Schmidt: Independent Yahoo better for competition

July 11, 2008 By JEREMY HERRON , AP Business Writer Schmidt: Independent Yahoo better for competition (AP)

In this May 5, 2008 file photo, workers walk outside of a Microsoft campus in Mountain View, Calif. Microsoft Corp. threw its weight behind investor Carl Icahn's effort to oust Yahoo Inc.'s board next month, saying Monday, July 7, 2008, that a successful rebellion would encourage the software maker to renew its takeover bid for Yahoo or negotiate another deal. (AP Photo/Paul Sakuma)

(AP) -- Google Inc. backs Yahoo in its effort to stave off an unsolicited takeover by Microsoft Corp. because an independent Yahoo will increase competition in the Internet search and advertising markets, Google Chief Executive Eric Schmidt said here Thursday.

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