“Google had a strong quarter–we saw 7% year-over-year revenue growth despite the tough economic conditions,” said Eric Schmidt, CEO of Google. “While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future.”
Google reported revenues of $5.94 billion for this quarter , an increase of 7% compared to the third quarter of 2008. Full report here…
WR Hambrecht CEO Bill Hambrecht on Google’s IPO anniversary (movie uploaded 2 minutes ago):
A Dutch auction is a type of auction where the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer’s price, or a predetermined reserve price (the seller’s minimum acceptable price) is reached. The winning participant pays the last announced price. This is also known as a “clock auction” or an open-outcry descending-price auction. wiki
Big buzz in London these days as Google plans to relaunch a new version of its search engine. Since Google is the only player in the local (Romanian) search market, and only a few websites depend on direct traffic, any change is interesting to follow.
This upgrade is also probably a response to Bing in a very competitive market. Google aims real-time relevant search and they’re also focusing on a multi-platform user experience.
Interesting to note:
- new architecture will include crawling, indexing, and ranking changes;
- “page rank” was so 2008 – new focus on reputation and authority;
According to alexa.com, Google.ro is now the most popular website in Romania – few people know that in 2001 Google.ro was registered by someone else and the first Romanian localised version was available in 2003.
But, by far, the most interesting fact is that the servers hosting google.ro are installed in a military governmental facility, in a high-technology campus at NASA Ames Research Center in Mountain View (a partnership created between the public and private sector, Google pays NASA an initial base rent of $3.66 million per year but for this money the have their own airstrip just a few meters away ).
This is the first major online news that involves IAA. If you don’t know (yet), IAA is the International Advertising Association, a “one-of-a-kind global network” with more than 4,000 members, 56 chapters, 76 countries. IAA’s members are top players from the marcomm industry and that’s why this press release is important.
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