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Ellison not dead and not leaving Oracle

Software giant victim of rumour mill

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Oracle today rubbished rumours that its flamboyant founder Larry Ellison was flying the coop.

The speculation that CEO Ellison and CFO Jeff Henley were leaving apparently started hours before the software giant's doors opened for business at its California HQ this morning.

It helped drag Oracle's share price down almost six dollars from its opening price to just over $26.

The company was swift to deny the gossip being whispered to traders, which apparently also included the rumour that Ellison had died, Reuters reports.

"Both are staying and couldn't be more energetically engaged in the business. Rumours are categorically, absolutely untrue," said Oracle Spokesman Kevin McGuirk. Oracle's stock rose to around $29 on the news.

On Monday Channel 4 showed a report of the choppy 1998 Sydney to Hobart yacht race, in which Ellison cheated death. ®

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