Google CEO quits Apple board

Cupertino (California)
The Hindu Business Line
The Google CEO, Eric Schmidt, has resigned from Apple's board of directors as the Internet search leader increasingly develops products that compete with Apple's core businesses, including the popular iPhone.

The Apple Inc CEO, Steve Jobs, said Schmidt would have had to excuse himself from large portions of the company's board meetings to avoid potential conflicts of interest. ''Therefore, we have mutually decided that now is the right time for Eric to resign his position on Apple's Board,'' Jobs said in a statement.