Oracle Chief Says Apple’s Headed Down Without Steve Jobs: Video

By | Tuesday August 13, 2013 @ 8:00am PDT

CBS This Morning‘s Charlie Rose has a fascinating interview this morning with Oracle CEO Larry Ellison. The billionaire describes the late Apple CEO Steve Jobs — his former best friend — as “our Edison…our Picasso” Read More »

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Google CEO Apologizes For Earnings SNAFU As Company Talks Up Android

By | Thursday October 18, 2012 @ 2:34pm PDT

“I’m sorry for the scramble earlier today,” Google CEO Larry Page told analysts on a conference call. And that was that regarding the uproar today after the company’s earnings were prematurely released — resulting in … Read More »

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Google Shares Fall After Rare 4Q Earnings Miss

By | Thursday January 19, 2012 @ 2:14pm PST

The search giant is down more than 9% after reporting 4Q earnings of $8.22 a share, below the Street’s $8.41 consensus forecast. Net profit came in at $2.7B, up 6.4% vs the same period last year, on revenues of … Read More »

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Google Wrapping Up Deals To Launch 25+ Pro-Produced YouTube Channels For January

EXCLUSIVE: I’ve learned that Google has put Hollywood on notice to keep mum as it prepares to announce its big plan to redefine YouTube  with 25 or so channels that will offer professionally produced news, information and entertainment. Google plans to … Read More »

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Google Up 11.5% In After-Hours Trading On Strong 2Q Earnings

By | Thursday July 14, 2011 @ 1:30pm PDT

The leading Internet search company says its 2Q net income of $2.5 billion is up 36.1% vs the same period last year on revenues of $9 billion, up 32%. Earnings, at $8.74 a share not counting employee stock costs, handily beat analyst expectations of $7.84. Most of the growth came … Read More »

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Outgoing Google CEO Eric Schmidt Keeps Door Open For TV Job

By | Wednesday January 26, 2011 @ 7:35am PST

3rd UPDATE: Ever since it was announced last week that Google CEO Eric Schmidt would be stepping aside in April and that co-founder Larry Page would take over the day-to-day operation of the search giant, everyone’s been wondering if Schmidt would make the move to TV. Today in Germany, at the Digital-Life-Design conference, he addressed those rumors simply by keeping the door open. When asked how long he plans to stay at Google, he responded, “As long as it’s exciting.”

2nd UPDATE: Just days after announcing that he’ll be stepping aside as Google’s CEO, Eric Schmidt is getting a pretty big bonus. Enormous, actually. He’s set to pocket $100 million as he steps into another role, with co-founder Larry Page taking over the day-to-day leadership. The whopping amount is a comprised of stock options and vests over four years. The $100 million award also comes as a Securities and Exchange Commission filing last week reveled Schmidt could be selling up to $335 million in stock — and also revealed how much stock he has actually amassed over his 10 years in the top job: 9.2 million shares.

UPDATE: Big Media moguls only can wish they’d reap a stock bonanza like this. In a regulatory filing with the Securities and Exchange Commission, it was revealed that Google Chief Executive Eric Schmidt, stepping aside in April after 10 years as CEO, will be selling what could amount to be $335 million in stock. As of the end-of-year 2010, Schmidt owned 9.2 million shares in Google. The company’s stock closed at $626.77 a share on Thursday. So what he’s planning to unload represents only about 6% of his total stock ownership. In Q4 earnings reported on Thursday, revenues rose 26% growth vs last year. Co-founder Larry Page will be taking over the CEO role. Read More »

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SILICON VALLEY SCANDAL? Paul Allen Sues Google, Apple, AOL, Facebook, Yahoo, Ebay, Others For Patent Infringement

By | Friday August 27, 2010 @ 12:20pm PDT

The lawsuit was filed today in Seattle’s U.S. District Court. The Microsoft co-founder has always been mercurial, to say the least, but this is like a bolt out of the blue. The implications are staggering — especially considering that the lawsuit, … Read More »

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Google Founders Will Get Film Treatment

Mike Fleming

EXCLUSIVE: The founders of Facebook aren’t the only game-changing geeks poised to have their story told on a movie screen. Michael London’s Groundswell Productions has teamed with producer John Morris to acquire movie rights to the Ken Auletta book Googled: Read More »

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