After the Yahoo earnings release, people started talking about whether this signals a bubble starting to burst. I don't think so, but unreasonably inflated expectations can potentially create a self-fulfilling prophecy. |
China is obviously a huge market opportunity growing much faster than the U.S. and Europe. Ultimately, there are more Chinese Internet and mobile users. |
Clearly, they had to do something different. |
I don't think it's a fad. The general Web search market is pretty much locked up, so vertical search is where the opportunity to create something competitive is. |
I see Live as a fresh start for Microsoft. |
I think there's going to be some substitution, but it's mostly going to be incremental growth. A lot of the dollars that are going to happen will not be a direct substitution. The area we'll see the greatest erosion is in the classifieds. |
I would estimate that approximately that approximately $3 billion today is spent on locally targeted advertising across the various forms of online media. |
Many of these video-sharing sites are all variations on a theme. So at some point, we're going to see consolidation. |
Newspapers are still in a relatively strong position if they can act, but the local initiatives by the search engines are a threat. Everybody understands what's at stake and even the strategy. It's just a question of execution. |
Over the long-term, competition in search should increase. Growth is still impressive but it's moderating. |
Seventy-one percent of small businesses say they'd rather have phone leads than clicks. |
Some of those features are really nice. |
That's perhaps the most uncertain piece of the forecast. There's a lot of pent-up demand for mobile experiences, but the user base isn't there to drive an advertising model. |
The adoption curve will be fast because it's not something that has to be explained, ... People get it pretty quickly. |
The dot-com logic of paying big prices to enter new markets has come roaring back, |