UPDATE 1-Google scraps China leg of Nexus One event -source

* To introduce Nexus One to developers in HK, TW -source

* Google looking to fill dozens of jobs
(Adds details of move, quotes)

BEIJING, Feb 24 (BestGrowthStock) – Google Inc (Read more about Google Stock Analysis) (GOOG.O: ) has
scrapped the China leg of a regional event to show software
developers its first smartphone, the Nexus One, in Beijing, its
second such move following its threatened pull-out from the
country.

Google will introduce the sleek touchscreen phone to
software developers in Hong Kong and Taiwan next week, but will
not stage a similar event in Beijing as developers were
originally expecting, said a source close to the company,
speaking on condition of anonymity due to the situation’s
sensitivity.

“If Google did not have such an issue with the Chinese
government, they would have conducted a similar event in China
too,” said the source.

In January, Google threatened to shut its Chinese Google.cn
portal and pull back from China, citing problems of censorship
and a hacking attack from within the country.

Shortly after it announced the high-profile threat, Google
delayed the launch of two mobile phones in China which use its
Android platform. [ID:nTOE60I0AR]

Analysts have said a showdown between Google and the
Chinese government could hurt mobile phone makers who had bet
on the Android system to increase sales in the world’s biggest
mobile market.

In soothing words for investors, a Chinese industry
official said late last month that Beijing would not seek to
limit the use of Android mobile phones in China.
[ID:nSGE60Q07I]

The standoff has also made many staff at Google’s China
operations worried about their jobs, the source said.

Google is currently looking to fill dozens of jobs,
including sales, business development and research and
development in Beijing, Shanghai and Guangzhou, according to a
job post on its website
(http://www.google.cn/jobs/positions.html).

It was not immediately clear if the number of job postings
was higher than usual.

Google’s Beijing-based spokeswoman could not be reached for
comment.

Google has been reportedly talking with the Chinese
government over both the censorship and hacking issues in a bid
to resolve the matter.

It hasn’t commented publicly on those discussions, but
sources told the New York Times last week the sophisticated
hacking attack that set off the standoff may have originated in
two Chinese schools, including one with military ties.

China has labeled Google’s assertions that its computers
were attacked by hackers based in China as groundless.
[ID:nN23123365]

Stock Market Basics

(Reporting by Michael Wei and Jacqueline Wong; Editing by Doug
Young and Muralikumar Anantharaman)

UPDATE 1-Google scraps China leg of Nexus One event -source