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Some people join wine-of-the-month clubs. There are plenty of other programs out there, too, where your credit card is hit every month, and your purchase is sent to you directly. If only such programs were available for Google (NASDAQ: GOOG). . . .
The company's CEO, Eric Schmidt, said Wednesday that Google plans to pick up a small company a month as a way to get its acquisition head back in the game. With the worst of the recession behind us, Google believes, this is a great way to get moving.
Beyond the obvious advantages of well-executed small company acquisitions, Google also has market conditions in its favor. The start of a recovery means we're still close to the bottom – we're just moving away from it. So, the companies Google wants to pick up are likely at their lowest values in a while. The blue light is flashing, and Google is shopping.
This development comes after Schmidt took a break from M&A earlier this year, indicating that prices were too high to make the buys worthwhile. Schmidt says these acquisitions could be used "largely in lieu of hiring," according to a report in USA Today.
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