Google Inc. (NASDAQ: GOOG) innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top web property in all major global markets. Google’s targeted advertising program provides businesses of all sizes with measurable results, while enhancing the overall web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe and Asia.

ITA Software, Inc., a flight information software company, and Google Inc. recently signed a definitive agreement for Google to acquire ITA for $700 million in cash, subject to adjustments. (To View CLICK HERE)

The deal will allow Google to pursue the creation of new flight search tools that will enable users to find better flight information more easily on the Internet.

Dr. Eric E. Schmidt Ph.D, Chairman and CEO of Google stated, “ITA’s very talented team has created an impressive product to organize flight information. “Their technology opens exciting possibilities for us to create new ways for users to more easily find flight information online, and we’re looking forward to welcoming them to Google.”

Google Second Quarter 2010 Financial Highlights

Revenues – Google reported revenues of $6.82 billion in the second quarter of 2010, representing a 24% increase over second quarter 2009 revenues of $5.52 billion. Google reports its revenues, consistent with GAAP, on a gross basis without deducting TAC.

Google Sites Revenues – Google-owned sites generated revenues of $4.50 billion, or 66% of total revenues, in the second quarter of 2010. This represents a 23% increase over second quarter 2009 revenues of $3.65 billion.

Google Network Revenues – Google’s partner sites generated revenues, through AdSense programs, of $2.06 billion, or 30% of total revenues, in the second quarter of 2010. This represents a 23% increase from second quarter 2009 network revenues of $1.68 billion. (To View CLICK HERE )

“Google had a strong second quarter,” said Eric Schmidt, CEO of Google. “Solid growth in our core business and very strong growth in our emerging businesses drove 24% revenue growth year over year. We saw strength in every major product area, as more and more traditional brand advertisers embraced search advertising and as large advertisers increasingly ran integrated campaigns across search, display, and mobile. We feel confident about our future, and plan to continue to invest aggressively in our core areas of strategic focus.”

Google Inc.

Last: $492.63

Change: Up 3.66 (+0.75%)

 Volume: 2,451,984

Furthermore, Google and DISH Network L.L.C. recently unveiled the launch of Google TV, an open platform that seamlessly integrates multichannel television with rich web media content. This technology brings the full power of the Internet to the television viewing experience. Google TV merges traditional TV programming with the wide amount of content on the web, allowing viewers unprecedented access, control, and flexibility over all forms of digital content.

Google and DISH Network plan to make the optimized Google TV experience available to customers later this fall

For more information about this company please visit http://www.google.com

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