Business & Tech

Google Disappoints Wall Street and a Gaming Pioneer Dies

This week we bring you the latest developments from Mountain View companies.

Every week, Mountain View makes news with technology developments, discoveries and sometimes controversies.

Today, Mountain View Patch brings you “Bits and Bytes,” where we’ll relay the past week’s news highlights from our backyard giants, start-ups and small businesses alike.

  • Google released its first-quarter earnings on Thursday but unlike previous times, disappointed the market. Though revenue grew 27 percent to $8.58 billion from the same time last year and net income rose to $2.30 billion, compared to $1.96 billion in the first quarter of 2010, the Internet giant missed analysts expectations spooking investors. Google stock closed down today 8.26 percent from 578.51 to 530.70, losing almost $12 billion in market capitalization.
  • Ooyala, an online video management provider located at 800 W. El Camino Real, announced this week the launch of Ooyala Everywhere, a technologies and services suite that delivers video across multiple digital platforms directly from the content creator or distributor to consumers.
  • Disney-owned Playdom, launched a new game for Facebook called Garden of Time. The game sets players off on a scavenger hunt across a virtual world and with each artifact found and brought back to the garden, the players can influence time and change course of history.
  • The man responsible for the creation of the video game console died on Saturday, Apr. 11 at El Camino Hospital. One of a handful of Black engineers in Silicon Valley at the time, Gerald A. Lawson, 70 and a resident of Santa Clara, created the Fairchild Channel F in 1976, which allowed game cartridges to be changed from the game system. 


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