Thursday, January 27, 2011

Schmidt: We Worry More About Microsoft Than Facebook (GOOG, MSFT) [SFGate]

I think these competitive perspectives help to explain why Eric Schmidt will soon be “former Google CEO Eric Schmidt”

In an interview with Fortune's Adam Lashinsky, Google CEO Eric Schmidt said that Microsoft is Google's top competitor, and questioned why everybody is so obsessed with Facebook and Google.

Schmidt, who is stepping down from the CEO spot in April to focus on the company's relationships with partners and regulators, told Lashinsky "Microsoft has more cash, more engineers, more global reach. We see competition from Microsoft every day." He also noted that Facebook has never stated ambitions to get into search, and that Facebook ads don't displace Google's ads.

Schmidt: We Worry More About Microsoft Than Facebook (GOOG, MSFT)

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