Google Turns On Charm

Google(GOOG Quote) spent Wednesday's annual open house trying to downplay talk of a growing rivalry with Microsoft (MSFT Quote) for Web supremacy.

"We obviously worry about competition, as any company should," said Larry Page, one of Google's founders, at the event for the press and industry analysts. He added that the Mountain View, Calif.-based company "tries not to be focused on what they are doing," referring to Microsoft.

Chief Executive Eric Schmidt argued that the media shouldn't be obsessed with finding a winner and a loser. Besides, he says Google has "the luxury of time," thanks to its strong cash flow, to continue developing innovative products and services. ...