Insights from the Google parallel universe
Google co-founder Sergey Brin told reporters at the end of the day: "Occasionally we've lost one here, one there...Some of our competitors might be willing to spend very large amounts of money...and we're really interested in doing sustainable economic deals, so we would rather not participate in those sorts of transactions. But we definitely wish those companies well."
"I'm on the board of Apple. I'm using the iPhone," said Schmidt, holding up his phone to show reporters. "We have a policy of not talking about future products."
What Schmidt wanted to talk about was Google's hosted Apps business, which puts it in competition with Microsoft's desktop applications. "People always compare us to the market leader. We're not trying to solve that problem; we're trying to solve a different problem," to offer the ability for people to collaborate on documents, Schmidt told analysts.