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Google’s entry into the operating system market with Chrome OS should have obvious, broad impact not only on Google (NSDQ: GOOG) itself but also on its established relationships with other companies. At the Allen & Co. Media Conference Thursday, CEO Eric Schmidt (pictured left, with Bill Gates), along with Google co-founders Sergey Brin and Larry Page, fielded questions on some of the implications of Google’s new initiative. Highlights (via the WSJ):
— Competition? What competition? The new operating system will increase the size of the netbook market, not necessarily cut into Microsoft’s (increasing) share of that business, the executives said. They also invited Microsoft (NSDQ: MSFT) to put its own browser on Chrome OS, although they acknowledged it was unlikely that Microsoft would do that.
— What happens with Android One question is how much Chrome OS will overlap with the company’s existing Android operating system, which was already expected to be put on some netbooks. “There’s a great deal of commonality,” Schmidt said.