Google's Big Problem They Don't Want You To Know About
The core business which accounts for 96% of Google's business is slowing. But the management team doesn't want you to know that.
Read the full post in Forbes
Showing posts with label Patrick Pichette. Show all posts
Showing posts with label Patrick Pichette. Show all posts
Monday, January 23, 2012
Monday, November 07, 2011
Eric Schmidt Doesn't Believe For A Second That Siri Is A Threat To Google
Despite making a big deal about it on Friday in his answers to the US Senate, you shouldn't think Eric Schmidt or any Google exec is fretting yet about Siri as a threat - even though they should.
Read the full post in Forbes
Friday, July 15, 2011
An "A" For Yesterday's Google Earnings Call
Props to Larry Page for taking past criticisms to heart. One big unanswered question.
Read the full Forbes Post.
Tuesday, July 05, 2011
Is Larry Page the Answer to Google’s Problems?
After 3 months on the job, Larry Page has yet to make a speech to investors. That's not a good sign for Google's stock price.
Read the full post here on Forbes.
Friday, April 15, 2011
What Was Larry Page Thinking on Yesterday’s Earnings Call?
Larry Page's first earnings call last night was a disaster. If you want to be CEO, you have to lead.
Read my full post on Forbes.
Friday, April 08, 2011
How Things Will Shake Out for the Rest of Google’s Management Team
There's been lots of speculation about who's in and who's out at Google under Larry Page. I weigh in with my views.
Read my full post at Forbes.
Tuesday, April 05, 2011
Why Nikesh Arora Will Be Next to Go at Google
Now that Jonathan Rosenberg has departed Google, watch for Larry Page to change out another senior executive. Nikesh Arora is probably going to be next.
Read my full post at Forbes.
Wednesday, April 22, 2009
Google's Shareholders Should Thank Patrick Pichette (and Shona Brown)
Google's (GOOG) investors quickly cheered yesterday's earnings out of the gate in the after-hours, bidding the shares up to $410 -- they've since fallen back to $385. We'll see what they do today in the broader session.
The reason for the fall back in share price? After initial investor euphoria over a top and bottom line beat and increase over a year ago, some cautious macro comments from Eric Schmidt and perhaps the announcement of the moving on of one-time sales rock star, Omid Kordestani, gave investors pause. Still, the results are impressive.
What GOOG shareholders should be thankful for is the hatchet the company took to expenses and cost rationalization. Trimming jobs and other expenses -- previously not a GOOG strength -- helped profit climb almost 9% from a year ago to $1.42B. $110MM here, $110MM there: it starts to add up over time.
Shareholders should directly thank Patrick Pichette, the new CFO who came over last summer after cooly and calmly driving costs out of Bell Canada in his previous stint. Pichette was clearly brought in with a mandate -- and he's delivering.
And if you want to thank the person for bringing in Pichette, thank Shona Brown, GOOG's SVP of Business Ops. Brown -- a Canadian like Pichette -- also was a McKinsey consultant in her former life, just like him.
Originally published in RealMoney.com on 4/17/2009 8:04 AM EDT
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