Welcome to the Tech Mem Ride Home for Tuesday, July 24th, 2018. I'm Brian McCullough.

Today, Alphabet Earnings, Google's translation app takes over the world, potentially two new Xbox

consoles, Verizon wants to deliver TV over 5G, and the thin and light laptop revolution has gone too far, people.

Here's what you missed today in the world of tech. Alphabet shares opened up nearly 5% this morning that came after the company announced

Q2 earnings last night,

reporting revenue of $32.7 billion,

up 26% year over year, and net income of $3.2 billion.

And that's where this gets a little interesting because remember Google recently

got slapped with that $5 billion fine from the European Union and Alphabet was obliged to report that even though the company is appealing the fine.

So minus the EU fine, net income would have been $.3 billion dollars.

Business insiders Alexi Ostricovic noted on Twitter that even if you back out those EU fines,

though, Google's operating margins were down slightly year over year from 26% to 24%.

But what about those other bets, as Alphabet likes to call them?

Those other bets, including Weymo and the newly graduated Loon and Wing had

Q2 revenue of 145 million dollars that was up 33%. But operating losses were also up coming in at $732 million. On the

conference call Google CEO Sundar Pichai,

said it was, quote, too early to assess the impact of GDPR

on Google's advertising business,

since the changes to the law only came

into effect halfway through the quarter. So expect more

of an analysis of that little wrinkle to Google and Alphabet's business in about

three months time. Wall Street though was generally upbeat about Alphabet's prospects. about based net business now has average 23% growth for 34, count them, 34

...