This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Will Larry Page Help or Hurt Google? Poll

NEW YORK ( TheStreet) -- With Google (GOOG) co-founder Larry Page taking over the role of CEO from Eric Schmidt this week, investors wait eagerly to see what changes are in store for the search giant -- and what the long-term implications for its stock are.

Page's main order of business, according to reports, is to run the Mountain View, Calif.-based Google less like a bureaucracy, and more like a start-up to speed up innovation.

Larry Page has replaced Eric Schmidt as Google's CEO.

Google has faced criticism that it operates too slowly and can no longer compete with nimble Silicon Valley companies like Facebook.

Page is also taking over as Google continues to intensify its search to diversify its revenue stream outside of its traditional search advertising business -- where it generates 90% of its revenue -- into areas like display advertising and mobile.

Page is likely to support this initiative, as well as other long-term projects like its effort to scan every book in the world and its experiments with driver-less car technology, The Wall Street Journal reported.

Some analysts said Page's new appointment will reinvigorate Google, whose stock price has barely moved in the last year. Shares of Google have increased just 2.99% over the past 12 months.

"We like the idea of Larry Page becoming CEO of Google given his passion for his company, respect within the engineering community and most important, his ability to relate to entrepreneurs in a rapid growth environment," Deutsche Bank analyst Jeetil Patel wrote in a research note after the January announcement of Page's new role.

But while Page could usher in a new wave of innovation at Google, there's some concern about his ability to manage the company. Page, who previously served as CEO from 1998 - 2001, will helm a far different Google today than the company he oversaw back then.

"It is a much different task managing a public company with 24,400 employees than a privately held firm with 200," said BGC Partners analyst Collin Gillis in a research note.

What do you think?


Will Larry Page as CEO be good or bad for Google?

Page's leadership will be a good thing
Page isn't right for the job

--Written by Olivia Oran in New York.



>To follow the writer on Twitter, go to http://twitter.com/Ozoran.

>To submit a news tip, send an email to: tips@thestreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
GOOG $535.38 2.16%
AAPL $127.60 2.28%
FB $83.09 2.87%
TSLA $205.27 -0.74%
YHOO $44.66 0.46%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs