Google planning to let its cash "pile up"


	Google planning to let its cash "pile up"

David M Ewalt

3-5-2009 11:53 AM

457 views

tags:

google, twitter, economy, m&a

David M Ewalt says:

Perhaps this news will help quiet the constant rumors that Google is planning big acquisitions -- like Twitter, which seems to be the target of the moment.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/059b63e3-3e36-4b67-bebf-11ed1ac8d66d/235CCF3C-00BA-4762-8361-4C66B74C1AC0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.eweek.com/c/a/Search-Engines/CEO-Google-Letting-Cash-Pile-Up/?kc=rss" href="http://www.eweek.com/c/a/Search-Engines/CEO-Google-Letting-Cash-Pile-Up/?kc=rss" style="font-size: 11px;">www.eweek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.eweek.com/c/a/Search-Engines/CEO-Google-Letting-Cash-Pile-Up/?kc=rss"><P>SANTA BARBARA, California (Reuters) - Google plans to let its cash
"pile up" as it weathers an economic recession but doesn't expect to
see a fall in revenue, the Web search leader's Chief Executive Eric
Schmidt said on Wednesday.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.eweek.com/c/a/Search-Engines/CEO-Google-Letting-Cash-Pile-Up/?kc=rss"><P>Google will only use its $8.6 billion cash cushion for "very, very
conservative investments," Schmidt said, and is unlikely to start a
dividend in the current <A class="iAs" classname="iAs" href="#" target="_blank" itxtdid="8353867">environment</A>.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.eweek.com/c/a/Search-Engines/CEO-Google-Letting-Cash-Pile-Up/?kc=rss"><P>"We've not really discussed a dividend payment," he said in an
interview on the sidelines of the Wall Street Journal ECO:nomics
<A class="iAs" classname="iAs" href="#" target="_blank" itxtdid="8353833">conference</A> in Santa Barbara, California. "At the moment our view is to
let the cash pile up."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.eweek.com/c/a/Search-Engines/CEO-Google-Letting-Cash-Pile-Up/?kc=rss"><P>Earlier on Wednesday, Schmidt said the economic storm will affect all
forms of advertising, including the online ads that Google depends on,
but that Google was unlikely to see a drop in revenue.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/235CCF3C-00BA-4762-8361-4C66B74C1AC0/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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