Digital Edition
Did you read today's front page stories & breaking news?
Most Read This Week By Kevin Hoffman Reads: 15,284 | By Walter Pinson Reads: 6,502 | By Kevin Jackson Reads: 5,531 | By Al Mannarino Reads: 5,528 | By Jeremy Geelan Reads: 5,010 | By Aditya Banerjee Reads: 3,970 | By Walter Pinson Reads: 3,949 | By Carmen Gonzalez Reads: 3,655 | By Ernest de Leon Reads: 3,484 | By Cloud News Desk Reads: 3,421 |
|
i-Technology News Schmidt Says Google Not Copying PayPal
Remarks Come in Wake of Speculation from Conference
Jun. 22, 2005 01:00 PM
Recent remarks by Scot Wingo, chief executive of ChannelAdvisor, a
Morrisville, N.C. e-commerce consulting firm, at a financial conference indicated that he thought Google would be launching
against PayPal later this year.
http://webservices.sys-con.com/read/101680.htm
Now Google CEO Eric Schmidt has denied this intention in a sort of non-denial fashion, stating that Google does "not intend to offer a person-to-person, stored-value payments system." He did say that the company is developing "payment services (that) are a natural evolution of Google's existing online products and advertising programs."
Google has created a subsidiary named Google Payment Corp. One analyst said he believes Google will develop a service to complment its Froogle shopping-comparison service, rather than develop something that could potentially compete with eBay's PayPal across the board for the growing e-transaction business.
Google reported spectacular growth and profits recently, yet is highly dependent on online advertising. eBay, on the other hand, has shown recent signs of an abatement in its spectacular growth, and may appear vulnerable to investors if one of its core services, such as PayPal, were directly attacked by a powerful competitor. PayPal has 72 million account holders. It was acquired by eBay for over $1 billion in 2002.
Google CEO Eric Schmidt
About ITSG News DeskITSG News Desk trawls the world's news sources for stories and updates on IT solutions that deliver ROI by reducing costs and/or cutting time-to-market, as well as other products and services that can produce bottom-line gains for enterprises.
Reader Feedback: Page 1 of 1
Subscribe to the World's Most Powerful Newsletters
|
Today's Top Reads  | By Walter Pinson Reads: 6,502 | | By Jeremy Geelan Reads: 5,010 | | By Walter Pinson Reads: 3,949 | | By Carmen Gonzalez Reads: 2,001 | | By Virtualization News Reads: 1,865 | | By Dana Gardner Reads: 1,452 | | By Loraine Antrim Reads: 1,426 | | By Steve Hanna Reads: 1,401 | | By Liz McMillan Reads: 1,255 | | By Maureen O'Gara Reads: 1,176 |
Hot Discussions of The Week  | By Walter Pinson My colleague, Peter Palmieri, just penned a blog post about Microsoft’s recent announcement that the... Dec. 5, 2009 11:30 PM EST Reads: 3,949 | By Maureen O'Gara EMC has cut its 2009 guidance because it’s going to take a $100 million to restructure its internati... Dec. 5, 2009 03:45 PM EST Reads: 513 | By Maureen O'Gara Despite its uncertain fate Sun soldiers on. Monday it trotted out a cloud-based multiplatform deskto... Dec. 5, 2009 03:45 PM EST Reads: 739 | By Maureen O'Gara While Microsoft is webifying bits and pieces of its client/server Dynamics ERP solution, it ain't go... Dec. 5, 2009 03:00 PM EST Reads: 1,176 | By Greg Schulz Given the time, money as well as effort IBM has poured into promoting and generating awareness aroun... Dec. 5, 2009 03:00 PM EST Reads: 995 | By Maureen O'Gara Broadcom is paying $178 million and mostly cash for nine-year-old privately held Israeli-based Dune ... Dec. 5, 2009 02:30 PM EST Reads: 514 | By Maureen O'Gara IBM says it’s been hired to build an e-government cloud for Saigon, now Ho Chi Minh City, the one-ti... Dec. 5, 2009 02:00 PM EST Reads: 1,078 | By JP Morgenthal This past weekend I set out explore some of the extension capabilities of Google Wave. One of the we... Dec. 5, 2009 01:30 PM EST Reads: 702 | By Liz McMillan This coming Tuesday, December 8, at 2:00PM EST, SYS-CON.TV will be broadcasting live from its 4th-fl... Dec. 5, 2009 01:03 PM EST Reads: 887 | By CRM News Desk SugarCRM, the world’s leading provider of open source customer relationship management (CRM) softwa... Dec. 4, 2009 05:15 PM EST Reads: 614 | By Ardath Albee There's a lot of talk about how we need to focus on our buyers' issues and provide them educational ... Dec. 4, 2009 04:45 PM EST Reads: 373 | By Carmen Gonzalez SYS-CON Events announced today that the "show prospectus" for the 5th International Cloud Computing ... Dec. 4, 2009 04:30 PM EST Reads: 2,001 | By Liz McMillan SYS-CON Events announced today that the "Diamond" and "Platinum" sponsorship opportunities for the u... Dec. 4, 2009 04:30 PM EST Reads: 716 | By Hovhannes Avoyan More good news for cloud computing! Google last week released its once mysterious Chrome Operating S... Dec. 4, 2009 04:15 PM EST Reads: 866 | By Nadezhda Lukyanova In CloudBerry Lab we are striving to make our customer service better. In this competitive market wi... Dec. 4, 2009 03:45 PM EST Reads: 367 | By Mike Sweeney We talk a lot about social media on Marketing Trenches. And for good reason – Social media seems to... Dec. 4, 2009 03:15 PM EST Reads: 455 | By Maureen O'Gara Intel has put out its promised beta SDK for Windows (C and C++) and Moblin (C) developers working on... Dec. 4, 2009 02:45 PM EST Reads: 273 | By Maureen O'Gara InformationWeek stumbled on a Microsoft patent application dating back to 2006 deceptively titled “M... Dec. 4, 2009 02:45 PM EST Reads: 391 | By Maureen O'Gara Berlin-based ThinPrint AG, the printer virtualization house, thinks it’s got a cloud solution for th... Dec. 4, 2009 02:30 PM EST Reads: 394 | By Maureen O'Gara IBM has acquired Guardium, a seven-year-old subsidiary of Israel’s Log-On Software transplanted to M... Dec. 4, 2009 02:15 PM EST Reads: 280 |
|
About Newsfeeds / Video Feeds
.gif)