I have always had the greatest respect and admiration for Google. And, I have always believed that the fact that they rarely stand still is a good thing.
... is hard to take any other way but literally. He didn't say, "Our machines are going to be full to capacity around this time next year."
He used the word "crisis" for Pete's sake and clearly stated that they need to make a 1.5 billion dollar hardware investment ... presumably to keep up with their current growth rate!
Well that's a fine kettle of fish don't cha think?
That kind of statement would not make me run right out and buy Google stock, but you can be certain I would be on the phone to my broker in the shake of a lamb's tail to tell him/her to sell my stocks and cut my losses PDQ!
Am I the only one who feels a statement like that is more than a little bit scary? The implications of Mr. Schmidt's comments are immense in my opinion.
[edited by: Liane at 3:12 am (utc) on May 4, 2006]