Just when Wall St. thought Google’s (GOOG) growth might begin to slow because it already has such a huge piece of the PC market, the company says that mobile advertising is about to explode.

"It’s the recreation of the Internet, it’s the recreation of the PC (personal computer) story and it is before us — and it is very likely it will happen in the next year," said Eric Eric Schmidt, Google’s CEO, according to Reuters.

Even if Google does not win any bandwidth at the current FCC wireless auction it may have a huge place on the mobile handset because of it search, mail, and mapping technologies.

It looks like Google’s expansion may not be slowing.

Douglas A. McIntyre