Paul Gillin
Om Malik sees an ominous message in a recent Wall Street Journal story (http://online.wsj.com/article/SB122826503489174369.html) about Google's futures. He thinks CEO Eric Schmidt's comments about cutbacks and uncertainty portend a tough 2009 for the search giant. Worse, he thinks the malaise could extend well beyond next year. Google has pulled back on a lot of its experimental projects and is funneling more of its resources toward revenue-generating products. Sounds like it's not as much fun as it used to be. Could bad times force Google to be more targeted and less innovative?
Um, yes. And what's wrong with that? Tight economic times nearly always force innovative companies to retrench. That doesn't make them less innovative; it just makes them more focused. Everyone's going to pull back next year. Is it a surprise that Google isn't impervious to the factors shaping the rest of the economy?
daily_reading google
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