Organizers announced on the search engine Google mail their intention to establish a trading bloc giant bears the name "Alphabet" brings together under its umbrella and diverse business units and investments away from the group name universally known Google workers.
Google Inc. said on Tuesday night (August 11, 2015) it plans to establish a conglomerate called "Alphabet" brings together under its umbrella and diverse business units and investments for the giant Internet search away from Google's name.
CEO Larry Page said in a commentary that the code on the Internet Alphabet would be a "group of companies" the biggest Google.
He continued: "We believe fundamentally that this allows us to control the administration is more, where we can run things unrelated dramatically, independently."
In addition, will be replaced by the name of Google Inc. in the stock market as “Alphabet “as a general trading. In addition, it will switch all Google shares automatically into shares “Alphabet” and be Google is a wholly owned subsidiary of the parent company.
What «Alphabet» means the new name for «Google»?
Following the selection of the US Company Google, to name Olfabt Alphabet launched a new mother to her company, which announced on Monday under the new restructuring process.
CEO Alphabet, Larry Page, in his message yesterday to investors and posted on his blog stated that Alphabet name carries two meanings. The first refers to the alphabet, which is one of the most important human creations, which are the essence of the way in which reliable Google in indexing search engine.
The second meaning of the name is a compound of Alphabet twofold Alpha-bet and Alpha refers to the return on investment that goes beyond any ordinary extraordinary, while the meaning of the word bet is "betting" in the Arabic language, any "bet on the extraordinary return on investment."
Larry Page said the company Alphabet is a variety of the largest companies of course, is Google.
Google is the new company will be a little smaller than it is now, which will be under the umbrella of " Alphabet " along with a number of other companies with terms of reference for a little far from the main Internet products.
And looks forward Google of this new step to achieve more ambitious projects, and the adoption of a long-term look, and enable entrepreneurs and distinctive companies of prosperity, investment and the expansion of the range of opportunities and resources available, and to improve transparency and supervision, and make Google better by the largest concentration, and thus improve the lives of the greatest number of people.
Why set up a "Google" alphabet company?
In a move seen as a surprise, it announced the "Google" for a new structure was the establishment of a holding company or a new under the name " Alphabet " will include all businesses, including the company "Google". So what does this and what the objective of the move today specifically?
"alphabet, means the alphabet. Vtorgom Larry Bidj, the current CEO of Google in the codification of the announcement of the new company by saying:" We loved the " Alphabet " because the name means character set form language, one of the most important human achievements. "He added:" It also means also alpha-bet any bet on the "Alpha" means return on investment that goes beyond any ordinary extraordinary. "With the new structure, too, will become CEO of Bidj" Alphabet ", while Sergey Brin will become its chairman. Sundar Pichai will take over the presidency as "Google".
It became the name "Google" search engine and brief site "YouTube" for many. But "Google" looking for what is more than that. They are that dominated the search engine market, what needed to change, especially after the establishment of projects and other companies to link its name as the "Google" economically and technologically. The company wanted to be free of such restrictions, to be able to present and future subsidiaries operate more freely, particularly with regard to the economic market.
The company "Google", which was founded in 1998, is today the largest technology companies, and employs more than 40 thousand people around the world. Under the restructuring that the unit "Google" include the main search engine in addition to the services "Google Maps" and "YouTube", the plant "Google X" and new projects of the company, such as "calico" lab on lengthening the life span of human being, and the unity of "NIST" NEST for the manufacture of products advanced home will have a separate management. The unit will also include Viper fiber involved in the provision of high-speed, “Google Ventures” Internet Services Company, and the investment arm "Google Capital", which invests in the largest technology companies.
This step also translates ambitious major company Sergey Brin and Larry Bidj the Great, in a bid to say, "large companies also succeed." And so Bidj said in pealing: "Company" Olfabit "is a whole variety of the largest course companies are Google company. The Google new company is going to be a little than it is now smaller, which Stnazavi under the umbrella of" Olfabit "along with a number of other companies with a little far from the main terms of reference of Internet products. "
With the establishment of "Google" was not impressed by the founders of what investors want, but the company is no longer able to do that today. Economically, this step means that the "Google" liberated itself from itself, and investors at the same time. Today, you cannot question about the money you spend "Google", even those that spend “Alphabet ". The move allows the company acquired other companies or emerging small.
And it will be resolved " Alphabet " replace "Google" in trading the same number and the same rights markets, and will continue trading Regions shares of the company traded on NASDAQ under the symbolic. Bidj wrote: The new structure will allow us to focus on the extreme extraordinary opportunities that we enjoy within the "Google".