Birth of Alphabet

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

https://www.youtube.com/watch?v=W_gvfOqODFo

Let Artificial Intelligence soar to new heights…

Advertisements

One thought on “Birth of Alphabet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s