Sunday, November 06, 2005

Google Striking Fear Into Companies

Some excerpts from the article
"Wal-Mart, the nation's largest retailer, strikes fear into the hearts of its competitors and suppliers. Makers of goods from diapers to DVD's must cater to its whims. But there is one company that even Wal-Mart eyes warily these days: Google, a seven-year-old business in a seemingly distant industry."
"Google, then, may turn out to have a more far-reaching impact than earlier Web winners like Amazon and eBay."
"Google, which tends to keep its plans secret, certainly has the wealth to fund ambitious ventures. Its revenues are growing by nearly 100 percent a year, and its profits are rising even faster. Its executives speak of the company's outlook only in broad strokes, but they suggest all but unlimited horizons."
"Google represents a challenge to newspapers, to be sure," said Gary B. Pruitt, chief executive of the McClatchy Company, a chain of 12 newspapers including The Star Tribune in Minneapolis and The News & Observer in Raleigh, N.C. "Google is attacking the advertising base of newspapers."
"Mr. Breyer, the Wal-Mart board member, watches Google closely in his job as managing partner of Accel Partners, a venture capital firm in Silicon Valley. These days, he advises startups to avoid a "collision course" with Google, just as he has long counseled fledgling companies to steer clear of Microsoft's stronghold in desktop software."
Read the entire article here:

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1 comment:

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