Eric Schmidt says it's about "mobile" and "local"

Eric Schmidt just told the audience here that mobile and local represent two of the biggest areas in the next wave of technology growth. Just as the words left his mouth, 2,000 pens went to paper and the typing on keyboards echoed around the room. I have a sneaking suspicion that tomorrow, there will be lots of people here connecting local communities via mobile devices with a product that's in private beta:)