Friday, January 23, 2009

Google Income Drops 68% on One-Time Charges - NYTimes.com

An emerging pattern…

Mr. Schmidt said that he was pleased with the company’s results and remained optimistic about Google’s long-term prospects.

“The business is quite healthy, especially given the tough economic climate,” Mr. Schmidt said. But saying that the fourth quarter may have been the “easy part,” he noted that Google would not be immune to what appeared to be worsening economic conditions.

“We don’t know how long this period will last,” he said.

Google Income Drops 68% on One-Time Charges - NYTimes.com

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