Google: Conference Call Update
additional highlights from the Q&A portion of the earnings call:
- SMB (small and medium size businesses) growth profile? Online tools for small businesses: still a huge opportunity as more than half of SMBs do not have a website. A big part of effort is to help this go mobile as well. GOOG has very targeted programs. Really a long term strategic effort.
- Cap-Ex: spending mostly focused on building data centers, acquiring real estate etc.
- Outlook for ChromeBooks and Android? There is a great convergence here. For example, on android phone, Chrome powers the search.
- Google Shopping Express is really about local, and SMBs are a big focus for that but it's not only SMBs.
- Motorola had a great Q2 with strong momentum.
--> Stock at 579.06 (+1%)