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Google eyes emerging markets networks: report

Google to Fund, Develop Wireless Networks in Emerging Markets

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Google has become deeply involved in a series of projects to build and operate wireless networks in emerging markets including sub-Saharan Africa and Southeast Asia, a report said on Friday.
The Wall Street Journal, citing unnamed sources, reported the effort is part of a plan that could connect a billion or more new people to the Internet.

Google did not immediately respond to an AFP request to comment on the report.

According to the report, Google is “deep in the throes” of the effort to build wireless networks for people outside major cities where wired Internet connections are scarce.

It said Google plans to team up with local companies in some of the countries to develop the networks, and formulate business models to support them.

In some cases, Google plans to provide its own recently developed wireless technologies to help such networks.

Google has launched an ultrafast fibre network in the Kansas City area and is working in other areas of the United States on creating powerful Wi-Fi networks.

The Journal said that in the emerging markets, Google is seeking to create an ecosystem using new microprocessors and low-cost smartphones powered by its Android mobile operating system.

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The system could also use balloons or blimps to transmit signals for the networks.

The daily said Google has begun discussions with regulators in countries including South Africa and Kenya on changing rules to allow the use of airwaves reserved for TV broadcasts.

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Posted by on May 25, 2013 in Articles, International News

 

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Yahoo to Pay its New Chief Marissa Mayer $100 Million

Marissa Mayer could be in line for a package of almost $100m (£64m) after taking up the position of Yahoo chief executive, the company says.

Yahoo New Chief Marissa Mayer

Mayer’s pay package is made up of $1m in annual salary, as much as $2m in an annual bonus, and $42m in stock options and other awards, as well as $14m in “make whole restricted options” for forfeiture of compensation from Google.

With the inclusion of some stock grants, Mayer could earn up to a total of $20m a year, or up to $100m over five years, a Yahoo spokeswoman told Reuters.

As the first female Google engineer and one of its earliest employees, Mayer’s net worth is estimated to be as much as $300m.

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Posted by on July 20, 2012 in International News

 

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Yahoo’s Unchanged Sales Reflect Challenge Facing New CEO Mayer‏

Yahoo! Inc. (YHOO) reported sales that were little changed in the second quarter, underscoring the lack of growth that Marissa Mayer will need to combat in her reign as chief executive officer, which began yesterday.

Second-quarter revenue, excluding sales passed on to partner sites, rose less than 1 percent to $1.08 billion, Sunnyvale, California-based Yahoo said in a statement yesterday. That compares with the $1.1 billion average analysts’ projection compiled by Bloomberg.

Snapshot for Yahoo! Inc (YHOO)

Today   Open: 15.85 52wk Range: 11.0900-16.7900
Previous Close: 15.645 Volume: 30,596,263
Day’s Range: 15.4200  – 15.8900 1-Yr   Rtn: 8.18%

Source: Bloomberg

Yahoo is lagging behind Web companies, including Facebook Inc. (FB) and Mayer’s former employer Google (GOOG) Inc., in luring the advertising that makes up most of revenue. Investors are looking to 37-year-old Mayer, the fifth CEO in three years at the biggest U.S. Web portal, to do a better job winning business than predecessors who eked out profit by slicing jobs.

“This is a turnaround situation,” said Colin Gillis, an analyst at BGC Partners LP in New York. “It’s much easier to control costs than it is to grow revenue. She’s got her work cut out for her to try to accelerate the top line.”

Yahoo’s share of U.S. spending on display ads will fall to 9.1 percent this year from 11 percent in 2011, trailing Google and Facebook, according to EMarketer Inc.

Yahoo was little changed in extended trading yesterday after the report. The shares had fallen 0.3 percent to $15.60 at the close in New York, and the stock has dropped 3.3 percent this year.

Second-quarter profit, excluding some items, was 27 cents a share. That beat the 23-cent average estimate compiled by Bloomberg, a sign that job cuts are helping reduce costs. Net income attributable to the company fell to $226.6 million, or 18 cents a share, from $237 million, or 18 cents, a year earlier.

Revenue for display advertising, minus sales passed to partner sites, increased 1.5 percent to $473.4 million during the quarter. Growth was hampered by a sales decline in the region that includes Europe.

Unlike past quarters, Yahoo didn’t provide an outlook for sales and income from operations. The company decided not to provide the forecast as Mayer had only just joined the company. Mayer also didn’t participate in the conference call.

“She is very mindful of the importance of the investor community, and I’m sure that you’ll be hearing from her soon,”said Yahoo Chief Financial Officer Tim Morse, who hosted the call. “Marissa’s a high-caliber, well-respected leader.”

Mayer, a 13-year Google veteran, replaces Ross Levinsohn, who ran Yahoo on an interim basis after Scott Thompson resigned in May over inaccuracies in his resume.

Thompson took over in January from Morse, who became interim CEO in September. Morse followed Carol Bartz, who was fired last year. Levinsohn also wasn’t on yesterday’s call.

Yahoo’s total sales tumbled 21 percent to $4.98 billion last year as users devoted less time to the service. Visitors on average spent less than two hours and 20 minutes on Yahoo pages in May, compared with more than six hours for Facebook, according to ComScore Inc. (SCOR)


Mayer, who joined Google as its 20th employee and its first female engineer, is credited with maintaining the company’s Spartan home page for a decade and overseeing such products as Gmail, Google News, and image, book and product search. In 2010, she became vice president of local, maps and location services.

Mayer also brings technical prowess to the CEO position. She’s an engineer and patent holder who earned a bachelor’s degree in symbolic systems and a master’s degree in computer science from Stanford University.

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Posted by on July 18, 2012 in Business News, International News

 

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Yahoo! poaches Google’s Marissa Mayer as new chief executive‏

MARISSA MAYER

The 37 year-old quit Google   by telephone on Monday afternoon and starts at Yahoo! on Tuesday. Having   joined Google as its first female engineer 13 years ago, Ms Mayer’s move to   Yahoo! will be regarded as brave one given the scale of the challenges   facing Yahoo!.

The former internet darling has struggled to adapt to the increasingly social   nature of the web and, as a result, has seen its advertising revenues   decline.Those problems have been exacebated by a series of blunders at the   top of the company, culminating in the departure in May of former chief   executive Scott Thompson for allegedly doctoring his CV.

Shares in Yahoo! climbed after the appointment was announced as investors took   encouragement from Ms Mayer’s record at Google.Ms Mayer, who studied at   California’s Stanford University, has been given credit for the success of   Gmail and Google News.

The central challenge for the new Yahoo! boss will be   in defining the company’s central purpose is and generating more revenues   out of the tens of millions of people who continue to make Yahoo’s homepage   one of the most visited on the web.

The scale of the hurdles she faces in reviving Yahoo! are likley to be   underlined tomorrow when the company reports its latest results. Last night,   Ms Mayer insisted that the decision to leave Google was “reasonably easy”   after she was first approached about the job last month.Yahoo! remains one “of   the best brands on the internet,” she told the New York Times.

One of her first priorities will be in luring new talent to Yahoo!. That   sentiment was echoed by Eric Jackson, a fund manager at Ironfire Capital,   who has been pushing for change at the company for the last two years.”There   are very few people in Silicon Valley who are genuine tech rockstars and can   go out and hire as CEO – she is one of them,” Mr Jackson said. Ms   Mayer’s decision to leave the far more profitable and successful Google   might also suggest that plans for a revivial are already underway at Yahoo!.

 
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Posted by on July 17, 2012 in Business News, International News

 

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Google to battle Apple with a state-of-the-art Tablet‏

A leaked shot of the Google Nexus tablet - a seven-inch machine which may make apple pay attention

First glimpse: A leaked shot of the Google Nexus tablet – a seven-inch machine which may make apple pay attention

Google is taking a shot at stealing the  iPad’s throne with a seven-inch ‘Nexus’ tablet.

The tablet, which is set to be officially  announced at Google’s developers conference starting on Wednesday, will be named  ‘Nexus’, which Google gives to all of its flagship machines.

The tablet is said to be available in a  white-and-black finish, and contain a high-end ‘Tegra3’ quad-core chip, pitching  it against top-of the-range devices and yet at an extremely competitive price – $250 for the 16GB model, and $199 for the 8GB model. If these prices translate to the UK – which  is possible, if Google’s aim is to get the tablet established in the market – that is £160 and £128 respectively. Android tablets are nothing new, and there  have been a batch of good models from the likes of Acer and Samsung, but now  Google is fighting with its teeth. Building a tablet in-house means ends-to-end  quality control, and Google may be able to shave the budget right down to the  bone with a product that works as a loss-leader’ rather than a for-profit  device.

Android has huge success with their budget  Fire tablet, also based on Android, and it has proved extremely successful in  the U.S.

If Google can replicate this success, it  could take some of the allure from Apple’s great but expensive tablet, as well  as attracting more developers to Android, and ensuring other Android  manufacturers up their game.

Phone Arena released leaked images of what is believed to be the new  tablet, which seems to follow the lines of the bestselling Samsung Galaxy  phones.

From the pictures, it looks like there will be two  cameras. Google-branded handsets are often used as a  showcase for new technologies, with the search giant partnering with different  hardware providers for the software.

The competition: Apple's latest iPad on offers a fantastic experience in the hand - put a painful one in the pocket

The competition: Apple’s latest iPad on offers a fantastic experience in the hand – put a painful one in the pocket

The Windows version of a tablet: A The new Surface was unveiled by Microsoft last week

The Windows version of a tablet: A The new Surface was unveiled by Microsoft last week

The last Google Nexus phone, which introduced  NFC, or contactless payments, was made by Samsung. Nexus phones and presumably tablets always  receive Google software updates at the earliest opportunity, so this tablet is  likely to be the first one to get a ‘Jelly Bean’ upgrade, the next version of  Android which is due in the Autumn.

  A seven-inch also provides a successful stake  against Apple. Apple – at least when ran by Steve Jobs – refused the smaller  size model as Jobs was not a fan.

However, Apple may be about to turn around on  this stance. Manufacturers have allegedly received orders for a seven-inch ‘iPad  Mini’ from Apple.

Other competition comes from Microsoft, which  is finally getting in to the tablet market with Surface, their own operating  system based off the back of Windows.  The first appearance of the Surface was  welcomed by tech pundits, but it is likely to be priced as a premium  model.

One thing that is not known is whether the  tablet will have a 3G SIM slot for mobile broadband.

Google may choose to save  on the cost, and make use of the ability of Android phones to share their  internet wirelessly with other devices.

The Google conference, known as the I/O  conference or the Input/Output conference, starts in San Francisco on  Wednesday.

The conference is expected to include  information and launch dates for Google’s latest 3D mapping projects and other  projects bubbling away in the Google labs.

Read My previous Post about the Tablet Battle here:

 
 

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