From the fate of other 'search' companies (some of which were very good), I'd say the board at FAST were correct - and that you're the idiot.
So, you are saying, two competing companies doing about the same thing. One quits the business, the other goes on to be HUGELY successful, and I'm the idiot for calling the quitting company's manegement idiots? Sorry Bjorn and Larvik screwed the pooch and killed a potentially golden goose.
Google isn't a multi-billion dollar company because they're exceedingly good at search - they're a multi-billion dollar company that's exceedingly good at delivering advertisements (only a fraction of which are on their search pages).
You may have missed what I wrote: "Google sells ads, nothing else even comes close on their books."