Google Glass holds promise but requires a 'reset'

Google Glass failed to meet goals set by the search giant, causing the company to halt the program and rethink its strategy for the wearable device.That candid assessment was made by Google CFO Patrick Pichette during the company’s 2014 fourth-quarter earnings call on Thursday.All projects must reach predetermined goals in order for Google to provide additional capital, he said. Projects that fail to meet those marks but have the potential for success, like Glass, are suspended and reworked