Google made some noteworthy announcements at its Google Analyst Day yesterday, but they were overshadowed by Microsoft's announcement earlier in the day that it was acquiring a $240 million stake in Facebook, a prize for which the two companies had reportedly engaged in a heated bidding war. Among Google's news: the early success of its Apps business.
The search engine giant also explained why it planned to bid on wireless spectrum and said it was optimistic about getting US approval of its DoubleClick deal. Company reps flat-out refused, however, to discuss anything specific about Facebook or the rumored Google Phone. Co-founder Sergey Brin said the firm didn't need "to own everything successful on the Internet."