I think people are really waiting to see what Larry Page will have to say in his capacity as CEO. Maybe that will really set the record straight, Schmidt has a habit of saying lots of words without moving the needle.

That's actually a good trait in a publicly traded company, the few times that he said stuff that bit it didn't do google much good.

Facebook, Apple, Google, Yahoo, AOL and every other media or media related company are all in competition with each other to some extent. The arena of choice for now is 'mobile' and whoever hits the ball out of the park will be around for a long long time. For now it looks as though Apple has the lead, Google is playing catch-up, Facebook is still a wannabe but very well positioned, Yahoo and AOL have dropped the ball. Microsoft is - interestingly enough given their history - in the position of a very distant underdog but I wouldn't count them out.

Time will tell.