Google announced through its blog that it's Nexus One phone has stopped production and Google will stop selling the Nexus One, saying that the next shipment of the phones will be the last. "This week we received our last shipment of Nexus One phones. Once we sell these devices, the Nexus One will no longer be available online from Google. Customer support will still be available for current … [Read more...]
Google Releases Earnings Miss Profit Estimates; Revenue Up 25%; Cost Per Click Up 4%; Stock Down 4.5%
Google released its earnings for the 2nd Quarter ending June 30, 2010 (2Q) last night after the market closed and uncharacteristically missed Wall Street's profit estimates, blaming a spike in expenses which offset a 24% revenue jump. Here are the highlights of the earnings report: Google reported revenues of $6.82 billion for 2Q 2010, an increase of 24% compared to the 2Q … [Read more...]
French Regulators Cite Google For “Lack Of Transparency” Over Keyword Advertising & Give Then 4 Months
France's antitrust regulator accused Google on Wednesday of a "lack of transparency" over its keyword advertising service and ordered it to clarify conditions for the product within four months. The Autorite de la Concurrence was responding to a complaint filed by a French data services company Navx in February, which alleged the world's top search engine had abused its dominant position by … [Read more...]
Google Testing CPA Ads: Is This The Start Of The Switch From PPC
According to Investors.com, Google testing a CPA ads system. CPA stands for Cost Per Action, a service in which advertisers pay for ads they run on Google's network only when a consumer takes "action." Action means that the consumer makes a purchase or fills out a form or some sort of registration on an advertiser's Web site. According to the story, Google uses "software and various … [Read more...]
Rosetta Stone Suit Against Google For Selling Trademark Keywords is Thrown Out
A federal judge dismissed a trademark infringement lawsuit filed by Rosetta Stone Inc against Google back in July 2009, for selling keywords containing its trademark. Rosetta complained that consumers who search for "Rosetta Stone" on Google could click on a "sponsored ad" and visit the site of "a software pirate that purports to be Rosetta, but in reality sells a sub-standard … [Read more...]
Verisign: A New Record, 8.1 Million New Domain Registrations in Q1: Revenue Up 4%, But How Much Did They Leave On The .TV Table
VeriSign Inc. reported earnings after the markets closed. VeriSign's 1Q profit fell 21% from last year. GAAP net income for the first quarter was $51.4 million or $0.28 per share, compared to $65.0 million or $0.34 per share for the year-ago quarter. Revenue for the first quarter however rose 4% to $264.40 million from $253.56 million in the same quarter last year. First quarter … [Read more...]
Google Revenue Up 23%; Earnings Up 37%; Shares Down $30 After Hours
After the market closed today, Google posted a 23% gain in 1st Q revenue and a 37% increase in earnings. Google posted net income of $1.96 billion, or $6.06 a share, up from $1.42 billion, or $4.49 a share, in the year-earlier period. Revenues in the 1st quarter totaled $6.77 billion, compared with $5.51 billion in the year-ago period. Net revenue, (after payouts to partners only … [Read more...]