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Sunday, 11/02/2014 3:29:56 PM

Sunday, November 02, 2014 3:29:56 PM

Post# of 70075
Article about GOOGLE BUYING OUT COMPANIES!

http://www.ft.com/intl/cms/s/2/3173f19e-5fbc-11e4-8c27-00144feabdc0.html#axzz3Htggu3GJ

"These are the sort of questions that occupy Larry Page. At 41, the co-founder and chief executive of Google is freeing himself up to think big. A reorganisation in recent days has shifted responsibility for much of his company’s current business to a lieutenant and left him with room to indulge his more ambitious urges. The message: the world’s most powerful internet company is ready to trade the cash from its search engine monopoly for a slice of the next century’s technological bonanza."

"Even Google’s famously far-reaching mission statement, to “organise the world’s information and make it universally accessible and useful”, is not big enough for what he now has in mind. The aim: to use the money that is spouting from its search advertising business to stake out positions in boom industries of the future, from biotech to robotics."

"Page finds himself at the helm of one of the world’s most powerful tech companies at a moment in history when the onrush of technological change is threatening to bring sweeping social and business disruption. Google’s goals are bigger than most – yet, even as it pours money into new ventures, the cash keeps piling up. It now exceeds $62 billion."

And last, but not least...

"SOUNDING NOT AT ALL LIKE THE IDEALISTIC YOUNG TECHNOLOGIST WHO ONCE SPOKE OF BRAIN IMPLANTS THAT WOULD ANSWER QUESTIONS BY THE POWER OF THOUGHT, he says: 'One thing we’re doing is providing long-term, patient capital.'"

P.S. YOU'RE ALL WELCOME!

- GuloGulo