Google Chief Schmidt Joins Apple As Director
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Apple Computer Inc. said yesterday that Google Inc. chief executive Eric E. Schmidt will join the company's board of directors, creating a bond between two technology powerhouses that compete fiercely with Microsoft Corp.
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DAVOS, Switzerland  - The arrival of a truly mobile Web, offering a new generation of location-based advertising, is set to unleash a "huge revolution", Google Inc Chief Executive Eric Schmidt said on Friday.
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Carl Yankowski, who headed the handheld maker during the peak of the PDA boom, is tapped to head Ambient Devices, an Cambridge, Mass.-based consumer products company.
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Google's CEO Eric Schmidt took a swipe at Viacom Friday, saying the company was "built from lawsuits" and pointed to its litigious history.
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MOUNTAIN VIEW, California  - Google Inc   has hit its stride with a strategy that focuses on Web search,  advertising and applications, Chief Executive Eric Schmidt said  on Wednesday, as he downplayed possible threats.
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(InfoWorld) - It's hard to imagine the online ad market cooling off, but when it eventually does, companies that make their living from it would do well to have a back-up plan. Asked at a press conference Tuesday if Google is thinking about an alternative business plan for 5 to 10 years out, Chairman and CEO Eric Schmidt didn't miss a beat: "We are, and that's why we have Google Enterprise," he said. Best known for consumer services, Google has several products for businesses, including search appliances, a paid version of Google Apps, and a service that provides Web site hosting and online storage. "That business is likely to become, over the period you are describing, a very significant business because it utilizes our infrastructure and it utilizes our scale," Schmidt said, answering questions at Google's first "international press day" in Paris. It will have to iron out some teething problems first, however. Google has faced complaints from customers that it was unable to meet service-level agreements for Google Apps. For now, search remains at the core. "Search was, and is, and perhaps will be for many years, the killer app," Schmidt said. "We have more engineers on it than anything else." Personalized search, which uses people's search history, location, and other factors to deliver better results, is "perhaps the next big phenomenon," according to Schmidt. "The best search is personal search," he said. "This is going to become a more and more fundamental theme of Google as we go forward.... If I say 'Paris is very hot,' am I talking about Paris the city or Paris the young lady in jail in California? It's very difficult for us to know unless we know things about you, like where you are." Collecting such information raises privacy concerns, however, and Schmidt fielded several questions about Google's growing hoard of user data. "There's a general concern about privacy in the online world, and it's largely legitimate," Schmidt said. "If people start to not trust Google because of personal privacy, then we've got a problem. So everything we do is guided by that." He also faced questions about censorship. At one point he boasted that the Venezuelan TV station RCTV, which was banned recently by the government, had "survived by being on YouTube." He was asked later if RCTV would stay on YouTube if President Hugo Chavez asked Google to remove it. "Every case is different," he replied. "We must operate under the national law." The company also announced that it will be "carbon neutral" by 2008, which involves reducing its energy consumption as much as possible, then "canceling out" its carbon-dioxide emissions by funding projects that help the environment. Google has reduced the energy consumption at its giant data centers by more than 50 percent compared with "standard" data centers, using evaporative cooling for its servers and other means, said Urs Hoelzle, a senior vice president of operations. At the same time, he admitted, Google is growing so fast that its energy consumption each year is actually increasing. "We're still in a period of rapid growth, so we're probably growing, for the foreseeable future, in a double-digit percentage per year," he said.
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DAVOS, Switzerland  - The arrival of a truly  mobile Web, offering a new generation of location-based  advertising, is set to unleash a "huge revolution," Google Inc   Chief Executive Eric Schmidt said on Friday.
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The U.S. space program should look to collaboration and open systems to drive the next wave of human exploration and innovation, Google Chairman and C.E.O. Eric Schmidt said.
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(InfoWorld) - Apple CEO Steve Jobs has been subpoenaed by the U.S. Securities and Exchange Commission (SEC) to give a deposition in the stock option backdating lawsuit against former Apple General Counsel, Nancy Heinen. Citing two sources familiar with the case,Â Bloomberg reportsÂ that the subpoena is not part of an SEC investigation. Jobs' testimony is required as part of aÂ lawsuit brought against Heinen by the SECÂ in April 2007. Heinen is the only former Apple executive charged in the backdating scandal.Â Apple's internal investigation cleared all current executivesÂ of any wrongdoing and the SEC reached a deal with former CFO Fred Anderson in the case. Apple representatives were not immediately available to comment. The SEC says that Heinen granted 4.8 million options to six Apple executives, including herself, Anderson and CEO Steve Jobs, in February 2001. To avoid reporting an US$18.9 million compensation charge, Heinen backdated the options to January 17 when the company share price was much lower, the SEC said. She then told her staff to prepare false documents showing the board of directors had acted on that day. Later, in December 2001, the company granted 7.5 million options to Jobs. Again, Heinen avoided a $20.3 million charge by drafting minutes for a fake board meeting she said happened on Oct. 19, the SEC said. That meeting had never occurred. Heinen has maintained her innocence in the case and a statement by her lawyers said, "Nancy Heinen's integrity is unimpeachable."Apple's backdating problems started in June 2006, when the company announced thatÂ an internal probeÂ had found some irregularities in some option grants issued between 1997 and 2001. Four months later, Apple said a special committee hadÂ found irregularities in 15 of the grantsÂ made between 1999 and 2002. The internal investigation also found that Jobs was aware that favorable grant dates had been selected but didn't receive or benefit from those grants and was "unaware" of the accounting implications. In late December,Â Apple disclosed more backdating-related news,Â again clearing current executives and taking an $84 million charge on its restated earnings. Macworld is an InfoWorld affiliate.
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John Lilly, the chief operating officer of Mozilla, the developer of the open-source browser Firefox, will succeed Mitchell Baker as the firmâs chief executive.
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Google Inc.  is spinning off growing mounds of cash from operations, but Chief Executive Eric Schmidt appeared to rule out seeking big mergers or making other dramatic changes in how the company uses cash.
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Susan L. Decker, the new head of YahooÂs advertiser and publisher group, has been charged with reducing GoogleÂs lead in Internet advertising.
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Tim O'Reilly, open source advocate and founder of O'Reilly Media, has disputed a report by Reuters stating that Google plans to bring its Desktop Search utility to Apple's Mac OS X. O'Reilly -- who asked Google CEO Eric Schmidt whether not to expect a Mac version during a conference at UCLA -- said in a posting to Ars Technica that Schmidt only explained it was a hard problem due to operating system differences. "He made no announcement of actual plans to deliver the product, or even that Google was actively working on it," said O'Reilly.
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Apple announced Wednesday the results of a three-month investigation into the company&#8217;s stock option practices, and former Apple Chief Financial Officer (CFO) Fred Anderson announced that he &#8220;believes it is in Apple&#8217;s best interests&#8221; for him to resign from the company&#8217;s board of directors.
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Google Inc.'s chief financial officer will retire by the end of the year, creating the most prominent job opening at the Internet search leader since it went public three years ago.
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Gets paid for Jobs worship Google today revitalized its attempt to make the company in Apple's image by sending CEO Eric Schmidt over to Apple as a board member.â¦
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Google Inc. said Tuesday that its chief financial officer will retire by the end of the year, creating the highest-ranking job opening at the Internet search leader since it went public three years ago.