Google Wants $100 billion -- In Revenue

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	Google Wants $100 billion -- In Revenue

Andy Greenberg

1-7-2008 12:29 PM

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tags:

google, eric schmidt, henry blodget

Andy Greenberg says:

This is an unbelievably ambitious goal, and would make Google the biggest company in the world. But whether or not it's possible, it's certainly the kind of talk that drives the company's share price higher...hence Blodget's $2000/share talk.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f9ee20cf-495b-4ead-a376-712d8a82f4b6/F5705E5A-495E-4CA3-814F-D10FB7D01141/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.alleyinsider.com/2008/01/googles-schmidt-aiming-for-100-billion-of-revenue.html" href="http://www.alleyinsider.com/2008/01/googles-schmidt-aiming-for-100-billion-of-revenue.html" style="font-size: 11px;">www.alleyinsider.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alleyinsider.com/2008/01/googles-schmidt-aiming-for-100-billion-of-revenue.html"><H1 class="asset-name">Google Aiming for $100 Billion of Revenue</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alleyinsider.com/2008/01/googles-schmidt-aiming-for-100-billion-of-revenue.html"><DIV>
<A href="http://images.search.yahoo.com/search/images/view?back=http:%2F%2Fimages.search.yahoo.com%2Fsearch%2Fimages?p=eric%2Bschmidt%26btn=Search%26tab=Images%26ei=UTF-8%26fr=my-vert-img-top&w=334&h=500&imgurl=static.flickr.com%2F208%2F464481302_739f50dd52_m.jpg&rurl=http:%2F%2Fwww.flickr.com%2Fphotos%2Fx180%2F464481302%2F&size=122.2kB&name=464481302_739f50dd52.jpg&p=eric+schmidt&type=jpeg&no=4&tt=10,382&oid=39dc32260e5b9814&fusr=duncandavidson&tit=Eric+Schmidt&hurl=http:%2F%2Fwww.flickr.com%2Fphotos%2Fx180%2F&ei=UTF-8&src=p"><IMG width="96" height="145" src="http://re3.mm-a10.yimg.com/image/369767773" title="http://www.flickr.com/photos/x180/464481302/" alt="Go to fullsize image" /></A>At Google's analyst day two years ago, CEO Eric Schmidt made a clever remark about Google laying the foundation to become "a hundred-billion dollar company." He wouldn't clarify whether he was referring to a "$100 billion market cap," which Google had already attained, or "$100 billion of revenue."</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alleyinsider.com/2008/01/googles-schmidt-aiming-for-100-billion-of-revenue.html">In Ken Auletta's recent<A href="http://www.newyorker.com/reporting/2008/01/14/080114fa_fact_auletta?currentPage=6"> New Yorker article</A>, Schmidt was good enough to clarify the company's ambitions: He means <B>$100 billion in revenue</B>. And what engine will drive Google there? Mobile phones:</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alleyinsider.com/2008/01/googles-schmidt-aiming-for-100-billion-of-revenue.html">There are almost three billion mobile phones worldwide, and Schmidt
expects a billion more in the next four years. If the phones use Google
software to sell advertising, Schmidt thinks that over time it is
“mathematically possible for Google to become a
one-hundred-billion-dollar corporation.”</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alleyinsider.com/2008/01/googles-schmidt-aiming-for-100-billion-of-revenue.html">Still think it's a crazy idea that Google's stock could <A href="http://www.alleyinsider.com/2007/10/google-to-2000-.html">eventually hit $2,000 a share</A>?</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F5705E5A-495E-4CA3-814F-D10FB7D01141/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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