Cramer Interviews Google's Schmidt - and It's Fascinating

A few fascinating tidbits from Jim Cramer’s interview with Google CEO Eric Schmidt today:

* Google accounts for 0.7 percent of GDP, according to Goldman Sachs.
* Cramer says the ad market is $600 billion and asks whether Google could get 10 percent of that. Schmid says, “Well, we could,” and then corrects him: It’s a trillion-dollar market globally.
* Schmidt says Google will make more on mobile than on desktops because mobile is more targeted - and Google targets.
* GMail outage? "That was a screw up. We fixed that. We’re not perfect.”
* What would Google make by adding sponsorship to its home page? “Some number of billions of dollars.” Why not do it? “People wouldn’t like it. We prioritize the end-user over the advertiser… We’re not going to sell it.”
* Google is 52 percent international revenue; Schmidt thinks it will go to 65-35.
* About getting too big: “How do we behave? Not the way Microsoft did. I would never do that."
* Schmidt: “I never worry about Microsoft.”

Comments

[mythreecents:]

ultimately and probably even nearer-term, he must worry about compressed margins. Goog gives lots off stuff away to scorch the earth just like msft, but eventually that 'cool free stuff' has to pay off. imo, goog has reached the awkward teenage years. it's a huge and important company, no doubt. but it's getting pimples, searching to stay popular and will no doubt overreach its competency (goog phone for instance) to stay that way. too big, folks. too big...

2008 Aug 14 12:00 AM