alphabet

Jan 28, 2007
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As a big investor (lol, bought a few shares in 2009) in Google, I am glad they did it.

Google makes money. The other crap these guys do doesn't.
 

DSmith21

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Mar 27, 2012
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Is a name change and a little more accounting disclosure worth a higher stock price? Its not like they are actually breaking up the company. The move does help Wall Street analysts to better understand/value each division and hopefully get an upward price target revision from them.
 

joeyrupption

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Jun 5, 2007
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It's a high tech Berkshire Hathaway.

Google makes money NOW, but they need to win some "alpha" "bets" (get it?) with other businesses before the ad money spigot runs dry and they become another Silicon Graphics, Sun, or... Microsoft.

They're not spinning off everything in order to cut the fat. They have enough cash to make big long bets and avoid being tied up with as many regulations this way.
 

d2atTech

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Apr 15, 2009
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It's a high tech Berkshire Hathaway.

Google makes money NOW, but they need to win some "alpha" "bets" (get it?) with other businesses before the ad money spigot runs dry and they become another Silicon Graphics, Sun, or... Microsoft.

They're not spinning off everything in order to cut the fat. They have enough cash to make big long bets and avoid being tied up with as many regulations this way.

I hope so, I'm not too thrilled with the change. You are correct though, the ad spigot may run out, but it is highly unlikely to do so for the next 15+ years...
 

UK_Memphis

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Apr 18, 2002
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I hope so, I'm not too thrilled with the change. You are correct though, the ad spigot may run out, but it is highly unlikely to do so for the next 15+ years...
I'm hoping Apple makes a play at Search ad revenue. They could buy Yahoo for a drop in the bucket and probably double the revenue they are getting currently.
 

UK_Memphis

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Apr 18, 2002
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I'm just looking at ways for them to add revenue. They are getting punished because analysts think they are a one trick pony. If they can add about 10 billion per year to the bottom line then that talk would go away.
 

Free_Salato_Blue

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Aug 31, 2014
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Are they shielding the main company by spinning projects like the self-driving cars into separate companies in case it ends up killing people?
 

Free_Salato_Blue

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Aug 31, 2014
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Yeah I see now, especially with Google Fiber expanding it could push out many service providers and become a huge company within itself.
Most of them are tech related then there's Calico.

 

d2atTech

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Apr 15, 2009
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Don't think so. Just separate division.

Nope, each will be a separate company with separate governance. YouTube will be a division of Google, which will be a wholey owned subsidiary of alphabet. Google[x] (where I am, for example) will be a company separate from Google, and will also be another wholey owned subsidiary of alphabet.
 

UK_Memphis

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Apr 18, 2002
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You work for Google X?

A guy I used to work with in NYC is a fairly high up in one of those Google brands....I think. Robert Wang. Ever hear that name? @d2atTech
 

UK_Memphis

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Apr 18, 2002
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Nope, but I'll look it up on directory today. Is he still in NYC?
Not sure. It's been almost 15 years ago. Could be Wong also. Wong, Wang. One of those.

It is Wong. Just googled him. He is the director of Google creative labs, whatever that is.
 
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d2atTech

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Not sure. It's been almost 15 years ago. Could be Wong also. Wong, Wang. One of those.

It is Wong. Just googled him. He is the director of Google creative labs, whatever that is.
Yup, looked him up! He's a VP of the creative labs in NY. Damn dude, your friend is high up on the org! Seems like a great part of the mothership to be part of!
 

UK_Memphis

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Apr 18, 2002
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Yup, looked him up! He's a VP of the creative labs in NY. Damn dude, your friend is high up on the org! Seems like a great part of the mothership to be part of!
More of an acquaintance. I helped the lady that was under him for about six months. Great dude but more than likely wouldn't remember my name.
 

d2atTech

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Apr 15, 2009
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No. I wish!!!

USWeb/CKS that eventually merged with a group out of Chicago that became marchFIRST.
i just read up about then on wikipedia. sorry you were hit by the dot-com bust. it really hurt a lot of folks, i can't imagine that difficulty. :/
 

UK_Memphis

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Apr 18, 2002
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I survived the first two cuts but not the third. It led to a better job but I had to pay for my lunch daily and I couldn't go down and play pool whenever I wanted.

It was a fun time but I was just a lowly group coordinator. Can't even remember what I did but it wasn't much. Wish I would have taken that time to learn some computer skills.

Looks like the building we were in is no longer there. It was on 17th between Park and Irving just past the W.
 
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d2atTech

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Apr 15, 2009
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I survived the first two cuts but not the third. It led to a better job but I had to pay for my lunch daily and I couldn't go down and play pool whenever I wanted.

It was a fun time but I was just a lowly group coordinator. Can't even remember what I did but it wasn't much. Wish I would have taken that time to learn some computer skills.

Looks like the building we were in is no longer there. It was on 17th between Park and Irving just past the W.
You still in the Chicago area?