Digital Gadgets, something NEW

Google CEO Eric Schmidt is onstage at Web 2.0 Expo right now showing slides that are running on Docs and Spreadsheet's newest app: the presentation service.

Schmidt is being interviewed by John Batelle.

John Batelle asks, "Is this a competitor to Microsoft Office [and PowerPoint]?"

Schmidt: "I don't work at Microsoft."

Batelle: "Come on!"

Schmidt: "Microsoft does have a collection of Web-based products. But for people who need presentation apps on the Web, they're going to use this. This is a testament to the strength of Web 2.0."

See Previous coverage of Google's presentation app.

Now Schmidt is talking about the DoubleClick acquisition, previously reported about on News.com.

More as it develops.

Update: We've got some hasty digital camera footage from the announcement and embedded it below. See also the News.com story.