Google too developing a smartwatch?

Well, well, well! I can see that the smatwatch is the new bone of contention between these technology giants: Apple, Samsung and Google. Apple and Samsung had said they are developing a smartwatch a few weeks ago and now, Google is doing the same.
Reports from the Financial Times has it that search engine giant, Google is developing a smartwatch too.The company is developing the smartwatch in its Android unit, rather than its Xlab which developed the Google Glass.
A few days ago, Samsung made it known to us that it is developing a smartwatch that is expected to do most of the task a smartphone does -->