Google enters into Domain Business!!!

Google is into acquisition spree. Where are they heading to ? No more research driver projects eh ? They are trying to make money now by all means possible, by their revolutionary search alogrithm , GFS and many other hot technologies and yes many pet projects of their team. Enough of technology, we are gonna buy Bill Gates soon. Way to go Google. Here is the hot news!!!

Google said it has signed an agreement to resell Web site addresses held by domain name registrar services GoDaddy.com and eNom beginning Friday. Registration has been integrated in Google Apps for Your Domain.

Registration fees are $10 annually. The service will support .com, .org, .net, .biz, and .info domains. The Mountain View, Calif., company said the service also includes the ability to create an administrative account to manage the site and a configuration tool to ensure the Google Apps is available on the new site.

Google Apps for Your Domain includes Gmail, calendar, shared calendaring, Google Talk instant messaging, Google Page Creator, and the Start Page for creating a home page.

The Web site of Bellevue, Wash.-based eNom says domain names to resellers sell for between $6.95 and $8.95 each annually. Mobile domain names, .Mobi, also are available from the site. Scottsdale, Ariz., GoDaddy, sells domains to resellers between $7 and $9 per name, plus an annual fee and additional charges for hosting and security certificates, according to its site.

If it seems a little odd that Google would offer to resell domain names, that’s likely because its engineers are afforded the luxury to explore other types of applications.

Similar to other innovative companies, Google allows intellectual freedom to its engineers of up to 20 percent of their working hours, estimates Guzman & Co. senior equity analyst Philip Remek. “Google probably has about 100 pet projects that will never generate revenue,” he said. “Then you have applications like Google Earth that on first glance looks like a toy, but when linked to local and mobile based search could become a powerful tool.”

As the Internet evolves, some of Google’s pet projects could turn into revenue-generating applications, Mr. Remek said.

Shares of Google rose $1.11 to $483.23 in mid-morning trading. (Not much as it raised when they took over GooTube :-))

Original Article link here