Oracle chief executive Larry Ellison has not signed a deal to take over Apple Computer but he and the rest of the Apple board have found a favourite candidate to become CEO at the troubled hardware vendor.
According to an Apple representative, the rumours that Oracle wanted to buy Apple as a subsidiary or to merge it with its Network Computer Inc arm are unfounded. She said Apple had made all the announcements it intended this week and did not hold anything back - contrary to the intense speculation in Silicon Valley.
But there will soon be definite news on who will become Apple?s CEO, according to Ellison, who said: "We are getting close. We have someone we like very much? he is really terrific." He refused to give any more clues. Speculation that the favourite executive is Ed McCracken, CEO of Silicon Graphics until recently, has been replaced by rumours that the board has found a candidate outside the computer industry.
Ellison said his close friend, Apple?s interim CEO Steve Jobs, will not take the position. Jobs is running animation company Pixar and raising a young family, representatives pointed out.
But the rumours that Oracle and Apple employees were flown in from all over the world to attend the company?s announcement on Monday persist. Apple-related Web sites and company enthusiasts remain sure that something important was scheduled to happen but did not, and some sources claim a deal is still possible and makes sense for both companies.
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