Google continues to make piles of cash in search

Apple’s unpaid press office, the New York Times, has released a yarn  which said that Google is doing rather well.

However, realising that the story praises Google which competes against the iPhone, the sad rag has bent over backwards to include Jobs’ Mob in a story where it does not belong.

“Google may be fighting a multifront war against Apple, Microsoft, federal antitrust regulators and the government of China, but its online advertising business continues to hum along nicely,” the intro trumpets.

The story then goes on to say Google topped published forecasts on Thursday, reporting that its net income in the first quarter jumped more than 37 percent from the recession-mired quarter a year ago. Sales grew 23 percent from the period a year earlier.

For the record, Apple does not have a search business and certainly does not deserve a mention in the first line of a story about Google’s search.

Neither did the Times want the story to be anyway seen as helpful to Google. In the third paragraph, the knives were out. Stock was down nearly five percent in after-hours trading because the results were lower than the “whisper number” of analysts, hissed the Times.

It claimed that the reason for Google’s earnings growth being limited was that it expanded its own operations and hired more than 800 employees. Gosh, that is a sign of a company going to the wall isn’t it?

Patrick Pichette, Google’s chief financial officer, said the company “performed very well” in the first quarter. “Going forward, we remain committed to heavy investment in innovation — both to spur future growth in our core and emerging businesses as well as to help build the future of the open Web.

To balance this the Times commented on the fact that Eric Schmidt, the chief executive, did not participate in the conference call over finances.

“The company hopes that Mr. Schmidt’s absence from the quarterly earnings ritual will help focus Google watchers on the company’s financial performance rather than broader issues like its mobile strategy, or talks with Chinese officials,” the Times claimed.

However, the story was all about search and was falling to give Apple its free plug, in accordance with New York Times editorial guidelines.

Near the bottom of the story there was this silly comment that driction intensified with Apple, a former ally, as they continued to compete aggressively in mobile phones and there were reports that Google’s flagship phone, the Nexus One, was not selling as well as expected. Ooohhh an Apple dig in favour of the iPhone, well done the New York Times.

That left the Times free to spend the rest of a story about how well Google did last year slagging off the Nexus.

This is a bit of strange logic as Google’s figures show the Nexus is also doing quite well.