schmidtgatessunvalleyGoogle CEO Eric Schmidt spoke with reporters in Sun Valley for 75-minutes yesterday.

Here’s what he said:

  • He spent the past six years telling cofounders Sergey Brin and Larry Page Google wasn’t ready to take on Microsoft in an operating systems war. Now it is.
  • Eric doesn’t think there’s a conflict of interest that should keep him off the Apple board, but he’s willing to talk to Apple about it.
  • As for the economy, Eric sees sluggish growth and consumer frugality as the new normal.

Here’s the AP story:

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