The U.S. will top 300 million people this month. (Census Bureau)
Why does it feel like all these new folks are now driving on Hwy 101?
Archive for October, 2006
GOOG reported earnings yesterday and here is a representative headline:
YHOO reported earnings on Wednesday to these kinds of headlines:
Guess this answers the earlier question posed whether YHOO problems are industry wide or not.
OK, so I was 286 days late with my prediction that the Dow would top 11,958.36… but, for whatever it’s worth, the Dow closed at 11,960.51 on Friday.
Not being in the prediction business — but seeing how other psychics work — I believe I was spot on with this prediction. <smile>
Ray Noorda came this close to beating Microsoft at networking.
Alas, wasn’t to be.
While Novell may have fallen on harder times these days, very few remember it was one of the big go-go-go companies in the 80’s, growing from 17 to over 12,000 employees.
What I remember most about him (other than the go-go-go) was an illegal but highly-effective employment practice: Every year, he would — mandatorily — cut 10% of his employees, even while he was usually off hiring many more new employees.
He called it, "clearing out the deadwood every company has."
I think about this from time-to-time… not sure every CEO wouldn’t find some truth in this statement.
Google just announced they bought YouTube for $1.65 billion. (Great piece by the always interesting business/tech writer, Bambi Francisco.)
But, here’s the interesting tidbit very few folks are picking up on: It’s an all stock deal. (Found by the love-him-or-hate-him-but-he’s-got-a-good-nose-for-this-stuff Henry Blodget.)
Since the quarter is closed, this probably bodes well for GOOG’s Q3.
Why?
Because I can’t think of a worse way to get an important relationship off the ground than to give something that you know will devalue in a few weeks.
That, and, well, YouTube probably has some visibility into the 3Q numbers. If they weren’t bullish, they probably would have taken some $’s off the table.
But they didn’t.
As always, it should be an interesting few weeks!
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