Apple and Google working on "many more" projects

Schmidt made the comments at the Morgan Stanley Technology Conference in San Francisco while responding to a question concerning rumors that the two firms were working on a tablet-style personal computer.

Without commenting specifically on the rumor, Schmidt reportedly said Google and Apple are "doing more and more things together."

"We have similar goals, similar competitors," he added.

Thus far, Apple has integrated Google's geographical mapping service into its upcoming iPhone hand set. Rumors have also suggested that Google's technology will play an increasing role in the Mac maker's upcoming Leopard operating system release.

Schmidt, in addition to his role atop Google's executive hierarchy, is also a member of Apple's board of directors.