The latest news reports suggest that Eric Schmidt, Google Inc. chief executive officer won’t take a technology post in President-elect Barack Obama’s cabinet. In a TV interview conducted on Friday, Schmidt declined such a post.

During the campaign for the presidency, Obama said, “I would create a cabinet post similar to a chief technology officer to advice on tech issues.” Some watchers claimed to have seen Schmidt, a strong supporter of Obama, most likely with the motive to be tapped for that post.

New York, Nov. 11 : An image of Google CEO Eric Schmidt flanking U. S. President-elect Barack Obama during his first post-election press conference is being with alarm by Google’s competitors.

“This terrifies Microsoft. There’s a reason why people are scared to death of Google,” Politico quoted a Democratic lobbyist familiar with the industry, as saying.

Friday''s press conference Friday came just two days after Google threw in the towel on an attempted Internet advertising partnership with Yahoo.

San Francisco - Google CEO Eric Schmidt is to endorse Barack Obama and start campaigning for him, he told the Wall Street Journal Monday.