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Old 02-08-2005, 12:04 PM   #1
Larwee

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Exclamation Google introduces Google Maps

Google continues to become involved in new things.

The latest was introduced in beta today. It is Google Maps. http://maps.google.com/ You can get driving directions and search for local businesses. It isn't bad either. I think it is much better than some of the others already out there and it offers some interesting new features.

Details in article below.
Quote:
By Margaret Kane

In its latest play in the ongoing search wars, Google on Tuesday quietly launched a beta site for a new map service.

Google Maps offers maps, driving directions and the ability to search for local businesses. The search giant appears to be working with TeleAtlas for the mapping products. Neither Google nor TeleAtlas could be reached for comment.

The service offers a few tweaks to standard mapping products. Someone using the service can click and drag the maps, instead of having to click and reload, for example, and magnified views of specific spots pop up in bubbles. The new map service supports Internet Explorer and Mozilla browsers. It covers the United States, Puerto Rico and parts of Canada.

The ongoing search battles between Google and companies like Yahoo and Microsoft have led to new features and enhancements coming out almost weekly. Localization and mapping products have been a particular focus because they're popular with advertisers.

Even Amazon.com has gotten into the game, offering a service through its A9.com search unit that shows digital photos of storefronts in its U.S. business listings.

Google had already been experimenting with mapping products. It recently bought satellite imaging company Keyhole, which makes software that lets Internet users view geographic images collected from satellites and airplanes.

http://news.zdnet.com/2100-9588_22-5567274.html

Last edited by Larwee; 02-08-2005 at 03:43 PM.
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Old 02-08-2005, 03:32 PM   #2
UncleCaveman
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Bye bye Mapquest. I feel really sorry for existing companies every vertical niche that google now seeks to dominate.

Last edited by UncleCaveman; 02-08-2005 at 03:33 PM.
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Old 02-09-2005, 12:28 AM   #3
Czar

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Sensis will no doubt have to sit up and take notice of this new development. Their localized Aussie search service (sensis.com.au), the brilliant WhereIs.com.au driving directions / map site and their CitySearch brand all intersect at the need that Google is attempting to satisfy with this new offering.

Google has certainly taken a page out of Microsoft's book on business strategy this year. Everything they are doing seems to be oriented towards leveraging the dominating control they maintain over internet search and into bundled service offerings that both increase the functionality of their core offerings, while eliminating the viability of smaller companies and pioneering niche services.

If nothing else, this should keep the Street happy.
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Old 02-09-2005, 01:02 AM   #4
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i'm far from a graham and dodd investor, but i don't buy a 140ish PE ratio when yhoo's is around 58... oh well, i digress!
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Old 02-09-2005, 01:33 AM   #5
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Google is growing much more quickly than Yahoo...

In 2 years time Google will have a monopoly on basically the entire internet - they will be the Microsoft's of the web if they aren't already
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Old 02-09-2005, 01:30 PM   #6
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I don't think that's necessarily true. It's the internet man... you can be huge one year then someone else comes along with a better idea and you're nothing. Anyone else remember how Push was going to dominate the computer landscape all those years back?

Also, YHOO is diversified with paying customers while goog is 100% dependent on advertising.

Saying that Google should trade at such a high multiple because it will oneday control the whole Internet sounds awfully 1999-ish.

Last edited by UncleCaveman; 02-09-2005 at 01:32 PM.
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