By Chief Gizmateer
Contributing Writer, RealTechNews
2006 is shaping up to be a “dog” of a year at best for Google.
The year started with a bust for Google when their much anticipated announcement at CES turned out just to be a pack of software readily available via the Internet. Google Pack does gather all the software in one place and now apparently the Google Windows applications are coming to Linux.
That same day, Google Video was released with problems. Recently, Marissa Mayer – VP, Search Products and User Experience admitted that Google made a mistake by saying: “You can’t come out and launch a product like Google Video and say CSI and Survivor are there if they’re not on the home page.” Besides not allowing consumers to easily click and play (like iTunes), Google video has a host of problems including not allowing consumers to play copy-protected shows on portable devices not connected on the Internet (like on a plane trip). Overall, Google Video has been a big disappointment except for the video of two Chinese Backstreet Boys.
Shortly after announcing both products Google briefly reached their stock valuation high of $475.11 but has since dropped. In fact, Google stock has tumbled from the lofty $475.11 down to $342.38 losing 27% of the stock’s valuation equaling nearly $40 billion in shareholder wealth. Partially to blame was Google’s fourth quarter results.
Also, Google’s refusal to allow the US Government to grab information on searches. Then, blocking content and searches for China really made investors nervous. Within a couple of days Google received both “cheers” from Internet users when they refused the US Goverment access and “jeers” from many of the same users when Google decided that China was an important enough marketplace to be in to bow down to China’s content filtering demands. What happened to Google’s unofficial company motto of “Don’t be evil”?
Read the rest of the article at Gizmos for Geeks.
Source: Gizmos for Geeks