"Google chairman Eric Schmidt took responsibility for the search titan's failure to counter Facebook's explosive growth, saying he saw the threat coming but failed to counter it."Note: The original link's landing page was changed after we posted it. The one showing now goes to a Wired article.
The same story (coverage of a May 31 conference presentation by Schmidt) also quotes him as saying, unsurprisingly, that cloud services will be 'the death of IT as we know it.'"
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