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Patrick Collands wrote: collands (AT) gmail com I'd be very grateful for an invitation. Thank you.
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Eric Schmidt: Born to Pay Retail
Viacom deposed Schmidt as part of a $1 billion copyright suit against Google and YouTube filed two years ago

Google CEO Eric Schmidt hails from a culture born to pay retail.

Remember Sun paid $2 billion for Cobalt Networks and might as well have lit cigars with the money, a billion for MySQL and $4.1 billion for StorageTek. So it's no surprise to read on CNET that he thinks he paid a billion dollars too much for YouTube.

CNET knows this because Eric said in a sworn deposition in May that he told his board the 18-month-old revenue-free video site was worth between $600 million and $700 million on a gut hunch yet - spooked that Microsoft or Yahoo would pluck it off the vine - paid $1.65 billion in stock for the thing.

Viacom deposed Schmidt as part of a $1 billion copyright suit against Google and YouTube filed two years ago.

The still-unprofitable YouTube is also named in the multi-billion suit filed Tuesday by Eolas.

About Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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Reader Feedback: Page 1 of 1

"unprofitable YouTube" - $$ are not the only metric - I (and apparently others) spend more time on YT than any other site. And I reckon mysql was probably worth $1bn since I have that too. I cannot comment on the other companies that you mention but there is little doubt that the world is a richer place courtesy of Mr S as he personally financed Google early on.


Your Feedback
paulmartin42 wrote: "unprofitable YouTube" - $$ are not the only metric - I (and apparently others) spend more time on YT than any other site. And I reckon mysql was probably worth $1bn since I have that too. I cannot comment on the other companies that you mention but there is little doubt that the world is a richer place courtesy of Mr S as he personally financed Google early on.
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