Below is Apple’s press release about Larry Ellison dropping his bid for
Apple. For the story on Ellison
(http://www.sjmercury.com/business/apple/ap042997.htm), you might want to
read the article at the San Jose Mercury news web site.
——————————————————-
Apple Issues Statement in Response to Ellison Release
CUPERTINO, Calif.–April 29, 1997–Apple Computer, Inc. today released the
following statement in response to a press release from Oracle Corp.
Chairman and Chief Executive, Lawrence J. Ellison:
Apple has no specific comment related to Mr. Ellison’s press release. Apple
has a clearly articulated strategy and a detailed plan to return the
Company to profitability. We have a seasoned management team and have
undertaken a series of initiatives over the last year to streamline the
business, improve quality, and sharply focus on our core markets
(education, publishing, media authoring, consumer). Our recent product
introductions have been met with enthusiasm and we are on the right track
towards achieving our goal of profitability in the fourth quarter.
Apple Computer, Inc., a recognized innovator in the information industry
and leader in multimedia technologies, creates powerful solutions based on
easy-to-use personal computers, servers, peripherals, software, handheld
computers and Internet content. Headquartered in Cupertino, California,
Apple develops, manufactures, licenses and markets solutions, products,
technologies and services for business, education, consumer, entertainment,
scientific and engineering and government customers in more than 140
countries.
Press Contact: Katie Cotton Apple Computer, Inc. (408) 974-7269 email:
katiec@apple.com
Investor Relations Contact: Nancy Paxton Apple Computer, Inc. (408)
974-5420 email: paxton1@apple.com
NOTE TO EDITORS: To access Apple press releases, background material, and
contact information on the web, visit The Source at:
http://www.apple.com/source/. If you are interested in receiving Apple
press releases by fax, call 1-800-AAPL-FAX (1-800-227-5329) and enter your
PIN number. If you do not have a PIN number, contact Apple’s Media Helpline
at (408)974-2042 to request one. If you would like to receive Apple press
releases by email, please send an email message to
pressrel@thing2.info.apple.com. In the subject field, type the text
“subscribe [your full name].”
-30-
Apple, the Apple logo, Macintosh, Performa, Power Macintosh, and PowerBook
are registered trademarks of Apple Computer, Inc. Additional company and
product names may be trademarks or registered trademarks of the individual
companies and are respectfully acknowledged.