Skip to: Content
Skip to: Site Navigation
Skip to: Search

September 6, 2008 2:03:24 AM CDT

Learn about Newser Points »

« Back to the grid | Next story »

As Recession Looms, Google Looks to Uncle Sam

Posted Mar 13, 08 12:27 PM CDT in Business,  Technology 

(Newser) – With an economic meltdown threatening its advertising business, Google is turning to Washington for a second revenue stream, MarketWatch reports. Google’s government contract business is still extremely small, but could become more important soon as the company tries to diversify, according to the division’s chief technologist. “The government is excited about innovation, and excited about Google for sure,” he said.

Google is hawking souped-up versions of its Google Earth application that update more quickly and blend classified images with the usual commercially-available ones. It’s a natural fit because Earth was acquired from Keyhole, which was funded by a CIA venture capital firm. “We’re not only interested, we’re the government agency that developed Google’s technology,” said a National Geospatial-Intelligence Agency spokesman.

Source MarketWatch

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • Google Yet to Find Pitch for YouTube Ads

    Jul 9, 08 10:50 AM CDT
    Google Yet to Find Pitch for YouTube Ads Google is still struggling to make advertising revenues from YouTube resemble the site's popularity, the Wall Street Journal reports, with big industry heavyweights still leery about placing their ads alongside amateur video. With a well-below-expectation $200 million in ad revenue forecast this year, it's obvious "most advertisers are still testing the waters on YouTube," one exec said. More »

  • YouTube Trying Longer Videos

    Jun 18, 08 5:56 PM CDT
    YouTube Trying Longer Videos YouTube is testing some long-format videos for its site, anxious to increase the amount of ads they can display per view, CNN Money reports. The site has only a few videos longer than an hour, but is reaching out to independent directors at the Los Angeles Film festival this week. More »

  • Microsoft, Yahoo End Talks, Rule Out Merger

    Jun 12, 08 3:32 PM CDT
    Microsoft, Yahoo End Talks, Rule Out Merger Looks like a Microsoft-Yahoo marriage is off—for good this time, the Wall Street Journal reports. In a meeting last weekend, Microsoft representatives stated “unequivocally” that the software giant was not interested in purchasing all of Yahoo for any price. Yahoo then ruled out an alternative of selling Microsoft only its search business. More »

  • Rosy Q1 for Google

    Apr 17, 08 5:45 PM CDT
    Rosy Q1 for Google Google reported a 30% increase in first-quarter profits today, bettering analysts’ predictions and sending share prices up 17%, Bloomberg reports. Forecasters had assumed that growth in domestic advertising clicks would slow, but Google said it “remains healthy;” a 55% increase in international ad sales gave the search giant the bump it needed to exceed expectations. More »

  • Slowing Click Rate Hits Google Shares

    Mar 28, 08 8:49 AM CDT
    Slowing Click Rate Hits Google Shares Google shares declined 2.7% yesterday as the company reported its third month-on-month drop in advertising clicks, MarketWatch reports. Google's market share is still expanding, but that growth won't show up on the bottom line if the clicks that generate revenue keep slipping. The firm has shed 14% of its value since February on fears it may not be immune from a slowdown. More »

Two non-profit executives use Google Earth to coordinate their work in this file photo. Google Earth is the key technology Google is selling to the government.   (AP Photo/Kathy Willens)
The logo of Google, seen on the front door of the new Google Engineering center in Zurich, Switzerland, in this March 6, 2008 file photo.   (AP Photo/Keystone, Walter Bier, file)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (1 of 2)

Tags

Google  • ad revenue  • satellite images  • government contracts  • intelligence spending


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular


Other Technology Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »