Google Analyst Day
- By: grasshopper [privmsg] On 2nd Mar 2006 In
It's Google Analyst Day in Mountain View - a closed meeting with financial analysts. CEO Eric Schmidt announced their goal was to "become a $100 billion company" in 2006. Since their valuation today puts them at over $111 billion, that statement leaves me a bit perplexed - kinda like a 30-year-old saying "my goal is to live to the age of 25". Weird.
[Eric Schmidt] denied that advertising pricing for popular keyword searches in Google's industry-leading pay-per-click system had weakened in recent months, as some analysts have speculated.
"It does not look like any specific segment has topped out," Schmidt said, adding that he saw significant pricing power "to the upside" -- in other words the capacity to boost the prices its advertising customers pay.
They said $100 billion as in
They said $100 billion as in hoping to have annual revenues at that level.
For him to say no markets are topped out sounds silly though. Surely some are overpriced by now...although they may stay that way for a while.
yes quite confusing. If it
yes quite confusing.
If it was $100 billion value then we have to wonder why the CEO does not know the stock price.
If it is revenue then he is aiming to grow revenue 16 times over this year.
if they achieved that growth then Google's value would be something like $1,800 billion is that 1.8 quadrillion? I don't know I don't think anyone ever counts money that high.
why not go for $1 sextillion? sounds better to me