Eric Schmidt's faulty list

The future of the industry isn't going to be a race between Google and Apple with Microsoft, IBM and Oracle all set to play a pivotal role.

Google’s executive chairman Eric Schmidt recently reiterated his view that technology today was being driven by only four companies; Google, Apple, Facebook and Amazon. It is worth noting that Schmidt is possibly not one of the world’s most perceptive people.

He personally regrets not having recognised the importance of social networks during his time as CEO of Google. His replacement as CEO by Larry Page was put down to his lack of vision and his failure to drive innovation at Google.

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