Eric Schmidt, executive chairman of Google, talks on the new yet to be released Google produced Moto X phone at the annual Allen and Co. conference in Sun Valley

Eric Schmidt, executive chairman of Google, talks on the new yet to be released Google produced Moto X phone at the annual Allen and Co. conference in Sun Valley

Eric Schmidt, executive chairman of Google, talks on the new yet to be released Google produced Moto X phone at the annual Allen and Co. conference in Sun Valley, Idaho Resort July 11, 2013. REUTERS/Rick Wilking (UNITED STATES – Tags: BUSINESS)

Eric Schmidt with the Moto X

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