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Apple boots Google’s Eric Schmidt from Board

Eric Schmidt
Here’s the official news from Apple:

CUPERTINO, California—August 3, 2009—Apple® today announced that Dr. Eric Schmidt, chief executive officer of Google, is resigning from Apple’s Board of Directors, a position he has held since August 2006.

“Eric has been an excellent Board member for Apple, investing his valuable time, talent, passion and wisdom to help make Apple successful,” said Steve Jobs, Apple’s CEO. “Unfortunately, as Google enters more of Apple’s core businesses, with Android and now Chrome OS, Eric’s effectiveness as an Apple Board member will be significantly diminished, since he will have to recuse himself from even larger portions of our meetings due to potential conflicts of interest. Therefore, we have mutually decided that now is the right time for Eric to resign his position on Apple’s Board.”

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications. Apple is also spearheading the digital media revolution with its iPod portable music and video players and iTunes online store, and has entered the mobile phone market with its revolutionary iPhone.


Google’s Eric Schmidt tells grads: ‘Turn off your computer’

The head of the world’s most popular search engine urged college graduates on Monday to step away from the virtual world and make human connections. Speaking at the University of Pennsylvania’s commencement, Google chairman and CEO Eric Schmidt told about 6,000 graduates that they need to find out what is most important to them — by living analog for a while. “Turn off your computer. You’re actually going to have to turn off your phone and discover all that is human around us,” Schmidt said. “Nothing beats holding the hand of your grandchild as he walks his first steps.” – from AP


Eric Schmidt’s Carnegie Mellon University commencement address

Google’s Eric Schmidt delivers the commencement address at Carnegie Mellon University on May 17, 2009.


Google: We will make YouTube profitable

Mr Schmidt did not comment on recent rumours that the video-sharing website was set to make a $400 million loss this year. Instead, he emphasised that YouTube was a “profitable and successful business” that was a core part of Google’s business strategy. Google acquired the video site in 2006 for $1.6 billion.
“What we said is we believe YouTube will eventually be a successful and a profitable business and it will take some time to do it,” said Mr Schmidt told Google shareholders at a meeting. He said the company had monetised “hundreds of millions” of videos on the site through the use of contextual advertising, and had bolstered this by introducing “pre-rolls”, short adverts that automatically play before the main video clip people have come to the site to watch. – from Telegraph


Google CEO says he expects more government scrutiny

Google Inc Chief Executive Eric Schmidt said he expects more regulatory scrutiny from around the world and the company is paying more attention to the way it approaches certain business issues as a result of the attention. But Schmidt told reporters it had not crossed his mind to recuse himself from the board of Apple Inc, even as the U.S. Federal Trade Commission looks into whether the ties between the two companies violate antitrust laws. “What is changed is that we are more careful about when and how we do things which are going to raise concerns of any party,” Schmidt told a room of journalists at the company’s Mountain View, California headquarters ahead of its annual shareholder meeting on Thursday.

“But it hasn’t prevented us from doing them,” Schmidt added. – from Reuters


Google Dismisses Antitrust Concerns Over Ties to Apple

Google executives acknowledged Thursday that the Federal Trade Commission is inquiring about the antitrust implications of the ties between the Google and Apple boards. But they said they do not believe that the fact that Apple and Google share two directors — Eric Schmidt, the chief executive of Google, and Arthur Levinson, the former chief executive of Genentech — is a problem.

“From my perspective, I don’t think Google sees Apple as a primary competitor,” Mr. Schmidt said during a meeting with reporters ahead of the company’s annual meeting of shareholders. Mr. Schmidt said if there were areas of competition between the two, he would recuse himself from discussions. He added that it was well known that he typically recuses himself from Apple board discussions related to the Apple iPhone. – from NYtimes


A new, smarter Google News?

Google News users can expect further news delivery enhancements before the end of the year. According to a report in a Hollywood-centric blog called The Wrap, Google CEO Eric Schmidt said the company plans to roll out in about six months a personalized service to deliver news to users. Google didn’t immediately respond to a request for further details. Really, the speed at which Google News stories become available is dependent upon the frequency that google_girlGoogle reindexes news source sites, a period that varies based on the site’s typical publishing frequency. However, Google’s opening of a Twitter channel should be seen as a continuation of the company’s interest in rapid and broad information delivery. If Google doesn’t acquire Twitter, it almost certainly will bring Twitter-like instant communication capabilities to more of its services. – from InformationWeek

Google does have plans for a solution. In about six months, the company will roll out a system that will bring high-quality news content to users without them actively looking for it. Under this latest iteration of advanced search, users will be automatically served the kind of news that interests them just by calling up Google’s page. The latest algorithms apply ever more sophisticated filtering – based on search words, user choices, purchases, a whole host of cues – to determine what the reader is looking for without knowing they’re looking for it. And on this basis, Google believes it will be able to sell premium ads against premium content. The first two news organizations to get this treatment, Schmidt said, will be the New York Times and the Washington Post. – from The Wrap

Beyond that, what shape would this sort of news platform would take, and what influence might it have on the media landscape? One of the most salient points Waxman makes — that she says Schmidt confirmed — is that Google would use this new, highly-targeted news platform to “sell premium ads against premium content,” and that the newspapers included in the system would not get a cut of the revenue. That being said, the system would also drive more traffic to newspapers’ online properties and allow them to hike their ad rates as well. – from VentureBeat


Google tells newspapers: ‘Innovate to survive’

ericschmidt
Eric Schmidt, chief executive of Google, has told the newspaper industry it needs to innovate in order to survive the digital age. Speaking to an audience at the Newspaper Association of America’s annual meeting, he said that newspapers remained a fundamental part of modern life, and that the key for their future growth would be finding a way to adapt to the challenges and opportunities presented by new technologies, such as mobile phones. Schmidt said that one of the fundamental reasons for problems within the industry had been newspapers’ failure to meet readers’ wishes and embrace new digital platforms. “I would encourage everybody: think in terms of what your reader wants,” he said. “These are ultimately consumer businesses and if you p*** off enough of them, you will not have any more.” – from Telegraph

The Associated Press (AP) recently issued a press release announcing plans to develop an initiative to “protect” the newspaper industry’s content online. Since then, some readers, users and journalists have asked us if the AP’s plan is about Google since we host complete AP articles. The answer is that it doesn’t appear to pertain to Google since we host those articles in partnership with the AP. We announced that partnership in 2007 as part of an experiment in hosting articles on our site. In hosting agreements such as this, we pay news agencies and display the entire text of articles, such as this one from the AP about President Obama’s visit to Turkey. We drive traffic and provide advertising in support of all business models — whether news sources choose to host their articles with us or on their own sites, and whether their business model is ad-supported or based on subscriptions. In all cases, for news articles we’ve crawled and indexed but do not host, we show users just enough to make them want to read more — the headline, a “snippet” of a line or two of text and a link back to to the news publisher’s website. – from Google

“Google indicates that they want to work with us,” said William Dean Singleton, the chief executive of MediaNews Group, which owns 54 dailies in 11 states. But “they haven’t been as cooperative as others, like Yahoo.” Mr. Singleton’s comments are not terribly surprising. Mr. Singleton helped put together a group of newspaper companies that signed a far-reaching agreement with Yahoo back in 2006. Since then, the Newspaper Consortium, as the group has become known, has grown, and its relationship with Yahoo has deepened. – from NYTimes

Google does not understand journalism. It just wants content that drives traffic. The cheapest, most derivative churnalism will do this, but original reporting does it better. So Google aggregates stories written by expensive, professional reporters and blithely overlooks how much these people cost to train, hire and deploy. The tiny pittances it remits to news organisations will not pay for a fraction of the political, business, foreign and investigative reporting we are accustomed to. But Google does not care. It imagines the fourth estate is a derelict development somewhere in fantasy land and that journalism is just another tradeable commodity. – from Guardian


Eric Schmidt at the WSJ ECO:nomics conference

Eric Schmidt speaks with Alan Murray of the Wall Street Journal at the WSJ ECO:nomics conference on March 4, 2009 in Santa Barbara.


Google’s Eric Schmidt Speaks

Eric Schmidt speaks at the Morgan Stanley Technology Conference on March 3, 2009 in San Francisco.


Google CEO Eric Schmidt Responds to Consumer Watchdog

Google CEO Eric Schmidt Responds to Consumer Watchdog’s questions about Google’s privacy problems and Consumer Watchdog’s demands for new protections.