This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Google's I/O Gathering is Short On Hardware, Long On Innovation

NEW YORK ( TheStreet) - The keynote speech at this year's Google (GOOG) I/O gathering just ended. More than three hours of pointy-headed employees telling an audience of equally pointy-headed developers - who paid for the privilege - about what Google is working on and what they might expect next from the operator of world's largest search engine.

By the time the smoke lifted, Google stock soared to record levels - hitting more than $900 and closing at $915.89, a gain of nearly $29 or 3.3%.

Google announced almost no new hardware (except for their own, stripped-down version of a Samsung Galaxy S 4 smartphone. No new tablets. And, forget all those rumors about a new version of their Android operating system.

Yes, there's the new Google Music streaming service which was created to compete with Pandora, Spotify, Rdio and others. A few pennies short of $10/month. The competition is fierce. I wish them good luck.

But, the most impressive feature they did showcase was innovation. Like the new, improved Google Maps app - which, in combination with Google Earth can tell you everything near where you are to taking you from that local street to what it looks like from outer space. Can give you the directions there too.

Or, new types of photo and video files which take-up less storage space and are faster to load. And, some new software that's tied to the Google Cloud that will automatically "Photoshop" your photos as you upload them and can turn your photos into videos. Plus, they're overhauling the Google + system and integrating it into almost everything Google offers.

But, what really came out of the live showcase was innovation. Google is didn't dazzle us with anything like Google Glass - but showed us what they're doing to help change what we've know, to date, as the Internet into a fully-integrated part of our lives. A glimpse of how all these technological feats will affect our lives in the future.

Not everything that was said at the event was pure science. Google also had some things to say about the competition. For instance, when describing the new Google Maps, mention was jokingly made to point out the superiority of their app versus what's currently offered by Apple (AAPL - Get Report). Remember Apple dropped Google Maps to go it on their own. It hasn't gone so well to date.

1 of 2

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
AAPL $124.43 -1.54%
GOOG $548.00 -0.73%
MSFT $40.66 -0.74%
FB $82.22 -1.18%
TSLA $188.77 -0.94%


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs