p2pnet.net News:- Posting its first results as a publicly held company, Google says its third-quarter earnings and revenues have more than doubled from a year ago, riding on an “online advertising boom that continues to gather steam,” says the Boston Globe.

“While the company’s top managers discussed a range of new initiatives, from the launch of a desktop search feature to the opening of a European headquarters in Dublin, they stopped short of unveiling the kind of integrated strategy some Google watchers were anticipating,” says the report.

It’ll be interesting to see where Desktop Search ultimately goes. From a user perspective, it’s raising a lot of concern. But are these privacy issues overblown,” as Julian Bond suggests in a p2pnet post?

“The real problem with Google Desktop Search is that it doesn’t work.” he writes here. “In the sense that it effectively only indexes MS products and can’t work out that something is a text file unless it ends in .txt As a programmer I’ve got a huge number of text files with extensions like .php, .inc and so on. Even README. Google ignores all of them.

“But then this market wouldn’t even exist if Microsoft’s search in XP worked. It’s quite unbelievable the hoops you have to go though to find the buried settings that let it work properly.”

In the meanwhile, ”Until such time as they know what the whole house is going to look like, they’re not going to reveal the blueprint,” technology analyst David M. Garrity is quoted as saying, going on that Google’s valuation may be justified not simply by Internet advertising but by a larger computing strategy, and:

”Right now they’re still in the process of expanding into their potential end point, which is replacing Microsoft. I think their intention is to take our computing experience and make it more Web-centric rather than personal computer-centric.”

A Bloomberg News story has Google ceo Eric Schmidt saying Google plans to continue investing in developing new products, but:

“Its Web site won’t become a so-called portal like Yahoo or Microsoft Corp.’s MSN, with links to dozens of services from their home pages, he said. Google’s home page is dominated by its search engine, and other services that the company offers often aren’t promoted there.

“We do not have a portal approach,” Bloomberg quotes him as saying, adding:

“Google’s Web sites were used for about 36 percent of Internet searches in the U.S. in August, according to research firm ComScore Networks. Along with the main Google search engine, those include the Froogle online shopping service and other Web sites the company owns. Yahoo’s Web sites were used for 31 percent of searches and Microsoft Corp.’s MSN sites were used for 14 percent.”

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See:-

advertising boom – Google’s earnings more than double, Boston Globe, October 22, 2004

concern – Google Desktop Search, p2pnet, October 21, 2004

so-called portal – Google Shares Rise After Profit and Revenue More Than Double, Bloomberg News, October 22, 2004

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