SANTA BARBARA: Google Inc plans to let its cash “pile up” as it weathers an economic recession but doesn’t expect to see a fall in revenue, the Web search leader’s chief executive Eric Schmidt said on Wednesday.
Google will only use its US$8.6bil cash cushion for “very very conservative investments,” Schmidt said, and is unlikely to start a dividend in the current environment.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
