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News Editor

Was Google’s Schmidt joking?

Mar 03, 20061 min
Enterprise Applications

 San Jose Mercury News columnist Mike Langberg applies quite the spanking to Google CEO Eric Schmidt this morning.

Schmidt’s sin? A flippant remark during the company’s annual Wall Street analysts briefing yesterday.

Schmidt had listed a number of company priorities, including this one: “Building the systems and infrastructure of a global $100 billion company.”

According to Langberg, “Then he looked out at the audience and said, ‘`I’ll leave it as an exercise to you as to whether Google means $100 billion in revenue or valuation.’ ”

But as Langberg notes, Google’s valuation already exceeds $100 billion, even after the pounding its stock has taken as of late.

Google’s revenue was $6 billion and change last year.

So was Schmidt joking or seriously suggesting to the Wall Street crowd that such meteoric growth is attainable?

An hour ago I sent an e-mail to Google public relations seeking a clarification. I’ll let you know what they say.

News Editor

In addition to my editing duties, I have written Buzzblog since January, 2006 and wrote the 'Net Buzz column in Network World's dearly departed print edition for 13 years. Feel free to e-mail me at