Cloud Computing Expo - Schmidt Speaks

Schmidt Said Google's Stock Wouldn't Split and That Google Wouldn't Start Issuing Guidance

Aug. 17, 2008 09:00 PM

Jim Cramer’s been doing a stint on CNBC in the middle of the trading day and, being a Google booster, managed to entice Google’s usually standoffish CEO Eric Schmidt on the air the other day.

Schmidt said Google’s stock wouldn’t split and that Google wouldn’t start issuing guidance (it would distract Googlers from “trying to change the world,” he said).

He also reckoned online advertising will ultimately be worth a trillion dollars – when exactly is wholly unclear – maybe after Eric retires – and that Google could make more money from mobile than from the desktop. Mobile can be more targeted, he said.

He shrugged off Gmail’s collapse the other day as “just a screw-up” and said that even if Google’s $1.6 billion YouTube acquisition turned into a loss leader because Google couldn’t monetized it he was confident it could be a feeder for Google.

Naturally, he defended his questionable deal with Yahoo as just a simple non-exclusive outsourcing arrangement.

Cramer was, well, fawning.

Google is estimated to have 70.77% of the US search market.

Separately, Google and Yahoo released a highly redacted copy of their agreement this week and it goes beyond search advertising to include AdSense ads on Yahoo sites.

Published Aug. 17, 2008— Reads 1,324
Copyright © 2008 SYS-CON Media. All Rights Reserved.

About Maureen O'Gara
Maureen O'Gara is the Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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