Eric Schmidt

Talking to journalists at the Allen & Co. media conference in Sun Valley, Idaho, chairman of Google Inc Eric Schmidt said that the company is open to more co-operation with social-media giants Facebook and Twitter, and believes there is room for multiple social networks as it is launching its another social media project.

Schmidt noted that Google will cooperate fully with U.S. antitrust regulators but will not let the formal probe launched last month distract or disrupt its strategy.

The meeting of tech industry players ended up in selecting Eric Schmidt of Google Inc and Mark Zuckerberg of Facebook and others as delegates to talk at the Group of Eight meeting Thursday in Deauville, France. Schmidt and Zuckerberg uttered their warning to governments to tread lightly on Internet regulation because moves to tame its rough edges risked hurting its virtues.

Google Inc has announced launch of its own online payment system enabling Internet publishers to set their own prices for their content.

In its move to reorganize for being better equipped to challenge Facebook-likes in the social networking industry Google is replacing Eric Schmidt with a co-founder Larry Page to take the CEO seat in the company. Meantime, Schmidt will be appointed to the position of executive chairman. Google, in turn denied any “reaction to competitors” explaining its actions. The news came from the company as it had posted better than expected quarter earnings.

Eric Schmidt of Google said that he "misspoke" when he suggested that people who don't like pictures of their homes appearing on Street View should "just move".

"As you can see from the unedited interview, my comments were made during a fairly long back and forth on privacy. I clearly misspoke," he said.

"If you are worried about Street View and want your house removed, please contact Google and we will remove it."

Consumer Watchdog has created a parody video which depicts Google CEO Eric Schmidt as a kind of evil ice cream man. The video is a commentary on what the group perceives to be Google's lack of regard for consumer privacy. In particular, the video was meant to accentuate an infamous quote from Schmidt in which he said that if you have something you don't want anyone to know, maybe you shouldn't be doing it in the first place.

Consumer Watchdog President Jamie Court writes on the organization's InsideGoogle blog:

Google was ordered to defend itself against a lawsuit by its former manager who had been allegedly fired for being too old. The California Supreme Court unanimously agreed that a trial court erred in dismissing a complaint by Brian Reid, who was hired in 2002 as a director of operations and engineering, and fired less than two years later at age 54 after being told he was not a good "cultural fit." It means the case returns to the trial court.

According to the Wall Street Journal reports Google Inc is in talks with gaming companies as it is preparing to launch a Facebook rival social network.

Citing the sources familiar with the matter, the Journal reports that the search giant has had talks with makers of online games for the service including Playdom Inc, Electronic Arts Inc's Playfish and Zynga Game Network Inc.

The report said is unclear when the new offering will be launched.

As it’s known, about three weeks ago Eric Schmidt got a letter from data protection officials representing Canada, France, Germany, Ireland, Israel, Italy, the Netherlands, New Zealand, Spain, and the UK that was expressing concerns about Google Buzz and Google's overall approach to privacy. 

 In a recent interview to IDG News Service a vice president of Search Products & User Experience at Google Marissa Mayer explained the words of the company CEO Eric Schmidt that he uttered during the company's earnings call: "We want to get to the perfect search engine." She also disclosed the “secret” that keeps Google ahead on search and elaborated on other Internet search related issues.

 Addressing CIOs and IT directors at last week's Gartner Symposium/ITxpo Orlando 2009 the chief executive officer at Google Inc Eric Schmidt stated that within five years the Internet will change from what it is understood to be nowadays. He said that most of the online content will be dominated by Chinese language and social media while the borders between TV, radio and Internet resources cease their existence. Internet users will be obtaining the information not through the conventional channels but from each other.