Google Analyst Day: The React

Dow Jones: Google CEO Eric Schmidt’s optimistic tone sent the stock back up by 3.7 percent. ” Google aims to maintain its leadership in the Web search business by continuing to improve the quality of its search engine, thus boosting traffic, and of its keyword ads in consumers’ eyes, Schmidt said. He called those efforts Google’s top two priorities for 2006. ‘There is tremendous headroom for improving the quality of advertisements,’ he said. ‘We see no limit to that at the moment.'”

Bloomberg (USAT): “Schmidt said Google plans to tap ad sales in everything from the Web to radio and print, a worldwide market worth as much as $800 billion. ‘We see ourselves in every one of those segments,’ Schmidt said. ‘It will be possible in the next few years.'”

Martin Pyykkonen, Hoefer & Arnett (via Bloomberg): “The answers (were) as open and forthcoming as they can be without giving away their strategy.” .. (it was) “certainly a bullish presentation overall.”

TheStreet.com: “The company also isn’t limiting itself to the online advertising market, Schmidt added. ‘We want to be able to store everybody’s information all the time.'”

Jordan Rohan, analyst, RBC Capital Marketsx (via NYT): “The company appears to have matured significantly since its first analyst day a year ago. … Investors have been successful in communicating with the management they can’t be this funky renegade company.”

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