Google execs talk about disappointing earnings | CNET

Google execs talk about disappointing earnings

Join CNET for live coverage as CEO Larry Page and other Google execs answer questions from analysts.

  • Roger Cheng 10/18/2012 9:33:51 PM
    Mobile until recently has been a relatively small percentage of spend for advertisers, he says. That's no longer the case, he added.
  • Paul Sloan 10/18/2012 9:34:01 PM
    Our ad system requires that brands
    spend time with mobile, says Page, and that spend will start to increase.
  • Roger Cheng 10/18/2012 9:34:09 PM
    Advertisers are making more of an effort to run mobile ads, which benefits Google.
  • Roger Cheng 10/18/2012 9:34:19 PM
    Page says he's not worried about mobile at all, and calls it an opportunity.
  • Paul Sloan 10/18/2012 9:34:32 PM
    Says Google in better position than most other companies.
  • Paul Sloan 10/18/2012 9:34:49 PM
    Page sounds like Zuckerberg in talking about mobile opportunity -- and clearly it's both an opportunity and a challenge for both.
  • Roger Cheng 10/18/2012 9:35:07 PM
    Pichette says travel in retail has been weak in Europe, which isn't a surprise.
  • Roger Cheng 10/18/2012 9:35:21 PM
    Pichette closing up, giving some props out to the Googlers.
  • Roger Cheng 10/18/2012 9:35:36 PM
    Page thanks everyone for listening and closes the call.
  • Paul Sloan 10/18/2012 9:35:40 PM
    Larry is closing with last words. Thanking all.
  • Roger Cheng 10/18/2012 9:35:50 PM
    And that's a wrap!
  • Paul Sloan 10/18/2012 9:35:57 PM
    Thanks all. The call is over.
  • Roger Cheng 10/18/2012 9:36:04 PM
    Thank YOU for listening in and following our live blog.
  • Paul Sloan 10/18/2012 9:36:24 PM
    Big question: what will the stock do tomorrow?
  • David Hamilton 10/18/2012 9:36:51 PM
    Have to say, from that call you could be forgiven for not knowing that earnings fell short or that the stock dropped 8% today.
  • Roger Cheng 10/18/2012 9:37:25 PM
    The Google team did their best to justify the company's third-quarter performance...sorta. They didn't really address the weakness too much.
  • David Hamilton 10/18/2012 9:37:55 PM
    And analysts didn't seem too worried about it, either.
  • Roger Cheng 10/18/2012 9:38:02 PM
    And on concerns about the transition to mobile, Page says we're asking the wrong question. He believes in a ubiquitous experience where Google will be able to seamlessly serve ads.
  • Paul Sloan 10/18/2012 9:38:04 PM
    They didn't talk in specifics about future, though.
  • Paul Sloan 10/18/2012 9:38:51 PM
    Thanks again.
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