CIO News Alerts - Blog - CIO: "Google announced this week three new free search offerings and pledged to focus its business on the search space, The Wall Street Journal reports.
The news comes at a time when the competition for market share in the search industry is beginning to heat up. Just last week, it was reported that Microsoft held company meetings to consider forming an alliance with Yahoo against Google. For more, read Microsoft Considered Teaming Up With Yahoo Against Google.
Google Chief Executive Eric Schmidt downplayed the scale of that competition and stressed that there will never be a sole king of the search space, according to the Journal. “There’s not going to be a single winner,” Schmidt told the audience at Google’s yearly meeting with the press, the Journal reports. Schmidt also noted that he thinks healthy competition will build the industry and boost ad prices, according to the Journal."
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