Wednesday, June 22, 2005

InformationWeek > Google > Google CEO: We Won't Compete Directly With PayPal > June 21, 2005

InformationWeek > Google > Google CEO: We Won't Compete Directly With PayPal > June 21, 2005: "Google Inc. CEO Eric Schmidt on Tuesday denied recent media and analyst reports that the online search engine leader is gearing up to compete directly with eBay Inc.'s pioneering PayPal service, although he acknowledged some kind of electronic payment product is in the works.
Although he declined to provide any details about the project, Schmidt made it clear it won't trespass on PayPal's turf.
'We do not intend to offer a person-to-person, stored-value payments system,' Schmidt said during an interview with The Associated Press. "
Post a Comment