CEO of Google Eric Schmidt released some news about an upcoming Android based tablet competitor for the iPad. As reported in New York Time (via) Gizmodo.

Eric E. Schmidt, chief executive of Google, told friends at a recent party in Los Angeles about the new device, which would exclusively run the Android operating system. People with direct knowledge of the project — who did not want to be named because they said they were unauthorized to speak publicly about the device — said the company had been experimenting in “stealth mode” with a few publishers to explore delivery of books, magazines and other content on a tablet.

Interestingly Steve jobs coffee date with Mr Google revealed right there that it won’t be running Google’s ChromeOS once thought. The future of the cloud once again suffers for the app-rich present. With Apple closing the functionality gap with iPhone OS 4, and Google is closing the usability gap with Android 2.1 and Froyo, it will be a tight race. Let the competition games begin. It will be a see-saw of events in the upcoming technology future.

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