pichette
Apple's Peter Oppenheimer ranks as highest-paid CFO for 2012
www.electronista.com
Apple's Peter Oppenheimer was the highest-paid chief financial officer during 2012, according to Bloomberg. The executive received compensation worth $68.6 million, roughly 16 times what Apple CEO Tim Cook received for the year. By comparison, Oppenheimer's closest competition -- Oracle CFO Safra Catz -- was given $51.7 million, while Google...
Motorola design chief: stock Android phones, cross-carrier brands coming later this year
www.engadget.com
Back in February, Google CFO Patrick Pichette said its recent purchase, Motorola, didn't "wow" on the smartphone front, but it looks like the two companies have long since smoothed over any hard feelings. Speaking to PC Mag, Motorola design chief Jim Wicks revealed plans for the first post-acquisition handsets,...
Google chairman nets $6m cash bonus
www.guardian.co.uk
Bonus awarded for year in which company reported record revenues of $50bn but came under fire for UK tax arrangementsGoogle has awarded its chairman, Eric Schmidt, a $6m (£4m) cash bonus for 2012 - a year when the company reported record revenues of $50bn but came under fire over its...
Google's CFO admits products in Motorola pipeline aren't 'wow by Google standards'
www.theverge.com
If you were hoping to see a revelatory smartphone from Motorola in the coming months, you might want to tone down those expectations. Google's Chief Financial Officer and Senior Vice President Patrick Pichette today said that products in Motorola's current and upcoming pipeline "aren't 'wow' by Google standards." The...
WAKE UP! Google Is A Hardware Company Now (GOOG, AAPL)
www.businessinsider.com
Google makes stuff. Physical stuff. That's the overwhelming message the Web giant delivered today at its big Google I/O conference for developers in San Francisco. On the menu: an updated Google Nexus smartphone, the Nexus 7 tablet, the Nexus Q media PC—even the surprise announcement of the first commercially available...
Wall Street Waits For Mark Zuckerberg's Call
allthingsd.com
All eyes will again focus on Facebook tomorrow, as the social giant gears up for its first earnings call. Yes, the expected attention will rest on the company’s admitted weaknesses: Facebook’s young advertising business faces stiff challenges, as consumers flock from desktop to mobile. Also looming is Facebook’s symbiotic relationship...
Google CFO Patrick Pichette: I Don't Get Why People Think Mobile Ads Are Worth Less
allthingsd.com
Though the business of mobile advertising is often criticized for its low prices and minimal revenue, not to mention the awkwardness of cramming ads on a small screen, Google CFO Patrick Pichette thinks it won’t always be that way. “I am convinced that the margins on mobile have to be...
Google still having to prove it’s ready for mobile
gigaom.com
One year into the second coming of Larry Page, a lot has changed but one thing hasn’t: Google is still making boatloads of money off its core search product and still having to face questions about whether or not it is really prepared for its world to take a mobile...
Google nabs $12B for Q2, including a tidy billion from new subsidiary Motorola
venturebeat.com
Google has just released the details of its second-quarter earnings: $12.21 billion in total consolidated revenue, around $1.25 billion of which came from Motorola Mobility, now officially owned by Google. “Google standalone had a strong quarter with 21% year-on-year revenue growth, and we launched a bunch of exciting new...
Google CFO hopes Chrome OS will become the Android of PCs
www.theverge.com
At today's Morgan Stanley media conference, Google Chief Financial Officer and Senior Vice President Patrick Pichette expressed hopes that Chrome OS would become for the PC market what Android is for mobile. In response to a question asking the above, Pichette responded: "The short answer is yes. There is...
Google Beats In Q2 2012: Revenue Up 35 Percent To $12.21B, $2.79B In Net Income
techcrunch.com
Google just announced its second quarter 2012 earnings this afternoon, reporting revenues of $12.21 billion, an increase of 35% from the first quarter ending March 31, which saw revenues of $10.65 billion. Minus traffic acquisition costs, Google pulled in $9.61 billion in revenue. Non-GAAP EPS in the quarter was $10.12. GAAP net income in...
Google Doubled Pay for Some Top Officers
online.wsj.com
Google boosted compensation for Chief Financial Officer Patrick Pichette, Chief Business Officer Nikesh Arora, and Chief Legal Officer David Drummond, who also oversees the company's mergers-and-acquisitions team....
Larry Page Has Lost His Voice, Literally -- And Won't Be on Stage at I/O Next Week
allthingsd.com
Google CEO Larry Page has lost his voice, said Executive Chairman Eric Schmidt today. Page, who is already well known for his reluctance to speak publicly, skipped today’s annual stockholder meeting. Schmidt was left to explain his absence. Schmidt said Page would likely miss his next two expected engagements while...
Google Chairman Eric Schmidt Is Getting A $6 Million Bonus On Friday (GOOG)
www.businessinsider.com
Eric Schmidt, Google's executive chairman, is getting a $6 million bonus on Friday, according to a new SEC filing the company made. Let's just say this: He earned it. Sure, Schmidt hardly needs the cash, thanks to his gigantic stake in Google, which is worth more than $6 billion after...
Google's Larry Page Might Have Lost His Voice, But He's Still Running The Company
techcrunch.com
So the news on Google CEO Larry Page is that there’s no new news. That’s what Nikesh Arora said on today’s Google’s earnings call. Just to recap: Last month, Google announced that Larry Page was skipping the company’s annual shareholder meeting because he had lost his voice at some point...
London’s Emerging Tech Cluster Goes to School at Google’s Campus
pandodaily.com
Today I visited Google’s new co-working space in East London. It rules. Called Campus, the five-storey building hosts more than 90 startups and is helping to consolidate and feed an emerging tech cluster that Startup Genome recently said is the third most active in the world, behind only Silicon...
Google plans more Motorola jobs cuts, will payout $340 million this quarter
9to5google.com
While Motorola already announced in the summer that it is cutting around 20 percent of its workforce (roughly 4000 jobs), today a filing with the Securities and Exchange Commission reveals the company plans on cutting even more jobs. According to the filing picked up by Cnet, Google will increase...
Google posts Q2 earnings: Profit of $10.12 per share on $12.21 billion in sales
www.bgr.com
Google (GOOG) on Thursday reported its earnings for the second quarter of 2012. Wall Street was modeling for earnings of $10.04 per share on $8.41 billion in sales for the June quarter, and Google beat earnings expectations with a profit of $10.12 per share on revenue of $12.21 billion....
Google CFO: 'The Valley Continues To Be Hot' (GOOG)
www.businessinsider.com
On Google's second-quarter earnings call, Patrick Pichette, the company's chief financial officer, just fielded a question about the state of recruiting in Silicon Valley. The thrust of the question: Will Google keep having to pay top dollar for talent? Last year, Google upped salaries 10% across the board. And we...
Motorola is a work in progress. Google is still doing its homework.
venturebeat.com
The resounding feedback from today’s earnings call? Take a step back, ease the pressure of the public gaze, and let Google do its due diligence. World, take a chill pill. Google’s new subsidiary, Motorola, brought in a cool $1.25 billion in earnings, which amounts to roughly 10 percent of the...
Google reports Q2 2012 earnings: $3.2 Profit on $12.12B revenue, welcomes Motorola
9to5google.com
Analysts were expecting: Q2 EPS: $10.04 Q2 Revenue: $8.41 billion Q3 EPS Guidance: $10.76 Q3 Revenue Guidance: $9 billion Google Inc. Announces Second Quarter 2012 Financial Results Google Inc. Announces Second Quarter 2012 Results Download PDF version [127K] MOUNTAIN VIEW, Calif. – July 19, 2012 – Google Inc. (NASDAQ:...
Google's CFO says they have to 'drain the pipe' of Motorola products before the 'Wow!' kicks in
9to5google.com
Google Chief Financial Officer and Senior Vice President Patrick Pichette spoke at the Morgan Stanley Technology Conference earlier today and admitted the products in Motorola’s pipeline aren’t “wow” by Google standards. Google bought Motorola last year, and the handset manufacturer later launched devices that had been in the works for quite some time. Many considered...
Google says mobile run rate up $2.5B to $8B, including Google Play, Motorola story 'just beginning'
thenextweb.com
Google held an earnings call today to talk about its release earlier. Kicking off the call was Google CEO Larry Page, in a hoarse, slow cadence due to a recent vocal illness. “I’m sorry for the scramble earlier today,” said Page, referring to the accidental early results release. “We experienced...
The Mobile Paradox
techcrunch.com
Editor’s note: Guest author Keith Teare is General Partner at his incubator Archimedes Labs and CEO of just.me. He was a co-founder of TechCrunch. Follow him on Twitter @kteare. Google’s stock declined by over 4% yesterday. Many have put this down to the company’s decision to create a non-voting class of stock as part...
Google: We’re One Of The World’s Largest Hardware Makers
www.wired.com
Google CFO Patrick Pichette says that Google is one of the world's biggest comptuer makers. Photo: Flickr/Fortune Live Media Google is web company, and it rakes in most of its money from online ad sales, but it has another identity that few people understand: It’s also a massive hardware maker....
Google Disses Motorola Products - And Hires Guy Kawasaki
readwrite.com
Google's short-term goals for its Motorola smartphone division are two-fold: clear the rubble on the runway and build for the future. When it comes to runway, Google is still dealing with the product pipeline that it inherited from Motorola when the acquisition received final approval by regulatory bodies way back...
Motorola drags Google's earnings down, streamlining (read: layoffs) ahead
arstechnica.com
Google is likely to trim down its new acquiree, Motorola, over the coming months. Afzal Imram One large reason why Google’s earnings fell dramatically this quarter can be summed up in a word: Motorola. Sure, Google wanted Motorola badly—to the tune of $12.5 billion—for its patents, but Mountain View...
After acquisition, Google reiterates it is 'not integrating Motorola'
www.theverge.com
The unusual stock split (and Larry Page's lost voice) isn't the only news to come out of Google's shareholder meeting. Speaking to said shareholders, CFO Patrick Pichette reiterated Google's intention to hold Motorola at arm's length and allow it to "stay on its own battlefield." Just as that messaging...
Want a Google-influenced Motorola phone? Keep waiting
www.theverge.com
On Google's Q3 2012 earnings call today, CFO Patrick Pichette talked briefly about Motorola Mobility's performance about half a year into its acquisition: Look, we're really pleased with Motorola's progress in its first 150 days. As indicated in our public filings, our team has made a lot of operational...
Google Fiber Is World-Changing! Or Maybe Not. Or Both!
allthingsd.com
Google has now announced plans to roll out its high-speed broadband service in three cities, which excites lots of people who get excited about the notion of fiber lines delivering a gigabit per second. Lots of other people, though — including investors and the cable guys — don’t know what...
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