During an interview with the Fox Business Network, Google CEO Eric Schmidt said his company has learned from Microsoft's past follies in terms of antitrust issues and letting the competition catch up.

"Hopefully we won't repeat the mistakes that Microsoft made 10 years ago that ultimately led to all these things that happened to them," Schmidt said.

Schmidt was also pressed on the potential for Twitter and Facebook to steal the thunder from Google among younger Internet users. But according to Schmidt, it's not a big concern because users of social networking services end up using Google even more.

You can view the two-part interview here and here.