I guess they were just
hiring too fast and the bill came due.
Instead, the company hired more aggressively than even it had planned
to during the beginning of the year, CEO Eric Schmidt told investors during a
conference call.
"We exceeded spending when it came to headcount, and going forward
we will watch this very carefully," Schmidt said. The bulk of the new hires were
sales, marketing, and engineering personnel, the company said.
I wonder if any of this shortfall was due to Ebay
pulling their ads off of the Google US sites in for that Google Checkout spat in June?
SAN FRANCISCO (Thomson Financial) - EBay Inc and Google Inc have turned
from ardent partners to nettled adversaries, with the renowned online auction
site yanking it ads from the world's most popular Internet search
engine.
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