The Bloomberg article: Google may expand in China, buy faster computers, offers a bit about what Google’s Eric Schmidt and Sergey Brin “hinted” about yesterday with stock analysts and investors at an invitation only lunch at the St. Regis Hotel in New York.
‘All that people care about is what are they going to use the money for,’ said David Schiller, a portfolio manager at JPMorgan Chase & Co who attended the meeting and doesn’t own Google shares. ‘Best-case scenario is they want to buy a bunch of search companies or online gaming companies in China.’ The meeting didn’t blunt one common criticism of Google and its executives: they’re secretive.