Google Q2 Call: How Did They Miss? Chief Economist Varian: Consumers Showing Weakness
Google’s (NSDQ: GOOG) conference call is getting underway, and it should be an interesting one, following the miss. They spent a good portion of the call talking up mobile activity…
—Mobile thoughts: Sergey Brin is asked to riff on mobile: revenue per query will vary from market to market. iPhone users do some 30x queries compared to others, though no comments yet on the iPhone 3G. Later an analyst asked whether there would be a total separate marketplace for mobile. Brin: Once you get these phones with capable browsers, there’s less reason to separate mobile and regular ads.
—Wireless Strategy and Android: The last question of the call concerns general wireless stuff: “We want our products on as many devices as possible. (Symbian, iPhone, Blackberries, Windows Mobile).” Android: “We’re still very excited… We are still expecting phones shipped by the end of the year.” Not much there ultimately. Call is done.
Full coverage of the call is at paidContent.org.
Webcast (4:30 ET) | Transcript (via SeekingAlpha)
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Comments (1)
Jul 17, 2008 5:38 PM
excuses, excuses, excuses…
Jul 18, 2008 5:06 AM
I don’t see why everyone is down on google. The economy isn’t great yet they are still making money hand over fist. Long term they are definitely one of the most powerful forces on Earth. It’s a little scary actually! They could buy their own country if they wanted to!
Any way, for those interested, I noticed that Google’s entire conference call transcript is up online and free to view at Seeking Alpha. The direct link is here:
http://seekingalpha.com/article/85608-google-inc-q2-2008-earnings-call-transcript?source=Q22008
Jul 18, 2008 10:57 AM
Thanks, Ryan. That link has been part of our posts on Google earnings since last night when it became available. We routinely include Seeking Alpha transcript links with credit.