Mountain View, California – (The Hosting News) – October 10, 2007 – Search engine, Google, will announce the company’s third quarter 2007 financial results,
in a conference call scheduled to be held on Thursday, October 18, 2007 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
The live webcast of Google’s earnings conference call can be accessed at http://investor.google.com/webcast. The webcast version of the conference call will be available through the same link following the conference call.
Recently, Google’s stock price exceeded $600 for the first time, with shares closing at 2.6 per cent – $609.62, multiplied by seven, since debuting over three years ago. According to an analyst research report from Bear Stearns Wall Street investment bank and brokerage, the stock is estimated to reach $625 by the end of the year, and could reach up to $700 by the end of 2008.
So far, profits of $925 million in the second quarter and earnings per share of $2.93 have been reported for Google, with analysts expecting furture profits to surpass that figure.
Recently, Google Inc. acquired the Finnish company Jaiku, one of a new class of start-ups that offer instant-messaging tools for Web and cell phone users to keep track of their friends’ daily activities. Writing on Goggle’s official blog, Tony Hsieh, a Google product manager, said his company had acquired Helsinki-based Jaiku Ltd. Google confirmed in a separate statement that the deal had closed but did not reveal financial terms.
The small acquisition coincides with mounting speculation that Google is pushing to expand into mobile Internet services by going beyond its existing smattering of one-off services to create mobile operating system software that could run phones.
Lehman Brothers analyst Douglas Anmuth recently surmised that Google could potentially launch its own cell phone device as early as February 2008. He described the phone as a simple, low-cost handset featuring a variety of Google Web applications and supported by online advertising.
Google also acquired approximately a dozen other small start-ups this year, having acquired mobile social networking company, Dodgeball, two years ago.
With the largest index of websites available on the World Wide Web and the industry’s most advanced search technology, Google Inc. delivers the fastest and easiest way to find relevant information on the Internet. Google’s technological innovations have earned the company numerous industry awards and citations, including two Webby Awards; two WIRED magazine Readers Raves Awards; Best Internet Innovation and Technical Excellence Award from PC Magazine; Best Search Engine on the Internet from Yahoo! Internet Life; Top Ten Best Cybertech from TIME magazine; and Editor’s Pick from CNET. A growing number of companies worldwide, including Yahoo! and its international properties, Sony Corporation and its global affiliates, AOL/Netscape, and Cisco Systems, rely on Google to power search on their websites. A privately held company based in Mountain View, Calif., Google’s investors include Kleiner Perkins Caufield Byers and Sequoia Capital.
For more information Google, please visit: www.google.com.