Feeds

Ellison lawyer nixed Apple acquisition

But Larry got on the board anyway

  • alert
  • submit to reddit

Intelligent flash storage arrays

Oracle and Apple -- together forever. That scenario was within a gnat's part of becoming reality, had Larry Ellison not heeded the advice of his lawyer. According to the Oracle CEO, quoted in the US media, he was ready and willing to buy the ailing Mac maker at $13 a share, "but my lawyer said I knew too much" -- his close friendship with Steve Jobs, then advisor to Apple CEO Gil Amelio, gave him insider knowledge. In turn, that would have raised serious questions at the Department of Justice, Ellison said his lawyer had warned. So "I decided it just wasn't that much to me to deal with [DoJ] lawyers. I walked away". Ellison's highly public scheme to buy Apple centred on the formation of an independent investor group to take control of the company through a massive share purchase. Ironically, through Jobs' own manoeuvrings to oust Amelio, become interim CEO and install a new board -- believed by many Apple watchers to be not dissimilar to Ellison's own band of investors -- on which Ellison himself now sits, the Oracle chief got his way without spending a penny. Apple's stock is now trading at around $37.7. At Ellison's behest, Apple was soon said to be developing a MacOS-based NC. That project ultimately become the recently released iMac, and the Oracle boss also said yesterday that the Apple has to get a cheaper version of its Internet-oriented computer to market. The company is also believed to be working on a faster version for business users. Elsewhere, Ellen Hancock, brought in by Amelio as chief technology officer but who later quit after the arrival of Jobs, has been named CEO of Exodus Communications, a provider of enterprise intranet management solutions. She has been company president since March. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.