Google in buying mood as CEO says ‘worst of recession is over’

Sep 4, 2009 | Uncategorized

Google is back on the acquisition trail and the search giant’s boss sees an end to the recession in sight , according to a new interview. Speaking to Japanese site Nikkei (and translated by Dow Jones Newswires), Google CEO Eric Schmidt, said “the worst of the recession is behind us” and that Google has begun […]

Google is back on the acquisition trail and the search giant’s boss sees an end to the recession in sight , according to a new interview. Speaking to Japanese site Nikkei (and translated by Dow Jones Newswires), Google CEO Eric Schmidt, said “the worst of the recession is behind us” and that Google has begun “seriously looking at acquisitions” again.
The search giant seems to be eyeing start-ups working on cloud computing as its main area for new acquisitions. Already in widespread use, the concept of cloud computing involves accessing computing resources online, as and when needed, rather than using similar services stored via a personal computer. A simple example is a large web service such as Google Mail, YouTube or Facebook, where the user doesn’t need to worry about how many servers are running or how large the storage is for their photos, videos and messages. Cloud computing represents a huge area of focus for Google with projects like Wave, Chrome OS, and Google Apps.
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