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Google Cap-Ex: Or Why $1.8M On Aeron Chairs Is Good News

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Henry Blodget explains.

So maybe the outlook for free cash flow growth isn't as bad as it seemed. Unless Google plans to become a REIT, approximately $750 million of the $1.5 billion in CAPEX estimated for this year should disappear. When/if it does, this will provide a nice lever for cash flow acceleration.

Where Google's CAPEX is really going [Internet Outsider]