Google Inc. ( and ) is a U.S. public corporation, first incorporated as a privately held corporation in September, 1998, that designs and manages a popular Internet search engine. The company employs approximately 6,800 employees and is based in Mountain View, California. Eric Schmidt, former chief executive officer of Novell, was named Google's CEO when co-founder Larry Page stepped down.
The name "Google" originated from a misspelling of "googol,"Koller, David. "Origin of the name, "Google." Stanford University. January, 2004.Hanley, Rachael. "From Googol to Google: Co-founder returns." The Stanford Daily. February 12, 2003. Retrieved on July 14, 2006. which refers to 10100 (a 1 followed by one-hundred zeros). Google has since become well known for its corporate culture and innovative, clean products, and has a major impact on online culture, and was recently added to both the Merriam Webster Collegiate Dictionary and the Oxford English Dictionary in July, 2006, as a verb meaning, "to use the Google search engine to obtain information on the Internet."Harris, Scott D. "Dictionary adds verb: to google." San Jose Mercury News. July 7, 2006. Retrieved on July 7, 2006.Bylund, Anders. "To Google or Not to Google." The Motley Fool via MSNBC. July 5, 2006. Retrieved on July 7, 2006. With the increase of business in China, Google announced the Chinese name for its controversial self-censored site [http://en.wikipedia.org/wiki/Google#Controversies 谷歌 (pinyin: gǔ gē), which literally means "Song of the Valley" with 谷 (gǔ) standing for 'Valley' and 歌 (gē) for 'Song' on April 12, 2006.
Google's services are run on several server farms, each consisting of thousands of low-cost commodity computers running stripped-down versions of Linux. While the company does not provide detailed information about its hardware, a 2006 estimate consisted of over 450,000 servers, racked up in clusters located in data centers around the world (See Google platform for more details on their technology).Carr, David F. "How Google Works." Baseline Magazine. July 6, 2006. Retrieved on July 10, 2006. According to the Nielsen cabinet, Google is the first search engine on the web with a 54% market share, ahead of Yahoo! (23%) and MSN (13%). It registers about a billion requests per day, which it records with no time-limit "to improve its search engines."
Convinced that the pages with the most links to them from other highly relevant web pages must be the most relevant pages associated with the search, Page and Brin tested their thesis as part of their studies, and laid the foundation for their search engine. Originally the search engine used the Stanford University website with the domain google.stanford.edu. The domain google.com was registered on September 15, 1997, and the company was incorporated as Google Inc. on September 7, 1998 at a friend's garage in Menlo Park, California. The total initial investment raised for the new company eventually amounted to almost US$1 million, including a $100,000 check by Andy Bechtolsheim, one of the founders of Sun Microsystems.Google. "Google Milestones." Accessed 2006-07-12
In March, 1999, the company moved into offices at 165 University Avenue in Palo Alto, home to several other noted Silicon Valley technology startups. After quickly outgrowing two other sites, the company settled into their current home in a complex of buildings in Mountain View at 1600 Amphitheatre Parkway, in 2003. Silicon Graphics leased these buildings to Google.
The Google search engine attracted a loyal following among the growing number of Internet users. They were attracted to its simple, uncluttered, clean design — a competitive advantage to attract users who did not wish to enter searches on web pages filled with visual distractions. This appearance, while imitating the early AltaVista, had behind it Google's unique search capabilities. In 2000 Google began selling advertisements associated with the search keyword to produce enhanced search results for the user. This strategy was important for increasing advertising revenue, which is based upon the number of hits users make upon ads. The ads were text-based in order to maintain an uncluttered page design and to maximize page loading speed. Keywords were sold based on a combination of price bid and clickthroughs, with bidding starting at $.05 per click. This model of selling keyword advertising was originally pioneered by Goto.com (later renamed Overture, then Yahoo! Search Marketing).Yahoo! Search Marketing Website. While many of its dot-com rivals failed in the new Internet marketplace, Google quietly rose in stature while generating revenue.
describing Google's ranking mechanism (PageRank) was granted on September 4 2001. The patent was officially assigned to Stanford University and lists Lawrence Page as the inventor.
Click fraud has also become a growing problem for Google's business strategy. Google's CFO George Reyes said in a December 2004 investor conference that "something has to be done about this really, really quickly, because I think, potentially, it threatens our business model."Crawford, Krysten. "Google CFO: Fraud a big threat." CNN. December 2, 2004. Some have suggested that Google is not doing enough to combat click fraud. Jessie Stricchiola, president of Alchemist Media, called Google, "the most stubborn and the least willing to cooperate with advertisers," when it comes to click fraud.
While the company's primary market is in the web content arena, Google has also recently begun to experiment with other markets, such as radio and print publications. On January 17, 2006, Google announced that it had purchased the radio advertising company dMarc, which provides an automated system that allows companies to advertise on the radio.Levingston, Steven. "Google Buys Company To Expand Into Radio." Washington Post. January 18, 2006. This will allow Google to combine two niche advertising media -- the Internet and radio -- with Google's ability to laser-focus on the tastes of consumers. Google has also begun an experiment in selling advertisements from its advertisers in offline newspapers and magazines, with select advertisements in the Chicago Sun-Times.Gonsalves, Anton. "Google Confirms Testing Ads in Sun-Times Newspaper." Information Week. " January 10, 2006. They have been filling unsold space in the newspaper that would have normally been used for in-house advertisements. The company has also created other engines, such as Google Earth and Froogle.
Google was added to the Standard & Poor's 500 index (S&P 500) on March 31, 2006. Google replaced Burlington Resources, a major oil producer based in Houston which was acquired by ConocoPhillips.
Google's core business model revolves around its internet search engine, which also includes a tool to search for images, news stories, and peer-reviewed, academic publications. Froogle is a similar search engine that is geared towards searching online shopping websites for products based on price. Google Groups is a service that lets users search the complete archive of Usenet newsgroups, as well as hosting mailing lists and other discussion groups. In early 2006, the company also launched Google Video, which not only allows users to search and view freely available videos, but also offers various media publishers to offer their content for a fee, including television shows on CBS, NBA basketball games, and music videos. Videos offered via this service are protected using Google's own Digital rights management system.
Google Maps, also known as Google Local, provides road maps for the United States, Canada, the U.K., Ireland, and Japan. Medium-resolution satellite images are also available for the entire globe, and sister projects Google Moon and Google Mars provide satellite imagery of the Moon and Mars, respectively.
In 2004, Google and Keyhole provided Google Earth, a downloadable program that allows the user to zoom into nearly any spot on the earth, close enough to make out cars, and in some cases, people. The technology comes with hundreds of add-ons, like "Crime rate", to see the crime rate of the city you are zoomed in on, or "3D buildings", to create 3D models of the towers and buildings of larger cities. There are three available versions, "free edition", "plus", and "pro". Pro, having the most features and advantages.
In 2004, Google launched its own free web-based email service, known as Gmail. Gmail features improved spam filtering technology, combined with the capability to use Google search technology on individual email messages. Gmail shook up the free, web-based email market by initially offering 1 GB of email storage, prompting competitors Yahoo! and Hotmail to increase their storage quotas considerably. Google has since expanded Gmail's mail quota (and continues to expand it); as of April, 2006, the quota was over 2.7 GB. The service generates revenue by displaying advertisements from the AdWords service that are tailored to the content of the email messages displayed on screen. This feature has proven controversial, with some privacy advocates expressing concern that the company was reading individual emails. Google maintains, however, that the process is fully automated and that no humans read the content of users' messages.
Google also branched into the instant messaging arena in August of 2005 by introducing Google Talk, a Jabber-based instant messaging service. Since February, 2006, Google Talk has been integrated with Gmail, allowing users to send instant messages directly from their email service, as well as to save and archive messages.
Google Desktop is a service that brings the search engine to the local computer desktop, allowing one to search individual files, folders, and emails that reside locally on one's own PC.
March 2006 saw the dawn of Google Page Creator, an easy to use, WYSIWYG webpage creator. The domains are currently limited only to individuals with a Gmail account, the users individual pages reside at http://username.googlepages.com
In April 2006, Google launched Google Calendar, a shared calendar application.
After the company's IPO in August 2004, it was reported that Founders Sergey Brin and Larry Page, as well as CEO Eric Schmidt, have accepted a base salary of $1.00. They have all declined recent offers of bonuses and increases in compensation by Google's board of directors. In a 2006 report of the world's richest people, Forbes reported that Sergey Brin was #26 with a net worth of $12.9 Billion, and Larry Page was #27 with a net worth of $12.8 Billion.Kroll, Luisa; Fass, Allison. "The World's Billionaires." Forbes. March 9, 2006.
As Google grows, many analysts are finding that the company is becoming more "corporate". In 2005, articles in The New York Times and other sources began suggesting that Google had lost its anti-corporate, no evil philosophy.Rivlin, Gary. "Relax, Bill Gates; It's Google's Turn as the Villain." New York Times. August 24, 2005.Gibson, Owen; Wray, Richard. "Search giant may outgrow its fans." The Sydney Morning Herald. August 25, 2005.
Time Warner's AOL unit and Google unveiled an expanded partnership on December 21, 2005, including an enhanced global advertising partnership and a States Dollar|$" target="_blank" >*1 Billion investment by Google for a 5% stake in AOL.Rosenbush, Steve. "AOL-Google: Who Gets What?" BusinessWeek. December 21, 2005. As part of the collaboration, Google plans to work with AOL on video search and offer AOL's premium-video service within Google Video. This will allow users of Google Video to search for AOL's premium-video services. Display advertising throughout the Google network will also increase.
Additionally, Google has also recently formed a partnership with Sun Microsystems to help share and distribute each other's technologies. As part of the partnership Google will hire employees to help the open source office program OpenOffice.org.Brown, James. "Sun partners with Google." vnunet.com. October 5, 2005.
Google | Companies listed on NASDAQ | Fortune 1000 | Internet search engines | Neologisms | Webby Awards winners | Companies based in California | 1998 establishments
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