I suppose that I have been as big a skeptic of Google as there is on the planet, but the third quarter results are eye-popping: profits up over 700%!?! [As compared to the third quarter of last year.] That is sick! (in a good way)
On the other hand, can anyone make sense of this?
Google executives said the Mountain View, Calif., company continued to benefit as advertisers shift spending online from traditional media. Chief Executive Eric Schmidt said Google was considering extending its advertising brokering business to other outlets, including ads that consumers would view on their television sets.
...
Google recently began taking out space in technology print magazines to display ads from some of its online advertisers.
Let's review: advertisers are shifting money away from traditional media, so Google is trying to figure out how to get into traditional media. Got it?
Actually, at this point, my response should probably be: "Whatever you say, Google."
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1. Posted by Bill Sjostrom on October 21, 2005 @ 6:53 | Permalink
Profits are up 700% from when?
2. Posted by Gordon Smith on October 21, 2005 @ 7:22 | Permalink
Sorry, that isn't clear from the post. That is compared to the 3rd quarter of last year.
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