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Feb 15, 2011, 12:23 PM:

Feb 15, 2011, 12:21 PM: Schmidt thinks technology can eventually make the world a better place.

Feb 15, 2011, 12:20 PM: Schmidt is excited that 2 billion more people -- the unconnected -- will eventually become connected. Once we hear from them, we're going to be able to learn a lot more.

Feb 15, 2011, 12:19 PM: Trying to figure out if he believes we are becoming -- or should become -- automatons due to being fed so much data, suggestions, etc.

Feb 15, 2011, 12:18 PM: People are online with us 24 hours a day, across time zones and locations.

Feb 15, 2011, 12:18 PM: People thinks that we don't talk to one another enough, and that it can lead to conflict. He hopes that computers can help us to talk more and avoid conflict.

Feb 15, 2011, 12:17 PM: "When was the last time you had a good 'being lost' experience?" You have to turn off your computer to get lost, and you never turn off your computer. And, with your permission, all your friends can find you, too.

Feb 15, 2011, 12:16 PM: Computers are good at the things that we aren't good at -- taking notes, making lists, remembering stuff.

Feb 15, 2011, 12:15 PM: Schmidt says that he is a computer scientist be nature. He thinks that information problems can all be save by computers -- including phones and tablets.

Feb 15, 2011, 12:14 PM: Information is what people care about more than anything else. Oooo, he just took a shot at "repressive governments."

Feb 15, 2011, 12:14 PM: Google understands that all of this is disruptive. Internet is fundamentally replacing scarity with ubiquity. This is all exciting and terrifying.

Feb 15, 2011, 12:13 PM: Able to monetize video business for professionals now in YouTube, and things are finally scaling up to handle serious streaming, advertising, and an ecosystem.

Feb 15, 2011, 12:12 PM: Google already has 160 million users of its Chrome browser. Thinks that browser-based apps and the cloud will be important. Schmidt is a little bit smug about how awesome he thinks Google is.

Feb 15, 2011, 12:11 PM: Mobile search is a core part of Google's business.

Feb 15, 2011, 12:10 PM: Schmidt really thinks that location-based services -- and especially search -- is really just at the beginning of what can be offered via mobile devices.

Feb 15, 2011, 12:09 PM: Google says that with Livesearch Google is answering questions as people type them, and thinks that this saves 5 to 10 seconds per search.

Feb 15, 2011, 12:08 PM: Schmidt says that the demo was to prove just how much we can accomplish from mobile devices (even those as large as a tablet).

Feb 15, 2011, 12:07 PM: Last, he uploaded the video to YouTube, then opened up the YouTube app to view it live online. They are talking about how great Android 3.0 Honeycomb is, but they are having a bit of a network fail at the moment.

Feb 15, 2011, 12:05 PM: Pretty cool to see how he made a video with transitions, effects, and a soundtrack all on the Xoom tablet.

Feb 15, 2011, 12:04 PM: They are demonstrating a video editing application on the Motorola Xoom, called Movie Studio. He is re-ordering pictures, showing how pan-and-zoom might work, basically showing off some capabilities of the software.

Feb 15, 2011, 12:02 PM: Demo: Guy uses Nexus S, takes photos, uploads to Picasa. He likes the Motorola Xoom as a way to consume media when he gets home. Believes tablets can be used to create content and distribute it via LTE.

Feb 15, 2011, 12:01 PM: Schmidt says we're going to see a demo from one of Google's partners. New device to be shown?

Feb 15, 2011, 12:01 PM: We can take devices and do amazing things. Thinks the computers that are in the cloud are doing the real work to make things happen. Speak or translate languages, learn CPR, save a life, location dependency and share information with friends and family.

Feb 15, 2011, 11:59 AM: Why is my phone not able to do something that is really important, such as take care of health, monitor blood pressure, etc.

Feb 15, 2011, 11:59 AM: Schmidt says Bill Gates' predictions in 1990 were right, it just took longer to accomplish because the buildout took so long.

Feb 15, 2011, 11:58 AM: What about your phone helping you learn new things and helping you meet people you might not have met otherwise. It's the new serendipity.

Feb 15, 2011, 11:58 AM: Phone + network + cloud services = how the future will evolve. Why don't things automatically upload? Using location to find friends and share things.

Feb 15, 2011, 11:56 AM: Schmidt: The phone is the new PC, if you will.

Feb 15, 2011, 11:56 AM: Schmidt is glad for the efforts of mobile network operators to build out networks that are already delivering 1Mbps and up, but he's looking forward to what LTE can provide.

Feb 15, 2011, 11:55 AM: THe average connection speed increased 60% over 2009. Says that while connection speeds have gone up, so has the demand for wireless data at this scale.

Feb 15, 2011, 11:55 AM: Admits that he was wrong about predicting smartphone v PC sales. Smartphones are now outselling PCs. PCs won't catch back up.

Feb 15, 2011, 11:54 AM: Schmidt uses a Nexus S. He likes it. He also notes that the Nexus S is "this month's flavor" and that there will be another flavor next month. "Smartphones are clearly taking over."

Feb 15, 2011, 11:53 AM: He believes that applications, mobile networks, and the handsets that tie everything together are what's making things finally work and take off.

Feb 15, 2011, 11:53 AM: Eric Schmidt is talking a lot about how technology is playing a role in our lives. He thinks that it is making our lives better.