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Google Beats Earnings As Eric Schmidt Hands Over CEO Spot To Larry Page, Stock Goes Berserk In After Hours Trading
Google trading in afterhours is like a ritalin-fueled, amphetamine-infused roller coaster ride. After opening $25 higher, the stock subsequently turned red. And while results were great, the executive shake up which sees Eric Schmidt becoming Chairman and Larry Page CEO is spooking the stock. Perhaps that explains why GOOG has been one of the biggest insider sellers in past months...
Earnings details:
- Q4 revenue USD 8.44bln vs. Exp. USD 6.06bln
- Q4 paid clicks rose 18% vs. year ago
- Q4 revenue ex-tac USD 6.37bln
- Q4 traffic acquisition costs USD 2.07bln
- Q4 average cost-per-click rose 5% vs. year ago
- Q4 sites revenue USD 5.67bln
- Q4 international revenue USD 4.38bln
- Q4 network revenue USD 2.50bln
- Larry Page to take charge of day to day operations as CEO
And here is the Larry Schmidt explanation for why he is leaving:
When I joined Google in 2001 I never imagined—even in my wildest
dreams—that we would get as far, as fast as we have today. Search has
quite literally changed people’s lives—increasing the collective sum of
the world’s knowledge and revolutionizing advertising in the process.
And our emerging businesses—display, Android, YouTube and Chrome—are on
fire. Of course, like any successful organization we’ve had our fair
share of good luck, but the entire team—now over 24,000 Googlers
globally—deserves most of the credit.
And as our results today show, the outlook is bright.
But as Google has grown, managing the business has become more
complicated. So Larry, Sergey and I have been talking for a long time
about how best to simplify our management structure and speed up
decision making—and over the holidays we decided now was the right
moment to make some changes to the way we are structured.
For the
last 10 years, we have all been equally involved in making decisions.
This triumvirate approach has real benefits in terms of shared wisdom,
and we will continue to discuss the big decisions among the three of us.
But we have also agreed to clarify our individual roles so there’s
clear responsibility and accountability at the top of the company.
Larry
will now lead product development and technology strategy, his greatest
strengths, and starting from April 4 he will take charge of our
day-to-day operations as Google’s Chief Executive Officer. In this new
role I know he will merge Google’s technology and business vision
brilliantly. I am enormously proud of my last decade as CEO, and I am
certain that the next 10 years under Larry will be even better! Larry,
in my clear opinion, is ready to lead.
Sergey has decided to
devote his time and energy to strategic projects, in particular working
on new products. His title will be Co-Founder. He’s an innovator and
entrepreneur to the core, and this role suits him perfectly.
As
Executive Chairman, I will focus wherever I can add the greatest value:
externally, on the deals, partnerships, customers and broader business
relationships, government outreach and technology thought leadership
that are increasingly important given Google’s global reach; and
internally as an advisor to Larry and Sergey.
We are confident
that this focus will serve Google and our users well in the future.
Larry, Sergey and I have worked exceptionally closely together for over a
decade—and we anticipate working together for a long time to come. As
friends, co-workers and computer scientists we have a lot in common,
most important of all a profound belief in the potential for technology
to make the world a better place. We love Google—our people, our
products and most of all the opportunity we have to improve the lives of
millions of people around the world.
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WTF the price goes higher, I'm just not sure which one is Darth and which one is Palpatine
only up 2 bux after hours = dead meat tomorrow.
what screen are you looking at??? it's up 13
The way our current market works, it is probably both up 2 and up 13...depending on which fractured exchange desk you are stumbling through.
What has become very clear is that the institutional participants in the Pachinko Banana Tree Republic do not care that market credibility is approaching zero. This fact does not bode well for us in our future.
You would think that the SEC would be concerned. Curious...oh well, now on with the circus!
now up 15
Give the President's Working Group on Financial Markets a minute. They are recalibrating their portfolio. They have to decide how many dollars they should move from "short gold" to "goog".
only 4 billion market cap increase. 4 BILLION PLUS!!
THE BIGGEST COMPANIES IN THE WORLD ARE GOOGLE AND APPLE FOR GOD SAKE!!!!
GOOGLE SELLS AIR AND APPLE SELLS STUFF THAT MAKES ENABLES YOU TO LOOK TO THAT AIR IN THE PARK!!
This is so BS
Well, I've been bullish on Google since the summer and the high 400s. See http://boombustblog.com/reggie-middleton/2010/10/08/the-complete-63-pg-g... It is much more than a mere advertising company. If the market melts down and I can grab some more in the 400s, I'll do it again. You need to go for the unappreciated companies. The world owns Apple, very few respect or eve recognize Google's prospects.
Truly, it is a sad day for Google. No more will calls come through for Larry, to have people page him over the PA, saying:
"Call for the Schmidthead....is there a Schmidthead on the premises. Will the Schmidthead please pick up on 4155."
The nostaligia is already flowing there.
To all those who missed sgt_doom's short-lived and ill-fated Reality Series,
Pimp My Large Hadron Collider
The DVD series is now available; in regular format and Blu-Ray. Please send orders addressed to sgt_doom, in care of the Roadkill Tavern, Wayouter Mongolia, Yurt #741.
Orders paid with silver-backed specie will be given preference.
Ladies and gentlemen, the table is open for bets: will the Higgs Boson turn out to be a matter creating element, or will it be a micro-singularity which sends Geneva back to the Land of the Lost?
(The odds are favoring the latter, unfortunately.)
To those rusty on that matter/antimatter thing:
Matter: When a bank robber in Austria wears an Obama mask while he is removing money from the banks.
Antimatter: When Obama, like the Bushniks and Busheviks before him, gives money to the banksters.
bizarre - this has to be machines
"Would you like to play a game of chess ? I play very well."
-- HAL 9000
Schmidt has been appointed Domestic Spy Czar.
If you don't like Google taking pictures of your house, then move. Schmidt said that. Creepy.
Worse than that. Remember, Schmidt's new role is government outreach, oh and deals.
Yet, for some reason, you ignore the same principle and insist on wearing clothes in public. This indicates that you're either a hypocrite or have no valid principles -- perhaps both!
"Perhaps that explains why GOOG has been one of the biggest insider sellers in past months..."
With practically every other stock on the boards....
Looks like the top for GOOG is in
Their new search guides are slowing things down and push the surfers to much in a direction that they want.
They are opening the backdoor for the competition.
The money to be made is finding the new guy.
Also 626 for 1 share is out of my league and to risky, and if they where to split the stock it would tumble.
Google's default settings suck bad right now. Their asynchronous search feature needs to be deleted and forgotten.
They smoked earnings! Wow! These big tech companies are really knocking it out of the park. The CEO shakeup should be a positive for Apple. Seems they may feel they need someone better equipped to battle Apple.
Red.
Schmidt is the genius (evil) that made goog what it is - but that's the risk of working for a founder unless Larry is going to start wearing a black turtleneck
Also a regular Bilderberger attendee since 2008 and in that year he was part of the Obama election campaign and BHO's economic recovery team.
http://www.muckety.com/Eric-E-Schmidt/452.muckety
Plus you can really trust the numbers because all you gotta do is google it.
Big ol' hat tip to the GOOGSTER. It might be tough trying to ride GOOG's coatails to 1300 tomorrow, thinking more like that prints coming next week sometime. It would be cool if we could get 12k Dow and 1300 Snps on the same day.
Google will be under $600 real quick!
You're probably right, QUICK. The buyers will pounce if it does. GOOG's a future 1000.00+ stock. See BIDU.
Wanger- You are worse than the cheerleader character played by Will Ferrel on SNL. Either you are a troll who really can't write at all, or you are gayer than eight guys blowing nine guys. That's pretty gay by the way. Thats like a dick for everybody with a spare.
*Credit to Patton Oswald for the dick joke
Irrespective of whether it closes $50 higher or lower...
The stock has been a stellar performer.
$450 to $600 in 4 months is pretty good.
It'd be more impressive if it wasn't fueled by Banana Ben's freshly made toilet paper..
Don't worry with inflation and taxes they will get all your gains back.
Not losing any money is rule Numero uno and if you are winning back what the government is taking away from you, and commodities speculators are confiscsating from you, consider yourself having done very very well.
If you can capture genuine inflation, or as some pundits have it, the Supply/demand distortion that causes increases in prices of everything you need to survive AND the tax increases as well, you've at least done better than 99% of the great and vast unwashed.
It would be more impressive if you actually had money to invest and move out of Mexifornia
By this time tomorrow, it's chart will look just like Apple's...massive volume outside day, lower by the close.
The NASDAQ rally is over.
Additional:
Classic Blow Horn [CNBC] juvenile analysis by Joe Teranova on Google. Paraphrasing, "The price movement is justified, the report is everything you'd want it to be. I think what matters is if the analysts come out tomorrow and raise estimates."
WE JUST SAW THAT HAPPEN ON APPLE, WHICH CONTRIBUTED/CAUSED THE STOCK TO TOP OUT AND REVERSE. It's called top ticking. Again, another fool with clear evidence to the contrary, thinks that what he is thinking is affirming of the contrary anyway.
It must be the pressure to constantly say things that causes those boys to actually believe their own BS despite having to climb over mountains of contrary indicators.
Theyve been selling the CRAP out of Google and after hours had basically zero volume...propped it up 1% and thats where it stayed, Id be surprised if its still over $600 in a few days.
Yep everything is in full boner mode.
This aint good news. Shakeups never are.
waiting for this to settle down;
GOOG weekly showing possible large cup and handle - need 630 to hold tomorrow
Who's next? Is this a tech sector thing, or are CEOs going to be stepping down all over the place?
'Clicks'...lol right back to the Dotcom era, this time on mega steroids.
Apple and Google leadership in question at the same time, ummm.....
Yep both report blowout earnings immediately followed by Rats jumping ship press release. At least Jobs is sick.
Yup...http://www.youtube.com/watch?v=aOZPBUu7Fro
well, ISRG is popping
retook 50 day +31
http://static.businessinsider.com/image/4d38a478ccd1d5324d040000-598-248...
Fundamentals really returned with a vengeance today. The major markets closed barely in the red. What a bloodbath. If Bernanke read this site, he would get a chuckle.
Please consult Dr Copper before you get your panties in a knot that the dip is over.
Talk about "Doomers Remorse"....
The "Financial Endgame" types are watching gold sink to new lows after hours....
While these Nasdaq names like ISRG take off like bottle rockets.....
"But Jim, you promised!!!......"
and you old catfish mouth robo uber bull, being all wise and market savvy, knew the number in advance, bought the daily low at $623.29, and are laughing at the fools not as wise and sage as you.
Spock: But Jim , This is not Logical. The Charts, The math, Wheres the logic!!!
Jim: FU Spock. Im buying Google
Lol'
D@mmit Jim, I'm a Doctor, NOT a day-trader!
I believe you're mixing investing with trading.
People that BTFD in gold and take physical delivery are doing it for the long term.
If one is buying GLD for trading, I would totally agree with you - might as well buy GOOG.
Rob, people viciously junking you, but every post of yours I have read has been, well, on the money.
I never cared about the girlie pics, cuz, well, I'm a lady. But I wonder, is that why so many here are po'd at you? Cuz you don't do the girlie pics anymore?
Or because they are all short.
Hmmm.
I think it's because he's smug, annoying, and never seems to realize how irrelevant he really is.
Robo is exactly what is neded. Its called balance. You and i may not agree with him on certain items, But he adds a little balance along with humor.
No troll, youre wrong Robo is never right about anything because all he ever talks about is things that have already happened! And youre impressed?
++++. How anybody can be impressed by Robo's telling you what happened a half hour ago is beyond me. Is it the fact that he's one of around ten people at the whole place who can paste up a picture that makes him so special? Shit, even Leo works for his dinner.
When stocks get bad news most people say "Oh its ok, the market already priced that in" but why is it that when something good happens (solid earnings) people don't say "Oh thats good, but the market already priced that in"
So the USA is Apple ...a toy maker...and Google....an international spy company...today....wow
Straight out of "Atlas Shrugged."
...from his yacht.
lucky man!
http://www.businessinsider.com/larry-page-yacht-2011-1
Nop. The analysis of yacht interior
http://www.aquacruise.com/yachts/motor_yachts/50m+/Senses.php
shows up something strange - the interior is similar to .... university dormitory.
These guys feel lack of inspiration, and are trying to recover it by nostalgic interior.
Unfortunatelly for them, the inspiration is normally provided by/from The Person, Who is the biggest antisemite now.
Poor Google.
CNBC as usual is showing an incorrect chart. Showing the stock up a lot more than it really is. They are not using the prior close to show the increase in price. Why am I not suprised.
Tricks. Where Goog is after hours was where it was earlier this morning! They rammed it down before the close, and popped up 1% AH? Gee, real impressive. Big selloff comin in Google just like Apples decay.
Goog to AAPL, take that Stevie! LOL. Wow, just wow. Worth saying again, ain't seeing no pullback during earnings season. Not.Gonna.Happen. IMO, still sticking with 1257 hit on January 3rd as the bottom for the year. Could be the first time ever the market bottomed on the first trading day of the year.
One small step for man one giant leap for mankind ....http://www.app.com/article/20110119/NEWS...
first Jobs now Schmidt! What WILL the hedge funds do?!
The End is nigh!!
Cathy Cruz Marrero ponders lawsuit after video of her fountain fall goes viral.
http://news.yahoo.com/video/us-15749625/fountain-lady-nobody-went-to-my-aid-23909987
She should count herself lucky! I seem to recall another young woman being assaulted and stabbed in NYC during the 1960's with NO ONE taking the initiative to even phone the Police, because "they didn't want to get involved!"
That young woman was Kitty Genovese. And after studying the incident the shrinks described the phenomenon as the "Genovese Effect". Ie., the likelihood of any individual helping a person in distress is inversely proportional to number of individuals at the scene. Applied to the US political scene since FDR's court-packing incident, there is the parallel phenomenon of the "Constitution Effect", of which TARP, QE(vil) and whatever the hell outrage they come up with next are manifestations.
LMAO! Moron was texting, fell into a fountain and wants to sue because no one ran to the rescue? I wouldnt have been able to help I would have been laughing so hard Id be doubled over throwing up!
No one came to her aid? Really? What kind of aid was she expecting? Maybe if there was a Linens And Things nearby someone could have gave her a towel. Other than that what could someone do?
Look @ the DXY and 10 yields.
A$200B advertising company. Wonderful eCONoME you have there.
And if you take into account how many companies that offer SEO services, that number doubles.
I've done it for our company website and it's so easy but so time consuming I stopped doing it.
To many companies do it to their site and that poses the question:
If everybody does SEO, how can you stick out anymore? What's the difference between doing it and not doing it?
Everybody has 1000 competitors and everybody has a website that is still mostly a calling card for job searchers and existing clients. SO MANY use it while it's not necessary.
Once they start realizing it's over.
Websites cost a heck of a lot of money. And in 99%, it's NOT a profitable thing. Whatever marketeers and advertising agency's tell you.
Also there are a lot of voices that say internet shouldn't be free. Now you have you cable costs but they want a payable internet where you pay for the sites you visit.
In Europe, they are actually looking into the INTERNET TAX.
A tax for your website
A tax for your visits
...
And then there's the trend to mobile. Different behaviors, Apps are important, and of course there is FB which is powered by Bing.
HP - so the board members who voted to sue ORCL and Hurd are now gone;
maybe the new board members can look into the $1,000/oz ink scam
HA! buy the dips!
I bought the dip at 585, now what?!
Cut a bunch of dollar bills into triangles. Deep fry in peanut oil. Serve as chips.
Hey Tyler Durden,
Speaking of Fucking Google, I just tried to google famous "fight club quotes." The first five links I hit redirected to other sites, many of them registering on my computer as malicious malware sites.
Try it. I dare you. Me. I take this shit personally. Why fight club quotes? WTF?
DNS hacks circling ZH over the TSTC and GFC takedowns.
http://www.imdb.com/title/tt0137523/quotes
De nada.
I need to run a chart. What is the 20 and 50 sma? RSI and stochastic? A little volatility and over bought -sold ma? I' off the top of my head would sell bounces. spx up roughly 27% from October? We need a breather. I am a currency trader though. I'm going to hedge usd/jpy in Asia tonight. Hope it helps.
if plus 9 fades to red it will be messy at CNBC studios
Happy was long this!
http://mkt-neutral.blogspot.com/2011/01/rolling-goog-call-spread.html
BREAKING NEWS from The Rutabaga Wire
Google reports all searched for information has been located and their Internet search operations will be discontinued. This eliminates their pay for placement and results page ad serving revenue streams. Google plans to use personal information gleaned over the past decade to populate Facebook with zombie members whose profiles, preferences and connections can be manipulated to generate consumer trends and brand buzz as the new paid for virtual mob advertising paradigm. Mr. Zuckerberg could not be reached for comment.
awesome!
dead. the. fuck. on. !!! which intelligence agency do you spy for? zukerberg? buehler? buehler?
38 years old w/ gray hair? What the fuck?
On the fundamentals, GOOG is NOT like other companies.
They are the Zero Hedge of the tech world. Consider what they've done...
They took on all comers at search and beat a strong field.
GOOG has completely changed the media world. Along with Craigslist, GOOG is the reason the media world is completely different today. GOOG is also attacking TV and Hollywood.
Along with AAPL, GOOG took on Mister Softee.
Just a month ago, GOOG added free phone calls from within their email account. Think about that for a moment. FREE.
Now they're attacking the high cost of cell phones.
From the moment GOOG went public they've been technology anarchists. Remember their IPO? They thumbed their noses at The Street and the SEC.
I think what's at play here is GOOG does not want to lose any more talent to Facebook. Recent reports from the valley are saying that a number of the creative types coveted in tech world were leaving GOOG. Maybe the play here is that with Larry Page at the helm some of these key techies will stay at GOOG.
Give these guys a break and they'll find a way to "creatively destroy" some other old oligopoly. Maybe they'll find a way to beat the banksters...
daily bolus of geek...
amphetamine and ritalin both bind to the dat (dopamine transporter) so their simultaneous administration would result in a subadditive amount of striatal dopamine efflux.
just use one or the other, but amphetamine is somewhat neurotoxic at amounts exceeding roughly .5mg/kg (i believe), and this effect may be blunted by post-amphetamine ritalin, which would increase vmat (vesicular monoamine transporter) activity.
but dont fuck with these drugs unless the dose is low and the administration is no longer than sub-chronic.
(ar)modafinil is superior to all stimulant compounds, anyways (except maybe caffeine, but that is a food group).
I knew there was some science behind the hopium.
Thanks for the armodafinil tip, medicalstudent. And for those who know their way around a lab, recipe is here: http://www.freepatentsonline.com/4927855.pdf at page 3.
SO Sergey is looking for strategic stuff to do!
Finding Roots in a Shifting Landscape: Facebook and the Future of Social Networks
http://culturalengineer.blogspot.com/2011/01/finding-roots-in-shifting-landscape.htmlI've always gotten along well with Russians... they tend to be a bit cynical and pessimistic... not a pollyanna in the bunch... I like that! I can't stand perky people.
But you know what they say...
A cynic is just a romantic who's heart has been broken!Mmmmm, amphetamines.