Feeds

Ellison not dead and not leaving Oracle

Software giant victim of rumour mill

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

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. ®

Related Stories

Ellison: The ego has landed
Who's the most powerful IT exec in the world?
Ellison laughing all the way to the bank
Ellison looks back on the horrors of the Sydney/Hobart yacht race

SANS - Survey on application security programs

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Oh no, Joe: WinPhone users already griping over 8.1 mega-update
Hang on. Which bit of Developer Preview don't you understand?
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
Half of Twitter's 'active users' are SILENT STALKERS
Nearly 50% have NEVER tweeted a word
Internet-of-stuff startup dumps NoSQL for ... SQL?
NoSQL taste great at first but lacks proper nutrients, says startup cloud whiz
IRS boss on XP migration: 'Classic fix the airplane while you're flying it attempt'
Plus: Condoleezza Rice at Dropbox 'maybe she can find ... weapons of mass destruction'
Ditch the sync, paddle in the Streem: Upstart offers syncless sharing
Upload, delete and carry on sharing afterwards?
New Facebook phone app allows you to stalk your mates
Nearby Friends feature goes live in a few weeks
Microsoft TIER SMEAR changes app prices whether devs ask or not
Some go up, some go down, Redmond goes silent
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.