GOOG has appreciated more than 400% since its IPO in 2004. Google CEO Eric Schmidt believes there is much more to come, soon; 'desktop software will be overtaken by internet-based services.' Schmidt imagines a bright future of applications via 'cloud computing.'
Schmidt has now taken pen to paper for “The Economist” in an aptly titled piece “Don’t bet against the Internet.” Schmidt’s soliloquy asks us to “just imagine” a future when a “new entrant” offers “free or better versions” of applications via “cloud computing.”
Schmidt concludes his pitch that “desktop software will be overtaken by internet-based services” by revealing:
We’re betting on the internet because we believe that there’s a bull market in imagination online.
Schmidt, apparently, believes the GOOG bull market has just begun.
Fellow ZDNet blogger Larry Dignan puts forth, however, “Is Eric Schmidt getting too cocky?”
Perhaps the Google trio has a plan to bring down Microsoft, but Silicon Valley executives have plenty of treadmarks from trying. Schmidt is right about cloud computing and a new paradigm, but it wouldn't it make more sense to wage guerilla warfare instead of a frontal assault?
Microsoft CEO Steve Ballmer is headed to the Big Apple next week to announce at the NASDAQ a "New Day For Business,” or, rather, a new day for Microsoft, to “mark the business availability” of Windows Vista and Office 2007.
Google’s “frontal assault” to Microsoft Office is Google Apps Enterprise Edition and Google is indeed waging warfare against Microsoft.
I asked Michael Lock, Director of North American Sales for Google Enterprise, for a projection of when Google will succeed in bringing “Death to the hierarchy,” but no specific date for an absolute demise of the "hierarchy" was provided.
A target time for a new day for Google Apps Enterprise Edition was offered, however: Q1 2007.