Google-mania!

July 31, 2007

What is it that Google isn’t doing, hasn’t thought about, or isn’t working on? One has to give that some thought now doesn’t one? Well, how about the cell phone industry? I mean, look how much money the iPhone is raking in! Opening weekend sales of iPhones may have reached 500,000, according to an analyst’s estimate, as Apple’s much anticipated product saw sales that lived up to and even exceeded its hype. Piper Jaffray’s, Gene Munster released a report Sunday night estimating that the iPhone sales would reach that mark easily.

In a move that could dramatically impact the U.S. cellphone industry, the Federal Communications Commission is planning to auction $15 billion worth of public airwaves for cellphone use.

And Internet search giant Google sees the auction as an opportunity to enter â€“ and perhaps dominate â€“ the lucrative cellphone market.

The company has said it will spend up to $4.6 billion for some of the available airwaves, and has already spent millions lobbying public officials to set auction rules favorable to Google. But wireless carriers including AT&T and Verizon have also been spending money in an effort to thwart Google.

It should be interesting.

Written by Ernie · Filed Under Daily Commentary