[IP] About those Google Notes at that Presentation ...]
-------- Original Message --------
Subject: About those Google Notes at that Presentation ...
Date: Wed, 08 Mar 2006 01:40:46 -0500
From: Randall <rvh40@xxxxxxxxxxxxx>
To: Dave <dave@xxxxxxxxxx>
CC: Newmedia@xxxxxxx
[Dave: Mark Stahlman cast doubt on the veracity of the "Google Dreams
Big" story about the Google presentation, which quoted Greg Linden's
page about the removed notes which had been in Google's PPT
presentation. Looks like Reuters is confirming Linden:
"The document came to light when blogger Greg Linden of Seattle picked
up details from it. According to a number of bloggers who captured the
original presentation, it also described an unannounced plan to offer
online storage to Web users, creating a mirror image of consumer hard
drives.
"His original post is located at:
http://glinden.blogspot.com/2006/03/in-world-with-infinite-stora ge.html
"The bloggers said the original presentation stated: "With infinite
storage, we can house all user files, including emails, web history,
pictures, bookmarks, etc and make it accessible from anywhere (any
device, any platform, etc).""
===============
http://htdaw.blogsource.com/post.mhtml?post_id=272767
Speaking of the Google "Notes"
Wednesday, March 08, 2006 at 1:35 AM EST
Google says mistakenly put old ad outlook on Web
By Eric Auchard 2 hours, 40 minutes ago
SAN DIEGO (Reuters) - Google Inc. (Nasdaq:GOOG - news) inadvertently
published outdated revenue and profit projections on its Web site after
last week's meeting with Wall Street analysts, the company said in a
regulatory filing on Tuesday. But it stood by its refusal to issue
financial projections.
ADVERTISEMENT
The previously undisclosed presentation notes stated that Google's core
advertising business was expected to grow by nearly 60 percent to $9.5
billion in 2006 but that profit margins in its mainstay AdSense business
could be squeezed this year and beyond.
Google, a provider of Web search technology, said in the filing with the
U.S.
Securities and Exchange Commission that the notes stated: "To really get
down to brass tacks, we're going to: Execute well on our core ads
projects to help us exceed the $9.5bn target (and backfill any AdSense
partner loss) and drive advertiser satisfaction."
It said in the filing that the notes had been presented early in the
fourth quarter of 2005 for an internal product strategy presentation.
"These notes were not created for financial planning purposes, and
should not be regarded as financial guidance. Consistent with past
practice, Google is not providing revenue guidance," Google said in the
filing.
Google also described as inaccurate notes that said: "AdSense margins
will be squeezed in 2006 and beyond."
AdSense is an advertising program through which Google offers its
pay-per-click Web search advertising system to Web publishers such as
America Online or Ask.com to sell search-based advertising on their own
sites.
Following its annual "Analyst Day" presentation for Wall Street at its
Silicon Valley headquarters last Thursday, Google published, then
retracted, a massive document containing slides with "speaker's notes"
on product plans and financial targets.
The document came to light when blogger Greg Linden of Seattle picked up
details from it. According to a number of bloggers who captured the
original presentation, it also described an unannounced plan to offer
online storage to Web users, creating a mirror image of consumer hard
drives.
His original post is located at:
http://glinden.blogspot.com/2006/03/in-world-with-infinite-stora ge.html
The bloggers said the original presentation stated: "With infinite
storage, we can house all user files, including emails, web history,
pictures, bookmarks, etc and make it accessible from anywhere (any
device, any platform, etc)."
Jordan Rohan, an analyst with RBC Capital in New York, calculated in a
note to clients that, assuming the internal targets were made before
Google signed a $450 million advertising contract renewal with AOL, then
the company's internal targets are for around $10 billion in gross
revenues.
That's in line with his 2006 estimate of $9.97 billion, the current high
prediction on Wall Street and ahead of consensus Wall forecast of $9.65
billion, according to Reuters Estimates data.
"We believe Google management is creating unnecessary volatility by
refusing to issue financial targets (intentionally). Issuing guidance is
not 'evil,"' he said.
"They are certainly demonstrating a hypersenstivity to what information
they do disclose," said David Garrity, director of research at brokerage
Investec in New York.
Google spokeswoman Lynn Fox said on Tuesday that the company did not
have any further comments on this topic. However, on Monday Fox
confirmed the existence of the notes that were on the company's Web site
but declined to comment on details contained in them.
Google replaced the withdrawn notes with a 94-page version of the slides
in another format that had been cleansed of the notes.
http://tinyurl.com/zbuzr
--
"The people who still support George Bush are the same people who
believe Adam and Eve rode to church on the backs of dinosaurs". - SNL
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