Google Reigns as Most Powerful 10-Year-Old
A Decade After Inception, Internet Behemoth Raises Monopoly Fears
Eventually, Google Chairman Eric Schmidt wants the entire company to generate $100 billion in annual revenue, which would make it roughly as big as the two largest information-technology companies - Hewlett-Packard Co. and IBM Corp. - each are now. This year, Google will surpass the $20 billion threshold for the first time.
Schmidt, 53, who became Google's CEO in 2001, seems determined to stick around to reach his goal. He, Brin and Page have made an informal pact to remain the company's brain trust through 2024, at least.
But some rivals are determined to thwart Google. TV and movie conglomerate Viacom Inc. is suing Google for $1 billion for alleged copyright infringement at YouTube, while Microsoft signaled how desperately it wants to topple Google by offering to buy Yahoo for $47.5 billion this year.
Microsoft withdrew the takeover bid in a dispute over Yahoo's value, but some analysts still think those two companies may get together if they fall farther behind Google.
The notion that Microsoft - the richest technology company - would spend so much time worrying about Google seemed inconceivable in September 1998, when Page and Brin decided to convert their research project in Stanford University's computer science graduate program into a formal company.
Page, a University of Michigan graduate, and Brin, a University of Maryland alum, began working on a search engine - originally called BackRub - in 1996 because they believed a lot of important content wasn't being found on the Web. At the time, the companies behind the Internet's major search engines - Yahoo, AltaVista and Excite - were increasingly focused on building multifaceted Web sites.
Internet search was considered such a low priority at the time that Page and Brin couldn't even find anyone willing to pay a couple of million dollars to buy their technology. Instead, they got a $100,000 investment from one of Sun Microsystems Inc.'s co-founders, Andy Bechtolsheim, and filed incorporation papers so they could cash a check made out to Google Inc. In a nod to their geeky roots as children of computer science and math professors, Page and Brin had derived the name from the mathematical term "googol" - a 1 followed by 100 zeros.
Later they would raise a total of about $26 million from family, friends and venture capitalists to help fund the company and pay for now-famous employee perks like free meals and snacks.
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