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It's Google's Turn to Dazzle at This Week's I/O Conference

NEW YORK ( TheStreet) -- Now it's Google's (GOOG - Get Report) turn to brag -- Google's turn to dazzle us and let the world know what it's working on. This week, the annual Google I/O developers conference will be held in San Francisco and we expect to get a better idea what nifty ideas to expect from the company in the coming year and beyond.

Google's annual show and tell comes just a few weeks after Apple's (AAPL - Get Report) similar World Wide Developers Conference, also held at San Francisco's Moscone Center. Expect many of the announcements to mirror, in many ways, what its chief rival is working on.

In previous I/O gatherings Google has introduced a number of new ideas and products which have gone on to mass acceptance such as Chromebooks, the inexpensive laptops and desktops based on the company's Chrome Web browser; Nexus tablets, especially the very affordable and successful Nexus 7; the $1,500 wearable computer Google Glass; and, of course, the newest features coming to its Android and Chrome operating system.

Some of the things Google will brag about are pretty easy to predict. Definitely expect a lot of talk about the next, greatest version of the Android operating system, Android 5.0, nicknamed "Lollipop." People in the know say 5.0 will be a big overhaul of the user interface and home screen possibly on the scale of what Apple has announced for the next version of its smartphone/tablet software iOS.

The new and improved OS is also rumored to support fingerprint recognition as well as multiple improvement to the Hangouts messaging environment.

But, as always, the flashiest news will come from hardware side of the announcements. This year is expected to be the year of Google smartwatches. Actually its an entirely new platform of wearable computing devices called "Google Wear."  For months, Motorola (soon to be part of Lenovo) smartwatch prototypes have been "leaked" on the Web. Others will join in on the fun. Expect Samsung and LG to be part of the new smartwatch brigade. Google Wear will make the third smartwatch operating system Samsung has tried within a year -- Android, its homegrown Tizen and now Google Wear.

Of course, the announcement will be timed to beat Apple and its iWatch to the punch. The iWatch is expected to be announced this fall.

As for Google's other wearable computer system, we should hear more about what's happening with Google Glass -- what features are being added and whether the price will ever drop from its lofty $1,500+ sticker price.

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