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September 21, 2011 11:56 pm GMT

Schmidt: "Senator, I Can Assure You We Have Not Cooked Anything 

Schmidt WashintonThe Senate Judiciary Committee is holding Antitrust hearings on Google today and Google chairman Eric Schmidt is in the hot seat taking questions under oath. The hearing is under way right now (you can watch it live here). The main question the Senate hearing is trying to answer, says committee chairman Senator Patrick Leahy (D-Vermont), is whether "Google is in a position to determine who will succeed and fail on the Internet.Google's dominance in search and search advertising (with estimated market shares of 65% to 70% in search, 75% in search advertising, and 95% in mobile search) puts it in the antitrust crosshairs. Schmidt opened his remarks by assuring the Senators, "We get it." He cautioned them not to confuse Google for its historical predecessor, Microsoft. "Not all companies are cut from the same cloth," he said. Nevertheless, the hearing set out to determine whether Google is using its dominance in search to favor its other products (such as Google Places, Shopping, Maps, Android) over those of its competitors.

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