Google Inc. Chief Executive Eric Schmidt spoke out on the much buzzed about bottom line they gave to China and declared they remain committed to continuing their service in China, but on new terms. Google is reportedly in talks with government authorities negotiating the currently censored search results.
For the time being Google continues to adhere by China’s standards for searching but is planning major changes schedules to occur in the upcoming weeks and months.
The billion plus market offered by China would be a terrible thing to lose for Google, but executives felt that remaining in the nation following the g-mail hacking of Chinese human-rights activists would be against their company’s moral framework.
Google posted tremendous earnings this quarter, of $1.97 billion, or $6.13 a share as compared with $382 million, or $1.21 a share this time last year.
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