Larry Page will take over on April 4th, Schmidt will remain as Chairman of the Board.
As part of its earnings report today, Google announced that CEO Eric Schmidt would resign his role as Chief Executive to focus on his Chairman role.
Larry Page will take over as CEO while Sergey Brin's title will change to Co-Founder.
In a post on the company blog, Schmidt laid out the new arrangement:
Larry will now lead product development and technology strategy, MORE
Seth Weintraub - Jan 20, 2011 4:13 PM ET
To one professional Google watcher, the Google ITA deal draws lots of parallels to the attempt by Microsoft to buy personal finance software company Intuit in 1995. And it should be dealt with the same way: blocked.
Scott Cleland writes in his Precursor blog some interesting parallels between Google (GOOG) and Microsoft (MSFT) and their attempts to enter and dominate new markets by acquisition.
Microsoft in 1995 attempted to buy Intuit which makes the popular MORE
Seth Weintraub - Jan 20, 2011 3:15 PM ET
The group texting app is cool, but even the founders know it's less about the SMS and more about the power of groups.
By Daniel Roberts, reporter
GroupMe on mobile devices
If you've ever wanted to text a group of people all at once, you suddenly have a host of services to choose from. Apps that allow you to create a text message group have erupted in recent months, and venture capitalists MORE
Jan 20, 2011 2:31 PM ET
El Vendor!
Here's an amusing little ad campaign put together by Director Greg Bell and Editor Julie Drazen which doesn't appear to be sponsored or sanctioned by Google (GOOG). Open Source?
To see what happens, head south.
Seth Weintraub - Jan 20, 2011 11:27 AM ET
A curated selection of the day's most newsworthy tech stories from all over the Web.
Yesterday, Living Social sold more than 1.1 million $20 Amazon gift certificates for $10 each, earning the daily deals site more than $11,000,000 in sales in less than 24 hours. (LivingSocial) The Nintendo 3DS handheld will go on sale in the U.S. on March 27 for $249, right in line with some analyst predictions. As Fortune reported MORE JP Mangalindan, Writer-Reporter - Jan 20, 2011 8:58 AM ET
In the flood of commentary after Jobs announced his sick leave, some contrarian opinions
Photo: Tony Avelar/Bloomberg
There's been no shortage of analysis -- including ours -- in the three days since Apple (AAPL) revealed that its co-founder was taking an open-ended medical leave.
Conventional wisdom has it that the company's existing product lines are in good hands, but that Jobs will be sorely missed when it comes time to invent the MORE
Philip Elmer-DeWitt - Jan 20, 2011 7:59 AM ET
The year-over-year growth rates of the company's product lines in a color-coded scorecard
Source: Asymco
How did a Romanian blogger named Horace Dediu manage to predict Apple's (AAPL) quarterly results over the past three quarters more accurately than anybody else in the business?
The secret is in the spreadsheet above, posted on his Asymco website Thursday morning.
What Dediu does, as he will patiently explain to anyone who asks, is carefully monitor the MORE
Philip Elmer-DeWitt - Jan 20, 2011 7:03 AM ET
In at least one study, Android users said they would stick with their platform more than any other platform vendor, including Apple's iPhone.
Although Apple's (AAPL) iPhone users are more loyal to their current phone a few more are likely to stray from the platform in the long run. According to a study by Finland-based Zokem, 'only' 85% of iPhone users plan to buy another iPhone. Surprisingly, a bigger 89% of MORE
Seth Weintraub - Jan 20, 2011 2:09 AM ET
Google's Voice services are set to go mainstream in 2011.
Google (GOOG) is testing number portability on Google Voice (update: it was just taken down) which allows users to move their primary phone number to Google and then forward to a new number assigned by their carrier. I did this a few months ago at the invitation of Google and haven't looked back. I can now forward my calls to my landline, MORE
Seth Weintraub - Jan 20, 2011 12:13 AM ET
Two lists by Daniel ("Deagol") Tello, a Venezuelan blogger who keeps track of such things
Source: Deagol's AAPL Model
The first, at right, shows the cumulative record of three-dozen Apple (AAPL) analysts -- both professional and amateur -- over the past four quarters.
The list looks a lot like the one we posted this morning, with the amateurs bunched at top and the pros -- including some of the biggest names on MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.24 | -0.06 | -0.82% |
| Ford Motor Co | 12.28 | -0.46 | -3.60% |
| Frontier Communicati... | 4.24 | -0.23 | -5.26% |
| Juniper Networks Inc... | 21.57 | -0.80 | -3.58% |
| Cisco Systems Inc | 19.58 | -0.25 | -1.26% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,666.89 | -67.74 | -0.53% |
| Nasdaq | 2,813.64 | 8.36 | 0.30% |
| S&P 500 | 1,315.93 | -2.50 | -0.19% |
| Treasuries | 1.92 | -0.01 | -0.73% |
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