Google Inc., the world?s most popular Internet search engine, plans to resume hiring and acquisitions after the recovering economy helped third-quarter sales beat analysts? estimates.
Yahoo! Inc., owner of the second most popular U.S. search engine, reported a fourth-quarter loss because of reorganization costs and international expenses. Sales met analysts? estimates, sending the shares higher.
After Google beat analysts estimates in its October 2007 quarter, CEO Eric Schmidt had this to say:
Microsoft Corp. and Yahoo Inc.’s share of the U.S. search market contracted slightly in July while market leader Google Inc.’s improved, according to estimates released by ComScore Inc.