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I agree. What does Google do now?
I have read that the Taiwanese motherboard makers are fabbing 20,000 motherboards a month for Google.
I have read that the Taiwanese motherboard makers are fabbing 20,000 motherboards a month for Google.
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I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891 -
I thought GAAP was over 4 years. Perhaps I am wrong. I do remember it used to be 5 years.“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of ManComment
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5 years is what I remember, but only vaguely. I will ask my sister.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Apologies. The number of motherboards being printed and stuffed for Google in Taiwan is 30,000 per month @ $200 a pop. If these are dual processor boards, that means Google is deploying 60,000 processors a month. Truly mind-bending, even by intelligence community standards. BlueGene/L only has 131,000 processors.
I'm not sure what would use that kind of power, other than perhaps Google's universal translator that they will be rolling out one of these years.Last edited by DanS; July 25, 2006, 19:08.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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From sis...
The IRS madates that you depreciate it over 5 years (even though the class life is 6 years) because it is under the classification of machinery and equipment. And remember that you don't have to use straight-line depreciation for tax purposes. You can use MACRS for front-loading the depreciation as long as all other machinery and equipment placed in service in the same year uses the same election. Or you can Section 179 it and take all the depreciation in the year that it's placed in service as long as it's used 50% or more in the trade/business. Of course there's limits, exceptions ( i.e. rental real estate), etc.
GAAP is also five years but it's definitely straight-line on the financial statements.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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To beat this dead horse mercilessly, Google is fast becoming a company that is hard for Wall Street to analyze. Free cash flow was hit hard this quarter because of the capital spending. You hate to see GOOG punished because it is making opportunistic purchases, but Wall Street makes valuations primarily off of free cash flow.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Why?Originally posted by DanS
You hate to see GOOG punished because it is making opportunistic purchases“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of ManComment
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GOOG is building global wide data centers to deliver web-based applications. They want to unseat Microsoft.Comment
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And they shall because we will let them.
be freeComment
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Re: Google does it again...
Originally posted by DanS
They're getting into telephone/cable company kind of capital spending.
Speaking of telco spending, they were getting into dark fibre in 2005. This is one reason I don't think net neutrality is necessarily as disastrous as it could be -- if telcos start doing stupid things, Google can just build its own internet backbone and put them out of business.
Google is beginning to remind me a non-profit foundation in one of Iain M. Bank's novels that made life better on a planet with a plethora of inventions but was actually a front for Culture's Special Circumstances, making the planet ready for admission into galactic citizenship.
I think the one question that remains is whether Larry Page is the Second Coming of Jesus or whether David Brin is an Avatar of Vishnu. Ia ia Google fhtagn.Blog | Civ2 Scenario League | leo.petr at gmail.comComment
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Because I want to win my bet against Colon.Originally posted by pchang
Why?
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Re: Re: Google does it again...
I've often had that feeling as well. Sometimes I suspect them of pulling a massive cyber-Robin Hood, benevolently taking money from the capital markets and giving it to the huddled masses of the internet.Originally posted by St Leo
...Google is beginning to remind me a non-profit foundation...DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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Re: Re: Google does it again...
I'm not concerned about the backbone, which Google apparently bought into at a depressed price. It's the last mile to the home that Google didn't buy into, which is still the domain (at least in the US) of the telcos and the cablecos, and would require tens of billions of dollars of investment for Google to take on. Also, AFAIK Google didn't buy into the Level 3s/Micromedias of the world, which have built out the last mile to many of the businesses in the US. Google could still buy into that relatively cheaply, however.Originally posted by St Leo
Originally posted by DanS
They're getting into telephone/cable company kind of capital spending.
Speaking of telco spending, they were getting into dark fibre in 2005. This is one reason I don't think net neutrality is necessarily as disastrous as it could be -- if telcos start doing stupid things, Google can just build its own internet backbone and put them out of business.Last edited by DanS; July 27, 2006, 13:59.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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I like GOOG .
GOOG .
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And the party continues...
Revenue growth is declining at a steady pace. Capital spending for the quarter cooled to $492 million. Free cash flow moved much higher to $512 million.
From the WSJ...
Google Net Soars, Propelled
By Overseas Growth
Revenue Increases 70%;
Advertising Sales Defy
Slowdown at Rival Yahoo
By KEVIN J. DELANEY
October 20, 2006; Page A3
Google Inc. said third-quarter profit nearly doubled and revenue soared 70%, as international operations and the Internet company's own sites boosted its online-advertising sales.
Google's stock climbed 7.8% in after-hours trading, after the company's results showed little sign of the slowing growth in online-ad sales that has afflicted rival Yahoo Inc. lately. Yahoo Tuesday reported a 38% decline in third-quarter net income and lowered its full-year financial forecasts.
"The numbers were significantly higher than expected and demonstrate that Google continues to outperform the market," said Marianne Wolk, an analyst at Susquehanna Financial Group, whose firm makes a market in Google shares. While Google traditionally has been strong in the United Kingdom, "you're starting to see momentum throughout the rest of Europe," Ms. Wolk said.
Google's international sales contributed 44% of its third-quarter revenue, rising from 39% a year earlier. The company, based in Mountain View, Calif., has long had a very strong market share in Web search in many countries outside the U.S., and in recent years it has pushed to boost overseas revenue through new offices and sales staffs.
"We had an excellent quarter in all respects, especially including international," said Chief Executive Eric Schmidt in a conference call with analysts.
Google this year has forged a number of deals to extend the reach of its online-ad system to other places on the Web. It announced a $1.65 billion agreement to buy video site YouTube Inc. and ad-brokering pacts with others including Dell Inc., News Corp. and Intuit Inc.
Google places the ads -- usually targeted based on key words such as "Chicago car rental" -- on partner sites and keeps a commission. Some investors view Google's expanding its reach on the Web in this way as a key driver of its future growth.
But ad revenue from Google's own sites, such as its flagship Web search engine, generated 60% of its third-quarter revenue, rising 84% to $1.6 billion from a year earlier, compared with a 54% increase in revenue from partner publishers.
Google posted net income of $733.4 million, or $2.36 a share, up 92% from $381.2 million, or $1.32 a share, a year earlier. Excluding factors such as stock-based compensation, Google said profit was $2.62 a share, well above the $2.42 a share that Wall Street analysts polled by Thomson First Call forecast on the same basis.
Revenue rose to $2.69 billion from $1.58 billion. Excluding commissions paid to marketing partners, revenue was $1.87 billion, up from $1.05 billion in the year-earlier period.
Google reported results after the close of regular stock-market trading. At 4 p.m. in Nasdaq Stock Market composite trading, the stock was at $426.06, up $6.75. Shares jumped $33.32 to $459.38 in after-hours trading.
Investors have been on guard for any signs of slowing growth at Google as it matures, and the company's sales grew slightly more slowly than in previous quarters, though still at a fast clip. The 70% growth in revenue during the third-quarter from a year earlier compared with 79% and 77% in the first and second quarters, respectively, and 96% in the third quarter of 2005.
Google said its spending on capital expenses, such as computer and networking equipment and facilities, would continue to increase at a substantially faster pace than its revenue growth this year.
Separately, the three music companies that have licensed their content to YouTube received small equity stakes in the company as part of the negotiations. People familiar with the talks said Warner Music Group Corp., Vivendi SA's Universal Music Group and Sony Corp. and Bertelsmann AG's Sony BMG received the equity in lieu, effectively, of cash advances against future revenue. These people characterized the stakes as warrants that would convert to cash when Google's acquisition of YouTube closes.
The equity stakes were reported yesterday by the New York Times, which estimated their collective value at $50 million -- or 3% of YouTube's value in the Google deal. One person familiar with the talks suggested that figure might be too high.Last edited by DanS; October 29, 2006, 16:09.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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