$1.9 Billion is hard to ignore
Google’s 4th quarter earnings call included the disclosure that in 2006 they spent $1.9 Billion on infrastructure with an expectation that 2007 will bring more of the same.
Here’s one way to look at these staggering numbers. Google’s Adsense revenue for just the 4th quarter was $1.2 billion. They can almost fund their capital expenditures for the whole year using just one quarter’s worth of Adsense revenue.
In addition to building data centers, they have also been securing fiber rights. Those trends will obviously continue. Google speculation is a full time activity on the Net, but a read of their conference call will ground you in what they have actually done.