It's no coincidence that during those lost years, while Microsoft was distracted, Google locked up the search market and Apple sewed up the digital music market with the iPod. During that time, Microsoft was also unable to capitalize on Windows Mobile, a smartphone platform it had developed years before Apple's iOS. Before the suit, Microsoft practically owned the tech industry. Ever since, it's been playing catch-up in every important growth area.
The same thing could easily happen to Google. So if you're trying to figure out Google's future, don't look at its tech competitors -- watch the FTC.
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