Mobile video and media are going to be a progressive part of the video-sharing sites’ development and spreading their database through the web. By the way, Google and Youtube jointly are walking at the head of a media team. Google turned its attention to mobile services, because it has a wireless phone in development. The reason is to develop the Blackberry-like device, which will be able to make Internet voice calls and support Google applications.
Mobile advertising and online video advertising are going to be two big areas of growth for Google in the next few years, says Google chief Eric Schmidt.
Speaking at the Morgan Stanley Technology Conference, Schmidt also said that it was “highly unlikely” that Google, which bought YouTube last year, would use its more than $11 billion in cash to pursue any large mergers.
He brushed aside a question about whether Google would ever be interested in buying top rival Yahoo! (Charts) by saying that it was too early for the online advertising market to be consolidating in such a major fashion.
Schmidt added that Google was not seeing any impact yet from the introduction of Yahoo’s new online search platform, Panama. Yahoo’s stock has surged this year on hopes that advertisers are flocking to the new system, which features improved search ranking technology that makes results for relevant for advertisers.
“The fact that there is a new and interesting advertising system does not mean it will affect us negatively. People don’t advertise on just one system,” he said.
Schmidt also addressed criticism of the company’s capital spending plans. Some investors have worried that Google is investing too much on new projects and services.
“If we spend more, we will in fact generate more traffic, more monetizable opportunities and more revenue. There is a direct relationship between our capital spending and our revenue and market share,” he said.
Verizon Wireless: Verizon launches live cell TV.
Technorati Tags: Google video, google phone, video, video-sharing sites
