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Google (NSDQ: GOOG) CEO Eric Schmidt cautioned during the company’s earnings call Thursday that despite the company’s solid quarterly results, “we’re still basically in uncharted territory” when it comes to the economy. So far, he said, the benefits of the growing move toward online advertising had outweighed the negative impact of the economic slowdown on Google’s results. While revenue was down slightly compared to last quarter, it was up compared to a year ago. Schmidt also said that the next two quarters would be typically weaker due to seasonal trends.
Highlights from the call after the jump, including Schmidt’s comments on Twitter.
Twitter: Schmidt said that the service proved that “innovation is alive and well” in Silicon Valley. “Without commenting specifically about Twitter … you could imagine that … it could be a channel for product information, marketing information, real-time information for which you can hang advertising products, whether it