Not really, as zeckalpha pointed out, this is quoted out of context and was talking about OpenText:
"The difference between Google's advertisements and OpenText's is Google (usually) identifies advertisements as advertisements."
Also, Google results have gotten significantly better than they were in 1998 so even if we ignore the OpenText context, I don't see how this could be a successful prediction as you're trying to imply.
Why is this anti Google propaganda? I can't see a single point that is not reasonable enough on its own merit, and none of them applies to Google alone, but to all search engine providers.
First and foremost it's off-topic. Second, these are the same citations used by those who were pushing for the FTC to sue Google for antitrust, so they have political baggage, third: it's before the company was founded so it's all academic and theoretical with no actual experience behind it, fourth: context matters - choice quotes from long texts have been used for Google bashing before, some earlier this week even.
Being before or after the company was founded, being 10 years ago or today, has absolutely no bearing on whether what was said is right or not. Experience != truth, just having experience doesn't mean what you say is more likely to be right. The theoretical can be right or wrong. You haven't proven your argument at all.
That's not "anti-Google propaganda". That's honest criticism from an old geek.