AUGUST 10th, 2015
ALPHABET Inc IS BORN.
GOOGLE Inc will be wholly owned subsidiary of Alphabet Inc.
Alphabet would have Google plus other non internet related companies like Calico, XLAB, and other ventures like Life Sciences.
Larry Page will be CEO of Alphabet Inc and Sergey Brin will be the president.
CEO of Alphabet, Larry Page said apart from the restructuring – starting with Q4 results Alphabet Inc would start segment reporting wherein separate statements of Google’s financial performance. and the performance of other businesses of Alphabet Inc separately. The new restructuring aims to have the various businesses (that are not related) running independently with resource allocation being done by CEO Alphabet.
Publicly traded as Alphabet Inc, all Google shares would be converted to shares of Alphabet with the same rights.Both classes of shares will continue as GOOGL and GOOG at the NASDAQ.
GOOGLE has new CEO – Sundararajan Pichai who held the post of Vice President Products will be CEO of GOOGLE Inc.
Borni in Chennai, Tamil Nadu, India, Sundar Pichai is an IIT Kharghpur graduate went on to do MS from Stanford and MBA from Wharton.
Person who believes technology should be our servant- wants phone to scream out aloud if he is about to miss something important. Also wants phone not to disturb if the message coming in is less important than what he is working on.
From web posting by Larry Page regarding the name
For Sergey and me this is a very exciting new chapter in the life of Google-the birth of Alphabet. We liked the name Alphabet because it means a collection of letters that represent language, one of humanity’s most important innovations, and is the core of how we index with Google search! We also like that it means alpha-bet (Alpha is investment return above benchmark), which we strive for! I should add that we are not intending for this to be a big consumer brand with related products-the whole point is that Alphabet companies should have independence and develop their own brands.
quote from the web posting ends.
Link for Alphabets A-Z as seen using Google earth
Let Artificial Intelligence soar to new heights…