| Source: thenextweb.com --- Friday, November 04, 2011 from Google http://www.rssmicro.com/?q=Google&f=0 | |||
| | |||
| | |||
|
Last month, Google's Chairman Eric Schmidt appeared before the Senate Judiciary Antitrust Subcommittee to answer questions about whether the company's practices were anti-competitive. Schmidt hedged many of his answers with qualifications, but two points jumped out. The two most interesting things he said indicated plainly that he did not believe that Apple was a competitive threat and that he admitted that Google was a dominant force in the search market. Now, the committee has released a full list of the written answers to their additional questions posed to Schmidt and he has changed his tune on both of those points. In relation to Apple as a competitor, Schmidt calls Siri a "significant development" and that its effectiveness as a search tool somewhat blindsided Google. "Google has many strong competitors and we sometimes fail to anticipate the competitive threat posed by new methods of accessing information." Additionally, in the written answers, Schmidt states that Google is, in fact, not dominant in search and said that the company has 'worked very hard' to be where it is and has also been 'blessed with some good luck. "I am confident that Google competes vigorously with a broad range of companies that go well beyond just Microsoft's Bing and Yahoo," said Schmidt, "and that Google has none of the characteristics that I associate with market power." It would appear from the way that Schmidt has changed his tune about both c ...
Friday, November 4, 2011
Google’s Eric Schmidt thinks Siri is a significant competitive threat
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment