Indian Stock Market Watch
S&P 500 Watch
A day after I wrote a blog titled "Amazon’s performance critical for investors and the tech industry", on October 30, FT published an interview with Larry Page, Co-Founder of Google, which to my mind is compulsory reading to investors and those interested in the future of the tech industry.
In my article, I had questioned Amazon's valuation, compared it with Google, and questioned the strategy of "visionaries at companies such as Google, Facebook (Amazon is an extreme example) pursuing long term profits but doing so through highly speculative, or shall I say forward looking, investments in fairly diverse industries".
Now FT reports that Larry Page is considering changing Google's mission statement: to "organise the world’s information and make it universally accessible and useful" appears too restrictive for its ambitions and idealism.
FT reports that Steve Jobs told Larry Page "He would always tell me, You are doing too much stuff".
It is clear that for all the things that Google wants to do it needs a different kind of corporate structure, appropriate for both its investors and the conversions of these explorations into successful businesses/industries. FT reports that Larry Page admits that there is no model for the kind of company Google wants to become.
These are fascinating times indeed!
S&P 500 Watch
A day after I wrote a blog titled "Amazon’s performance critical for investors and the tech industry", on October 30, FT published an interview with Larry Page, Co-Founder of Google, which to my mind is compulsory reading to investors and those interested in the future of the tech industry.
In my article, I had questioned Amazon's valuation, compared it with Google, and questioned the strategy of "visionaries at companies such as Google, Facebook (Amazon is an extreme example) pursuing long term profits but doing so through highly speculative, or shall I say forward looking, investments in fairly diverse industries".
Now FT reports that Larry Page is considering changing Google's mission statement: to "organise the world’s information and make it universally accessible and useful" appears too restrictive for its ambitions and idealism.
FT reports that Steve Jobs told Larry Page "He would always tell me, You are doing too much stuff".
It is clear that for all the things that Google wants to do it needs a different kind of corporate structure, appropriate for both its investors and the conversions of these explorations into successful businesses/industries. FT reports that Larry Page admits that there is no model for the kind of company Google wants to become.
These are fascinating times indeed!
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