Larry Page

Larry Page is an American computer scientist and Internet entrepreneur who, with Sergey Brin, is best known as the co-founder of Google. After raising $1 million from family, friends and other investors, the pair launched the company in 1998. Google has since become the world's most popular search engine, receiving more than 200 million queries each day. On April 4, 2011, he took on the role of chief executive officer of Google, replacing Eric Schmidt. Page studied at Stanford University. He was born on March 26, 1973 in East Lansing, Michigan.

Takafumi Horie’s comeback: Up, up and away

Heading back into orbit IN 2005 Takafumi Horie, then president of Livedoor, an internet firm, joined the X PRIZE Foundation, a charity which gives cash for innovative projects such as space tourism. Joining forces with the likes of Larry Page and Elon Musk, co-founders of Google and PayPal respectively, was a typically bold move by the self-styled boy billionaire from Fukuoka.Instead of going into orbit, however, Mr Horie went behind bars. He was arrested in Japan’s biggest financial scandal of the decade. Now, however, he is out on parole, and says he will soon launch a low-cost space-tourism business using a Russian capsule. He has completed several test launches. A large Japanese firm is on the verge of sponsoring a flight next year, he says. Other investors, he claims, are standing by.This time the money will come not from inflating the earnings and shares of Livedoor, for which Mr Horie was sent down, but from a dedicated following of 20- and 30-somethings who pay to hear his thoughts via a monthly digital magazine. He has almost a million followers on Twitter. Social media and crowdfunding platforms, he says, make it far...

Source: www.economist.com | Date: 2nd September 2013 Read more

Tech firms and their founders: Monarchs versus managers

THE epic struggle between two billionaires over the future of Dell has gone to another round. Michael Dell, the ailing computer-maker’s founder and biggest shareholder, has now been forced twice to postpone a vote on his proposal to buy out the firm and take it off the stockmarket, for fear that the deal’s critics, led by Carl Icahn, a veteran shareholder activist, may have enough support to scupper the plan.

Source: www.economist.com | Date: 12th August 2013 Read more

Google and Microsoft earnings fall short of expectations

Google earns $3.2 billion, up 16% from a year earlier. Microsoft swings to a profit of $4.97 billion, but takes a $900-million write-down on its Surface tablet.SAN FRANCISCO — Google Inc., the world's most valuable Internet company, and Microsoft Corp., the world's largest software company, each disappointed investors with financial performances that fell short of Wall Street expectations.    

Source: www.latimes.com | Date: 19th July 2013 Read more

Google boss calls for a 'rational and predictable international tax system'

Eric Schmidt rejects Ed Miliband's criticisms of tax affairs, saying firm fears being 'double or quadruple taxed' under any changesThe Google chairman, Eric Schmidt, has told political leaders to sort out a rational and predictable international tax system, as he faced a wave of criticism over the firm's failure to pay more tax.Ed Miliband attempted to deliver his rebuke direct to Schmidt when invited to speak at the Google Big Tent conference, although the US executive missed the Labour leader's address on Wednesday, saying he had to attend a meeting in London.Nick Clegg disclosed at a press conference he had also criticised Google at a Downing Street meeting earlier in the week at which Schmidt was present. David Cameron's aides, after earlier denying the prime minister rounded on Schmidt at that meeting, later briefed that Google had been implicitly rebuked in the context of the prime minister's general call for greater tax transparency as part of his agenda for the G8 summit next month.Speaking at the annual Big Tent event after Miliband had left, Schmidt said one of his key concerns about changes to the tax structure was that Google might be "doubly or quadruply taxed".Asked by Labour MP Stella Creasy how he would reform the tax system, he suggested: "Have a rational system that's predictable and doesn't change very much."Virtually all the American companies have tax structures like this, and UK companies operating in the US do too. But if we pay more taxes in one area, then we pay less in another."Google feels very, very strongly that tax information, tax policy should be done openly. I don't think companies should decide tax policy, governments should ... we're in a very long-standing tax regime ... we need to have a conversation about this, we're not trying to do the wrong thing, we're trying to do the right thing."We don't want to be in a situation where we get double or quadruple taxed."Asked how he would cope if Miliband were to come to power and, as promised, stop transfer pricing, Schmidt said: "If he does – if he does so, we will follow the rules." Transfer pricing involves firms shifting profits between countries.Schmidt also said Google would continue to invest in the UK, no matter what tax regime was in place: "We love you guys too much. We will continue investing in the UK no matter what."He rebuffed Miliband's suggestion there was a distinction between the letter and the spirit of the law. "You'll have to define the difference," he said to a barrister who challenged him to say whether Google would comply with the "spirit" of the tax laws, which might then lead to it being taxed more. "We're governed by US securities laws – in that scenario it might be seen as incompetence," added Schmidt.Earlier Miliband told the meeting of the firm's staff that he was "disappointed" it had paid £6m in corporation tax on UK sales worth £3.2bn in 2011. Most of Google's profits are routed through Ireland. Miliband said the US company's employees expected it to do the "right thing", as its motto was "Don't be evil."He said: "I can't be the only person who feels deeply disappointed that a great company like Google, with great founding principles, should be reduced to arguing that when it employs thousands of people in Britain, makes billions of pounds in revenue in Britain, it is fair that it should pay just a fraction of 1% of that in tax."So when Google does great things, I will praise you ... But when Google goes to extraordinary lengths to avoid paying its taxes, I say it's wrong."Labour rejected Schmidt's explanation, saying Google has been making sales to UK customers from its UK staff, but pretending the transactions were being made from Ireland so the firm could register the profits as made in Ireland rather than the UK.Booking those sales in the UK would not mean taxing profits twice – just taxing them in the UK, not Ireland.Even after profits were shifted to Ireland, Google avoids paying 12.5% corporation tax there by switching the surpluses to tax havens such as Bermuda, according to a Reuters investigation.This is done by using two Irish firms, (hence the name, "double Irish") one a tax resident in Bermuda and owning the intellectual property of the company. The offshore firm then charges the onshore one royalties, which shifts the profits out of Ireland and into Bermuda.By doing so Google would not be taxed on the same profits in different countries; it is shifting profits between tax jurisdictions to avoid paying tax.Clegg told a press conference in London on Wednesday morning: "My overall approach to tax is the obvious one. I put this directly to Eric Schmidt from Google and other business leaders at a meeting in Downing Street a couple of days ago."We are bringing the tax burden on corporations down by lowering the rate of corporation tax but in return people have to pay their fair share."He said tax havens were symptoms of the growing pains of globalisation. "You have got tax systems that are national rooted in an old economy, and now we have got these new corporate goliaths that operate in this disembodied way particularly in the digital sector, that quite unsurprisingly think they can exploit the best deal for themselves in the cracks and crevices between the national tax systems."GoogleEric SchmidtCorporate governanceTax avoidanceEd MilibandNick CleggLabourPatrick WintourCharles Arthurguardian.co.uk © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds    

Source: www.guardian.co.uk | Date: 23rd May 2013 Read more

Google Play Music All Access: search giant launches rival to Spotify

Tech giant's new service, unveiled at Google I/O developer conference, will be available for $9.99 a month in USGoogle outstripped its arch-rival, Apple, with the launch of a subscription music streaming service on Wednesday while simultaneously mounting a threat to other providers such as Spotify.The service, labouring under the full name of Google Play Music All Access, was unveiled at Google I/O, the tech giant's annual developer conference in San Francisco, where delegates also heard about significant updates to its search and mapping services.Revealing the music service, Chris Yerga, Google's engineering director, said users would be able to stream from a vast library on any device, using the Android operating system. "This is radio without rules. It's as 'leanback' as you want to, or as interactive as you want to," said Yerga. Users will be able to search for an artist and add tracks to their library. A "listen now" feature will create a mix of favourite artists or genres based on previously listened-to songs.In the US, All Access will cost $9.99 a month after a 30-day free trial. Spotify Premium, a similar service, costs $9.99. Users who sign up by 30 June will get a reduced price of $7.99 per month. There was no immediate announcement of pricing in other territories. Google has signed licensing deals with music companies including Sony, Universal and Warner, and millions of songs will be available for the service, which will go live from Wednesday. The announcement comes as Apple considers its own music service. The tech giants have become increasingly interested in subscription services thanks to the popularity of Spotify, which has more than six million paying subscribers and more than 24 million active users in 28 countries.Geoff Taylor, chief executive of the UK-based BPI, which represents record labels, welcomed the announcement by Google. "Streaming is the fastest growing part of the £330m digital music sector in Britain," he said, "with more than a million paying subscribers already and millions more enjoying free and ad-supported music. The entry of a player with the reach of Google will persuade many more consumers to experience having millions of songs to play instantly on their phone, tablet or PC."Google's announcement was greeted with loud applause by developers in San Francisco, who began lining up to attend the sold-out Google I/O at 5am. Larry Page, the Google CEO, who has been suffering from a vocal-cords defect, made an unexpectedly long appearance at the conference, where he bemoaned the "negativity" which he believes is holding back the technology industry. The company revealed that more than 900 million devices using Android had now been activated, up from 400 million a year ago. Hugo Barra, vice-president of Android product management, said 48 billion Android apps had now been installed worldwide. The 900m figure does not include tens of millions of smartphones in China which also use Android's basic software – called "Android Open Source Platform" – but do not connect to Google's services, and so cannot contact its "activation" servers.Google unveiled new tools for developers including the ability to track people's physical activity when they are carrying an Android device, a move that will usher in a new generation of fitness applications.The company's search service also received an update. Saying "OK Google" to an Android device will now trigger a voice recognition system. Personal information like flight reservations, package deliveries and theatre bookings will be easier to find with the improved search service.Brian McClenden, Google's head of maps, said its mapping service had been rebuilt "from the ground up". Google Maps will pay greater attention to each individual's personal use of the maps, highlighting places they frequently visit and making suggestions for other venues. The maps will change as they are used. Clicking on a museum will highlight other museums in the area, and users' photos will also be displayed in the maps. The new functions will be rolled out in the coming months.GoogleAndroidInternetDigital music and audioCaliforniaSan FranciscoAppleSpotifyTechnology sectorDominic RusheCharles Arthurguardian.co.uk © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds    

Source: www.guardian.co.uk | Date: 16th May 2013 Read more

Google's recipe for excitement

Under CEO Larry Page, Google is grabbing attention by exploring technological frontiers, with projects such as creating a simulation of the human brain. MOUNTAIN VIEW, Calif. — Even though its ubiquitous Internet search engine practically mints money, Google Inc. was widely seen as a company whose best days were behind it.    

Source: www.latimes.com | Date: 14th May 2013 Read more

Could Apple buy Intel?

Such a bold move would get rid of Samsung as a supplier and solve Apple's cash problem – but it is not without difficultiesHalfway through the second quarter of the 2013 fiscal year, most of Apple's top execs meet at an undisclosed location (Eddy Cue's chair is empty – he's been called away to a Ferrari board meeting).

Source: www.guardian.co.uk | Date: 29th April 2013 Read more

Stop your snooping, European regulators tell Google

That Google likes to keep things simple is apparent from its spartan home page: a logo, a text box for search queries, two buttons to process queries, and an unobtrusive strip of links to the internet behemoth’s email, maps and other services along the top. Links along the bottom connect you to the company, and up in the top right-hand corner there’s a button to sign in to your Google account.

Source: www.independent.co.uk | Date: 4th April 2013 Read more

Google 'Most Attractive Empoyer' According to Youngsters in Europe

Swedish consulting firm Universum has concluded that the most attractive place to work for future economists is tech giant Google, thanks to the lassiz-faire leadership principles the company has adopted. With swimming pools and gyms nearby, paid maternity for five months and even sleeping pods for napping, Google continues to attract our attention in more ways than one.

Source: english.pravda.ru | Date: 6th March 2013 Read more