Schmidt: Google 'unlikely' to buy Twitter soon

From CNET News.com: Google has a short message for those wondering whether the search giant will soon buy micro-blogging site Twitter: "unlikely."

That was Google CEO Eric Schmidt's response Friday when queried on the topic during a wide-ranging interview with journalist Charlie Rose. Schmidt said:

"I shouldn't talk about specific acquisitions. We're unlikely to buy anything in the short term partly because I think prices are still high. And it's unfortunate I think we're in the middle of a cycle. Google is generating a lot of cash. And so we keep that cash in extremely secure banks."

Rose didn't press Schmidt for more perspective on the micro-blogging site. But earlier in the week during an on-stage chat at the Morgan Stanley Technology Conference in San Francisco, Schmidt called Twitter a "poor man's" e-mail system. "They have aspects of an e-mail system, but they do not have a full offering," he said at the conference.

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