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Despite Glass Failings, Google Defends License to Spend

Google Inc plans to keep making ambitious and costly bets on futuristic products, even if it means shelving some of its most beloved projects. The Internet search company acknowledged for the first time on Thursday major problems with its Google Glass wearable computer, noting that it was time for a “pause” and a strategy “reset.” The comments by Chief Financial Officer Patrick Pichette during Thursday's quarterly results conference call struck a decidedly different tone from...

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