A Walk Through the Google Search Factory

"Google (GOOG:Nasdaq - commentary - research) held what it called a 'factory tour' Thursday to walk journalists and industry analysts through its search and advertising businesses and to sketch broadly where the company is taking dozens of initiatives.
Rather than using the day as a launching pad for new projects or developments, Google paraded out a number of product managers who explained how the company's search technology and advertising programs work. CEO Eric Schmidt also offered up the usual chestnuts of how Google has 294 years to go in achieving its 300-year goals (a time frame that should inspire some interesting valuation models among financial analysts) and how heavily the company relies on its homegrown 70-20-10 formula. "

[The Street]