Google has an answer to the pesky
economy and to getting over its tiff with Apple. The company says it will begin
purchasing one small company a month.
"Acquisitions are turned on
again at Google and we are doing our normal maneuvers, which is small
companies," Eric Schmidttold Reuters. "My estimate would be one-a-month
acquisitions and these are largely in lieu of hiring. There may be
larger acquisitions, but they really are unpredictable."
The Silicon Valley search
company has a long history of buying smaller companies but Schmidt
froze Google's wallet earlier this year because he said the market was
The company said the move is a
sign that the worst of the economic woes the tech industry has been
dealing with is behind them.
"What we see at Google is
some level of improvement and what is more important is we see it not
just in the United States but
outside the United States," he said.