Schmidt: Crazy Startups Still Think They're The Next YouTube - Silicon Alley Insider

Wed, Mar 4th, 2009

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Sure, Google (GOOG) has $15 billion in the bank and more free cash flow than Time Warner and Walmart.  But it's not going to use it to buy YOUR company. 

Why not?

Because you still have a bubble-headed view of what you're worth.  After a couple more years of this mess, however, Google will happily swallow your wreckage.

Eric Schmidt on CNBC tonight:

SORKIN: GIVEN YOUR STRENGTH IN THE MARKETPLACE RIGHT NOW AND REALLY WHEN YOU LOOK ACROSS THE BOARD, YOU ARE THE 800-POUND GORILLA RIGHT NOW. WHY ARE YOU NOT TAKING ADVANTAGE OF THIS PERIOD TO TRY TO MAKE ACQUISITIONS?

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Related stories from top sites:

  • Google is set to pull all music videos from its U.K. version of YouTube after failed negotiations over licensing fees with the country's Performing Rights Society (PRS).
  • YouTube is blocking access to "premium" music videos in the UK thanks to a licensing disagreement between Google and a UK royalty collection group. The group, PRS for Music...
  • In addition to videos of aspiring stars and cute pets, YouTube houses what is easily one of the Web's largest collections of music and music videos. Since YouTube is predominantly a video site and Vevo is still on the drawing boards...
  • If Google (GOOG) shares drop any further the company may have to reprice employees' underwater stock options a second time. Google shares slipped below $300 Friday and remain there today, trading at $292 as I write this.
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