Businessweek

c, movies and books that its users can find, enjoy and share on the Web and on their Android phone or tablet. Google Drive: Google Drive is a place where users can create, share, collaborate, and keep all of their stuff. Google Docs is built right into Google Drive so users can work with others in real time on documents, spreadsheets and presentations and users’ files go everywhere they do. When users change a file on the Web, on their computer, or on their mobile device, the file updates on every device where users have installed Google Drive. Google Wallet: Google Wallet is a virtual wallet that stores credit and debit cards, offers, and rewards cards. Users can tap their phone to pay in-store using Google Wallet anywhere contactless payments are accepted – at approximately 200,000 merchants across the United States. Users can also pay online by signing into their Google Wallet account. Google TV: Google TV is a platform that gives consumers the power to experience television and the Internet on a single screen, with the ability to search and find the content they want to watch. The Google TV platform is based on the Android operating system and runs the Google Chrome browser. Enterprise The company’s enterprise products provide Google technology for business settings. Through Google Apps, which includes Gmail, Google Docs, Google Calendar, and Google Sites, among other features, the company provides hosted, Web-based applications that people can use on any device with a browser and an Internet connection. In addition, it provides its search technology for use within enterprises through the Google Search Appliance (real-time search of business applications, intranet applications, and public Websites), on their public-facing sites with Google Site Search (custom search engine), and Google Commerce Search (for online retail enterprises). The company also provides versions of its Google Maps Application Programming Interface (API) for businesses (including fully interactive Google Maps for public and internal Websites), as well as Google Earth Enterprise (a behind-the-company-firewall software solution for imagery and data visualization). The company’s enterprise solutions have been adopted by various businesses, governments, schools, and non-profit organizations. Motorola The company’s Motorola Mobility business consists of two operating segments. The Mobile segment is focused on mobile wireless devices and related products and services. The Home segment is focused on technologies and devices that provide video entertainment services to consumers by enabling subscribers to access various interactive digital television services. Significant Events Nexus 7 Tablet: The company launched a new tablet in 2012, with a vibrant, 7 inches high-definition display. The Tegra-3 chipset, with a quad-core CPU and 12-core GPU, makes everything, including games fast. Research For the year ended December 31, 2012, the company’s research and development expenses included $6.8 billion, which consisted of stock-based compensation expense of $1.3 billion. Sales and Support The company has approximately 85 offices in approximately 40 countries. Its global sales and support infrastructure has specialized teams across vertical markets. Competition The company faces competition from general purpose search engines, such as Yahoo and Microsoft’s Bing; vertical search engines and e-commerce Websites, such as Kayak (travel queries), Monster.com (job queries), WebMD (for health queries), and Amazon.com and eBay (e-commerce); and social networks, such as Facebook and Twitter. Global Operations and Geographic Data The company provides its products and services in approximately 100 languages and in approximately 50 countries, regions, and territories. Seasonality The company’s business is affected by both seasonal fluctuations in Internet usage and traditional retail seasonality. Internet usage generally slows during the summer months, and commercial queries typically increase significantly in the fourth quarter of each year (year ended December 31, 2012). These seasonal trends have caused and would