Perhaps frustrated with the growing fascination with all things Google, Yahoo CEO Terry Semel came out swinging yesterday at the Web 2.0 conference
when he proclaimed "So far they don’t seem to have a plan, but maybe
they do." Semel is extremely media savvy so this wasn't a flippant
statement that came out of nowhere. Clearly, he had a message to
deliver, and a Q&A session was the ideal forum. Truth be told,
Semel has a point because Google doesn't have a growth engine beyond
search. Perhaps it's off-base to describe Google as a one-trick pony
but none of its other initiatives (Okrut, Froogle, Gmail, Blogger,
Picasa, etc.) have been huge successes other than perhaps driving a
little more AdSense revenue. This is why I firmly believe Google is
going to do something more dramatic with its $7-billion war-chest than
build free Wi-Fi spots. One of the perils of having a $300+ stock price
is that when growth starts to slows, analysts start to howl for
something more.
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Semel Takes a Shot at Google
by
Mark Evans
on Fri 07 Oct 2005 02:12 PM EDT | Permanent Link
Perhaps frustrated with the growing fascination with all things Google, Yahoo CEO Terry Semel came out swinging yesterday at the Web 2.0 conference
when he proclaimed "So far they don’t seem to have a plan, but maybe
they do." Semel is extremely media savvy so this wasn't a flippant
statement that came out of nowhere. Clearly, he had a message to
deliver, and a Q&A session was the ideal forum. Truth be told,
Semel has a point because Google doesn't have a growth engine beyond
search. Perhaps it's off-base to describe Google as a one-trick pony
but none of its other initiatives (Okrut, Froogle, Gmail, Blogger,
Picasa, etc.) have been huge successes other than perhaps driving a
little more AdSense revenue. This is why I firmly believe Google is
going to do something more dramatic with its $7-billion war-chest than
build free Wi-Fi spots. One of the perils of having a $300+ stock price
is that when growth starts to slows, analysts start to howl for
something more.
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