Reporter: How many acquisitions do you do?
Schmidt: â€œItâ€™s one or two a week it seems. Most acquisitions: They are very small. 1-2-3 people and you never, never hear about them.â€?
Google CEO Eric Schmidt tells reporters:
â€œ(During the 2004 IPO process), between the time we filed and the time we went public, the press was among the most unpleasant I have ever experienced.
â€œWe (Google management) were â€˜idiots,â€™ we were â€˜uselessâ€™â€¦ I thought â€˜God.â€™â€¦It is a terrible feeling of being on the other side of that (press coverage).
â€œSo we looked at (Googleâ€™s Web site) traffic and revenue and they were explodingâ€¦ We had a very, very strong quarter right after the worst possible press about â€˜the idiots running the company.â€™
â€œI donâ€™t know what that tells you.
Schmidt then paused and begged the reporters to create a new Google press frenzy:
â€œSo, yes we are IDIOTS â€” and please WRITE THAT DOWN.â€?
You can listen to the audio of the entire interview here.