Will Google get hurt by a recession, as some are wondering? According to statements made at the World Economic Forum in Davos, Switzerland yesterday, the answer to that question appears to be “no.” The Financial Times reports the view of several tier-two Google execs who expressed confidence in the continuing growth of the company’s revenues […]
There are a number of stories this morning recapping aspects of the Google Analyst Day discussions, which were overshadowed to some degree by the Microsoft-Facebook announcement yesterday. While most of it appears to have been a basic overview intended to remind financial analysts and some press about the range of Google’s product offerings and their […]
The conference call is going on now. Here’s what the press release says: Facebook and Microsoft Corp. today announced that Microsoft will take a $240 million equity stake in Facebook’s next round of financing at a $15 billion valuation, and the companies will expand their existing advertising partnership. Under the expanded strategic alliance, Microsoft will […]
The NY Post is reporting that Microsoft is weighing two big investment options: buying a 5 percent stake in Facebook (at rougly $500 million), which was widely reported yesterday, or buying some or all of Yahoo. But the options are probably mutually exclusive, given the earlier $6 billion acquisition of aQuantive.
According to this SEC filing/press release (thanks Gary Price), LookSmart CFO and COO John Simonelli announced his intention to resign. LookSmart has been struggling for several years to regain respect and traction following the loss of the company’s deal with Microsoft/MSN, which sent it into something of a tailspin. Since that time the company has […]
Google announced first quarter earnings for 2007 showed revenues of $3.66 billion, an increase of 63% compared to the first quarter of 2006 — and an increase in profits of 69%. You can see the financial tables for the first quarter of 2007, plus the earnings call is archived, and a full transcript will be […]
Below is what happened in search today, as reported on Search Engine Land and from other places across the web:
Reuters reports that Baidu’s fourth quarter profits “soared 400 percent.” Baidu’s fourth quarter net income increased to “122.8 million yuan (US$15.7 million), or 3.54 yuan (45 cents) per diluted share, compared with the year-earlier quarter’s 24.5 million yuan, or 0.71 yuan per diluted share.” But they expect revenue to “decelerate sharply” in the first quarter […]
Google begins its earnings call for the fourth quarter of 2006 in about 10 minutes, but the earnings are out now. You’ll find them here from the US Security & Exchange Commission and here from Google itself. Further below, live blogging from the conference call, a formal transcript, a round-up of news articles and more.
Microsoft ‘not happy’ with search results at News.com reports that Microsoft has lowered their expectations for growth of their search sales in the first two quarters of this year. Microsoft lowered those expectations from as high as 11 percent to as low as 3 percent growth. Microsoft CFO, Chris Liddell, said that Microsoft is “clearly […]