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Google shares fall after disappointing earnings :: CHICAGO SUN-TIMES :: Earnings (Science/Technology, 4 articles)
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A relatively small number of places - all in wealthy countries or in China and India - create nearly every important technological advance. Mr. Mworia's desire to develop an application for the iPhone is not unusual: many designers around the world are writing programs for the device. His location posed some daunting obstacles: the iPhone doesn't work in Nairobi, and Mr. Mworia doesn't even own one. SAN FRANCISCO Google Inc. shares tumbled more than 8 percent in early trading Friday after the Internet search leader's second-quarter earnings missed analysts' expectations. Management said economic turmoil in the United States and parts of Europe appears to be causing consumers to click less frequently on the ads that generate virtually all its profits. That unnerved already jittery investors, although Google managers said they expect the Mountain View-based company will thrive even if the economy weakens further. The red flags raised after the bell Thursday included a dramatic slowdown in the company's hiring pace and Google Chairman Eric Schmidt's description of the economy as " challenging. Google's chief economist , Hal Varian, even participated in the company's conference call for the first time to discuss business conditions.
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Other stories about Google, YouTube and Internet:
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Facebook Unveils Next Evolution of Site Design Users Given the Choice to Preview New Features, Functions and Feeds (Science/Technology, 4 articles)
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Not one exception? No. The young women in head scarves who patiently explain what can or cannot be done on Friday according to Islam? Absolutely. Ahmad Belal, a 23-year-old medical student who came to the conference from Cairo, about 140 miles away, is one of those particularly enthusiastic users with hundreds of friends. Central to the redesign, to be unveiled Monday, is an expanded Wall, the section of a member's personal profile page where friends can leave comments and photos.
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blaster@cs.columbia.edu
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