A great interview by CNBC’s Maria Bartiromo, take a look at the full report CNBC’s interview with Google’s CEO, Dr. Eric Schmidt.

Here are few quotes:

On Mobile

Schmidt: And most people in most developed countries have a roughly 100
percent coverage of mobile phones……

Over the next three or four years, there’ll be more than another billion or so
mobile phones added. Eventually our numbers indicate that there’ll be five or
so billion mobile phones in a world of six billion or so.

On Display Ads and DoubleClick integration

Schmidt: Well, it just started. It started about three weeks ago. And
what we’re doing is we’re taking their products and our products and
integrating them so that people have better tools, advertisers have more,
literally, ads, and publishers have more spots that they can publish
information into. …………. it’s under way. It takes six months to get all the products
together.

On Competing with Microsoft with applications like Gmail and Google Apps

Schmidt: Well, Google is actually trying to be an innovator, and we’re
always concerned about competition.

We’re trying in a new thing called cloud computing to offer very powerful Web services that do the common things–e-mail, word processing and so forth–where the data’s kept in the
cloud, it’s kept by somebody else, it’s managed by professionals. You don’t
need to worry about where you keep all that information. We like that model a
lot. We’re getting traction. It is a competitive threat to other companies,
but we think it’s a technological breakthrough.