Google is Worried About This Voice Search Software

According to Google (NASDAQ:GOOG) Chairman Eric Schmidt, Apple’s (NASDAQ:AAPL) voice assistant Siri might bring big competition to the web search arena.  He said, “Apple’s (NASDAQ:AAPL) Siri is a significant development–a voice-activated means of accessing answers through iPhones that demonstrates the innovations in search.”  He also added, “ Google (NASDAQ:GOOGhas many strong competitors and we sometimes fail to anticipate the competitive threat posed by new methods of accessing information.”

Siri uses the iPhone 4S’ built-in microphone to turn voice commands into actions on the phone.  It enables users to do things such as search the web, set reminders, or check stock prices.

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Schmidt also acknowledged some are calling Siri Apple’s (NASDAQ:AAPL)  “entry point” to the search sector and a “Google killer.”  He also stated he was “clearly wrong” when he said Apple (NASDAQ:AAPL) and Facebook were not Web search competitors.  Schmidt said, “The importance of social networking to consumers’ online experience has changed remarkably–even over the past year.  Consumers are looking for answers when they conduct searches online, and social search has become a serious competitor in helping people find those answers online.”

Here’s how the top web search companies are trading:

  • Google Inc. (NASDAQ:GOOG): The shares recently traded at $613.57, up $5.24, or 0.86%. Its market capitalization is $198.73 billion. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 2,543,441 shares versus a 3-month average volume of 3,613,730 shares. The company’s trailing P/E is 20.91, while trailing earnings are $29.34 per share. About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. Get the most recent company news and stock data here >>
  • Apple Inc. (NASDAQ:AAPL): The shares recently traded at $406.07, up $6.34, or 1.59%. Its market capitalization is $377.35 billion. They have traded in a 52-week range of $297.76 to $426.70. Volume today was 11,952,924 shares versus a 3-month average volume of 21,469,300 shares. The company’s trailing P/E is 14.67, while trailing earnings are $27.68 per share. About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Get the most recent company news and stock data here >>
  • IAC/InterActiveCorp. (NASDAQ:IACI): The shares recently traded at $42.71, down $0.1, or 0.23%. Its market capitalization is $3.63 billion. They have traded in a 52-week range of $26.81 to $43.89. Volume today was 1,075,793 shares versus a 3-month average volume of 1,129,380 shares. The company’s trailing P/E is 24.83, while trailing earnings are $1.72 per share. About the company: IAC/InterActiveCorp operates Internet businesses. The Company’s websites offer search, gaming, dating, directory, footwear retailing, and campsite reservation services. Get the most recent company news and stock data here >>
  • Yahoo! Inc. (NASDAQ:YHOO): The shares recently traded at $16.03, up $0.34, or 2.17%. Its market capitalization is $20.19 billion. They have traded in a 52-week range of $11.09 to $18.84. Volume today was 21,075,824 shares versus a 3-month average volume of 35,624,700 shares. The company’s trailing P/E is 19.50, while trailing earnings are $0.82 per share. About the company: Yahoo! Inc. is a global Internet media company that offers an online guide to Web navigation, aggregated information content, communication services, and commerce. The Company’s site includes a hierarchical, subject-based directory of Web sites, which enables users to locate and access information and services through hypertext links included in the directory. Get the most recent company news and stock data here >>

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