HTTP:: The Economy May Be Picking Up Google Says
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Google CEO Eric Schmidt and cofounder Sergey Brin spoke at a press conference in New York earlier touching on most aspects of the company and some of the more pressing issues like Google Books and Google Chrome. The company's economic state also came under scrutiny. Google has weathered the economic downturn better than most companies, especially at that size, but this doesn't mean that it wasn't affected. However, the company is reinforcing the idea that the worst is behind and that it is seeing stronger growth and has started spending and hiring at an accelerated pace. “The worst is behind us. We’re clearly seeing aspects of recovery, not just in the U.S. but also in Europe,†Schmidt said regarding the company's economic health. He added that the low point was somewhere in late spring but the company has been recovering since and has been increasing spending and hiring. However, he believes that Google as a company may not be an entirely accurate model for the eco!
nomy as a whole and as such couldn't make any broader claims based on Google's successes. Brin added that Google was a model for the advertising market, though. With the statement that Google will start spending more and hiring but also start acquiring tech companies again came the obvious question of what type of companies the ...
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http://news.softpedia.com/news/The-Economy-May-Be-Picking-Up-Google-Says-123710.shtml
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