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(From AFX Europe (Focus))
SAN FRANCISCO (AFX) -
Apple Computer Inc. named Google Inc. CEO Eric Schmidt to its board of directors Tuesday, creating a high-profile link between two of Silicon Valley's most prized companies as they try to expand their recent successes and topple Microsoft Corp. as high technology's kingpin.
Schmidt becomes Apple's eighth director. He joins the company's board amid a brewing stock option scandal that has raised questions about the board's oversight of the past compensation practices and exposed Apple to a possible de-listing from the Nasdaq Stock Exchange as it considers restating some of its past profits.
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