a $100 billion revenue company and said on Thursday that it plans to put systems in place to help reach that scale during 2006.

"I'll leave it to you to judge whether that is $100 billion in market capitalization or revenue," Google Chief Executive Eric Schmidt said when discussing priorities for 2006. As of Wednesday, Google's market capitalization was over $111.5 billion.

Priority goals also include improving the quality of its core Web search and advertising businesses, boosting the size of its Internet audience and expanding the number of products, services and business partnerships, he said.

"It looks to us like international growth is very strong and likely to remain so for a very long time," he said.

Schmidt was speaking to financial analysts at the opening of the company's annual Google Analyst Day meeting at its Mountain View, California headquarters. His remarks were Webcast.

(Additional reporting by Paul Thomasch in New York)


more articles @ www.namingjournal.com - "serious, but entertaining"

 

[faisj]

Step one: Let George Reyes (Google's CFO) first think before he
talks at the investor conference. lol

http://edition.cnn.com/2006/BUSINESS/02/28/google.ap/index.html

 

[gchick]

$100 billion?!?!

 

[gamehouse]

Everything comes to a saturation at one point. Even inventions come to a saturation tried by the same group again and again.

What happened, google videos, did not take off. I read mediapost news that google wants people to pay to see one minute ADS, can you believe that?

If google thinks it can put search everywhere including on our food plate, far fetching.

While google ideas could be of inventing nature, few of them are not. Like ads in print, ads on radio, they were there before and they will be there after. Just that google may be streamlining them.

Most of all, ads and ads and more ads, do we really need more ads. I don't

IMHO, while a steady growth is good, a sudden hype is not good.

Gamehouse

Step one: Let George Reyes (Google's CFO) first think before he
talks at the investor conference. lol

http://edition.cnn.com/2006/BUSINESS/02/28/google.ap/index.html

 

[faisj]

Everything comes to a saturation at one point. Even inventions come to a saturation tried by the same group again and again.

What happened, google videos, did not take off. I read mediapost news that google wants people to pay to see one minute ADS, can you believe that?

If google thinks it can put search everywhere including on our food plate, far fetching.

While google ideas could be of inventing nature, few of them are not. Like ads in print, ads on radio, they were there before and they will be there after. Just that google may be streamlining them.

Most of all, ads and ads and more ads, do we really need more ads. I don't

IMHO, while a steady growth is good, a sudden hype is not good.

Gamehouse

Its not "the content" of the msg but, the CFO should think
before to make such a statement. ( that really had a negative impact
on the stock )

 

[gamehouse]

yes, I agree with what you said.

Gamehouse

Its not "the content" of the msg but, the CFO should think
before to make such a statement. ( that really had a negative impact
on the stock )

 

[deleted984054565403]

Google is expanding too fast. It seems as if since they've gone public they feel as if they own the internet and beyond. Some features are nice but they're straying from the original idea of simplicity.