GOOG- Google targest Uncle Sam

Google is an ad machine, I agree they are probably going to see a decline in revenue from advertising, however I think they are still stealing ad revenues away from traditional print advertising and even though they wont see huge growth in the near future they are an online advertising monster with a huge market share.

well i’m sure uncle sam has all the personal data he needs. But to answer your question.

Mountain View, Calif.-based Google, which in December leased 15,000 square feet of office space for a Washington-area outpost, pitches “search appliances” to agencies, or pieces of hardware installed within a network to facilitate quick access to internal documents and databases.

It also sells versions of its Google Earth mapping technology, and a number of agencies are also testing Google Apps, a set of word-processing, spreadsheet and email tools positioned to attack the dominant Office suite sold by rival Microsoft Corp.

Eric Schmidt CEO of Google was recently on Charlie Rose. This is what he had to say about Gooogle’s revenue:

Charlie Rose:

And advertising is now, what, 90 percent of the revenue?

Eric Schmidt:

98 percent.

A transcript is available at Techcrunch.

They are certainly poised to monetize other forms of media like Youtube videos, I just don’t know how well that is working for them.

Yeah, I’m sure youtube isn’t going to be a huge money maker for Google, but it’s still a very valuable internet property. It’s where just about everyone goes to watch and upload their videos. Also, that means tons of data, which is what makes Google so powerful.

Looks like someone heard my previous comment in their boardroom.

Google Inc.’s YouTube and Walt Disney Co. have nearly completed a deal under which video clips from ABC, ESPN and other Disney properties would be available at YouTube, according to a published report.

The deal, which is not expected to include entire episodes of TV shows, is still “in flux,” The Wall Street Journal reported, citing unnamed sources close to the situation.

Will Google become Microsoft?

The history of Google Inc. is similar, although it began as a more dogged and focused company. But both have one thing in common — they somehow captured the most important sector of the computing scene at a moment in time.

Right now, the world is driven by the need to search for information on the Internet. The search engine is essentially the table of contents to a huge depository of information that now exists online.

With the combined resources of the great libraries along with individually archived data, most of the world’s knowledge is actually available almost instantly — if you can find it.

The history of search began with simple programs such as WebCrawler, along with hand-tweaked directories such as Yahoo.

These were quickly usurped by AltaVista, which soon dominated search until its owner, Digital Equipment Corp., was sold to Compaq Computer Corp. and the product was left to languish. At the time, the common wisdom was you could not make money with a search engine.

Google came along, at first under the radar, and soon got momentum in the late 1990s when it became obvious that its search results were superior to the competition. This simple fact has remained true for a decade.

Now it’s questionable that any other resource can ever unseat Google from its perch. The Internet is simply too big for a newcomer to make any headway. One of the advantages that Google has is the trick it learned from AltaVista: cache the entire Internet on perhaps a million servers (nobody knows the real number), and analyze the cache.

I’m not sure how many people realize that Google maintains a copy of what amounts to the entire Web (well, most of it anyway) on its computers. This copy is constantly refreshed. This is not a cheap proposition.

I think Google would be worth buying only for what the value of what the stock will increase too. I’ve heard some very large figures past the $10,000′s being tossed around.

I certainly agree with that its pointless being it when its overpriced for low earnings but I think a lot of people are expecting some great things from google in the future.