Eric Schmidt "Mobile Is the New DVD"posted by MR WAVETHEORY at 4/18/2007 01:09:00 PM
That's an interesting comment both because the mobile environment is hard to monetize today for portals and also because the carriers have a tight vise around their customers. Donna Bogatin over at ZDNET has a nice post about it and she calls it Google's $19 billion problem. Putting on my VC hat, I think this could turn into someone's $19 billion opportunity!
Google is known to buy things that have potential and I would not be surprised if they pick a nice tuck in acquisition in the mobile advertising space. With such a large market cap ... and I gasp every time I think about it ... I would be buying everything in sight if I were CEO. After all, Yahoo! Inc (Nasdaq YHOO) is having a truly tough time now and there is no better time to pounce on a competitor than when they are down. There's only one word to describe the earnings results from Yahoo yesterday: "dismal." The one word to describe Google: "stellar."