Google Inc (GOOGL) I/O Plans Show Roadmap for Next Decade: Prateek Alsi

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Google Inc (NASDAQ:GOOGL) has shown its roadmap for the next decade with its announcements at its recent Google I/O conference, Prateek Alsi said in a recent interview on CNBC.

The comment comes from the General Catalyst Partners Principal after Google Inc (NASDAQ:GOOGL) conducted its Google I/O conference where the company announced a lot of new offerings including Android L, its latest mobile operating system version; Material Design, the company’s new design language; Android Auto, the company’s car platform; Android TV, its new assault on the TV market; Android Wear, its wearables platform; and Android health, its health and fitness tracking platform, among other things.

Google, is Google a good stock to own, Android L, Prateek Alsi

According to Alsi, Google Inc (NASDAQ:GOOGL) has grown a lot since it marked its initial public offering. What the internet search and advertising giant has done with its announcements at its latest developers’ conference is bear its plan for the next decade. Alsi explained:

“I think it’s, one, if you just take a step back and think about sort of what this company has done over the course of the last 10 years – this August it will be 10 years since Google went public – they were a small search company and yesterday, sort of they announced the opportunity for them to really be the software layer across all of these different platforms they see sort of emerging. It’s really soft of setting them up for what is going to be sort of the next 10 years, they believe, and how they can be sort of a part of your life in every place that you really spend time. You’re spending time in a car, so they launched something around automotive. You saw them launch something around sort of things that you wear. They launched something sort of around the tablet and sort of what that’s going to look like. And also sort of around phones sort of OS itself as well. It’s very interesting sort of what they are doing, but a lot of it is very much sort of similar to what they have done in the past.”

Alsi was then asked whether Google Inc (NASDAQ:GOOGL) is alarmingly becoming more like a Big Brother by wanting to be part of as many areas in the lives of people. Alsi said that he does not agree.

Watch Alsi’s explanation in the video below.

 

Google Inc (NASDAQ:GOOGL) investors include the hedge fund Cantillon Capital Management managed by William Von Mueffling. The firm said that it held 405,846 shares in the company by the end of March. Another investor is Kerr Neilson’s Platinum Asset Management which reported 353,290 shares in the company also by the end of the first quarter.

 

Disclosure: None

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