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Latest Eric Schmidt Stories

2009-11-18 13:30:00

Intel's Paul Otellini and Google's Eric Schmidt Also Join TechNet's Executive Committee PALO ALTO, Calif., Nov. 18 /PRNewswire-USNewswire/ -- TechNet, the bipartisan political network of CEOs that promotes the growth of the innovation economy, today announced that it will appoint Rey Ramsey as the organization's new President and Chief Executive Officer. TechNet also announced today that TechNet members Paul Otellini, President and CEO of Intel, and Eric Schmidt, Chairman and CEO of...

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2009-10-16 12:50:00

Google's chief executive on Thursday announced that the worst of the economic recession had passed. "Google had a strong quarter -- we saw seven percent year-over-year revenue growth despite the tough economic conditions," said Eric Schmidt. "While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future." Google reported a third quarter net profit of $1.64 billion, or...

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2009-10-13 14:05:00

Google's third-quarter results this week could show a recovery in revenue growth, pushing shares of the leading Web search engine to a 12-month high on Monday, Reuters reported. With the worst of the recession being over, Google is now setting up expectations for third-quarter net revenue to show a modest increase over the second quarter, according to Chief Executive Eric Schmidt. For the first time ever, Google's revenue fell in the first quarter from the prior period, and held steady in...

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2009-10-12 10:10:00

Google announced on Monday that Arthur Levinson had removed himself from their board after a rise in the examination of his membership as a head of both Google and Apple Inc. The retirement of Levinson, the former director of Genentech and a 5 year Google board member, follows the resigning of Google CEO Eric Schmidt two months ago. Google and Apple, frequently viewed as partners battling the Microsoft juggernaut, are competing against each other more and more over several issues, such as...

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2009-09-24 06:01:41

Now that the global economy appears to be on an upswing, Internet giant Google is prepared to resume its buying of companies, according to AFP. "Acquisitions are back on," chairman and chief executive Eric Schmidt told reporters on Wednesday following a pep talk of sorts to students and business leaders in Pittsburgh the night before the G20 summit of the world's largest economies. While no details were provided on what major companies Google has its eye on, during a talk hosted by the...

2009-08-03 14:36:00

SANTA MONICA, Calif., Aug. 3 /PRNewswire-USNewswire/ -- Genentech Board Chairman Arthur D. Levinson should quit as a director of either Internet giant Google or Apple to avoid antitrust violations, Consumer Watchdog said today, following the resignation of Eric Schmidt from the Apple board. The call from the nonprofit, nonpartisan consumer group came after the announcement that Google Chairman and Chief Executive Eric Schmidt, who held the same dual role, was stepping down from Apple's...

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2009-08-03 12:35:00

Apple announced Monday that Google chief executive Eric Schmidt is resigning from its board as the Internet search leader has increased the development of products that would compete directly with Apple, AFP reported. Apple's chief executive Steve Jobs wrote in a statement: "Eric has been an excellent board member for Apple, investing his valuable time, talent, passion and wisdom to help make Apple successful." However, he stated that Schmidt could not function effectively as an Apple board...

2009-08-03 07:30:00

CUPERTINO, Calif., Aug. 3 /PRNewswire-FirstCall/ -- Apple(R) today announced that Dr. Eric Schmidt, chief executive officer of Google, is resigning from Apple's Board of Directors, a position he has held since August 2006. "Eric has been an excellent Board member for Apple, investing his valuable time, talent, passion and wisdom to help make Apple successful," said Steve Jobs, Apple's CEO. "Unfortunately, as Google enters more of Apple's core businesses, with Android and now Chrome OS,...

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2009-07-25 13:45:59

Google's book scanning project is already facing anti-trust criticism and awaiting court approval, and now it has also raised concerns amongst privacy advocates and civil liberties groups. Eric Schmidt, Google's chief executive, said on Thursday the groups expressed "grave concern" that the Google Book Search project was "leaving the crucial component of reader privacy behind." "Increasing access to books is a very important mission that we strongly support, but readers must not be forced to...

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2009-07-10 15:41:23

Google Inc CEO Eric Schmidt said he plans to discuss the evolution of his role on Apple Inc's board of directors in light of Google's recent announcement to launch its own operating system. On Tuesday, Google announced plans to release its own OS in an "attempt to re-think what operating systems should be," the company said on its official blog. During the Allen & Co media technology conference on Thursday, Schmidt addressed concerns about how his role on Apple's board would change with...