DV Hardware bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
DarkVision Hardware - Daily tech news
October 27, 2016 
Main Menu
News archives

Who's Online
There are currently 88 people online.


Latest Reviews
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller
ZOWIE G-TF Rough mousepad
ROCCAT Isku FX gaming keyboard
Prolimatech Magnetic Pin

Follow us

Google says it's going to pile up cash

Posted on Friday, March 06 2009 @ 02:16:14 CET by

Search engine giant Google unveiled it plans to weather the recession by letting its cash pile up, CEO Eric Schmidt said on Wednesday. Google doesn't expect a downfall in revenue, and says it will use its $8.6 billion of cash for "very very conservative investments".
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 environment.

"We've not really discussed a dividend payment," he said in an interview on the sidelines of the Wall Street Journal ECO:nomics conference in Santa Barbara, California. "At the moment our view is to let the cash pile up."

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.



DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2016 DM Media Group bvba