Schmidt has said getting the video sharing site to make
money is the Web search company's top priority for the year. He
did not give details of the products, however, and they are not
even in initial, or beta, testing.
At the company's annual shareholder meeting, Google co-
founder Sergey Brin said YouTube and DoubleClick, an online
advertising company bought by Google earlier this year for $3.1
billion, are still small businesses compared with its core
search and advertising business.
"They both have potential, but for it to be a sizable part
of our revenue, you're going to have to wait at least a couple
of years," said Brin in response to a question about when those
acquisitions would make a significant contribution to the
company's bottom line.
Google bought YouTube for $1.6 billion in 2006.
The Web search leader played a large role in the takeover
battle between Microsoft Corp and Yahoo. During a two-week
test, it sold search advertisements on rival Yahoo last month
as part of Yahoo's attempt to find an alternative option to
Microsoft's offer.
Schmidt said the trial run provided good reason for the
companies to discuss cooperation, but there was no deal yet.
"We view the test as successful," he told reporters before
the Web company's annual meeting. "That's a good basis to talk
to Yahoo some more."
The Google CEO, speaking later at the shareholder meeting,
said the company will continue to growth faster outside of its
home market. Google generated 51 percent of its revenue outside
the United States in the March quarter, but Schmidt said he
expects that figure to grow over time.
Without giving a specific time frame, Schmidt said he
expects 65 percent of Google's revenue to come from abroad.
Eventually, non-U.S. revenue could be even higher.
Google co-founders Brin and Larry Page also fielded a
request from one shareholder who asked the pair not to split
the company's stock, which closed at $583 on the Nasdaq.
"I think that's the first time we've had that request,"
Page said with a chuckle.
Brin played the straight man: "We have had no problem
honoring that thus far and I don't expect that anything will
change in that respect."
(Reporting by Adam Tanner and Daisuke Wakabayashi in
Seattle; Editing by Braden Reddall and Andre Grenon)
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