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Technology Stocks : Macromedia...making a comeback?

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To: Kenneth E. De Paul who wrote (1631)	8/1/1997 8:39:00 AM
From: van wang	of 2675

Headline: Ellison says Jobs to join Apple (NASDAQ:AAPL) - paper ====================================================================== PARIS, Aug 1 (Reuter) - Oracle (NASDAQ:ORCL) chairman Larry Ellison said in a French newspaper interview published on Friday that he would join Apple Computer Inc's (NASDAQ:AAPL) board and present a new management team next week led by Steve Jobs, Apple's co-founder. "Rumours of my interest are well founded," Ellison told the financial newspaper La Tribune in an interview in California. "On Monday we'll introduce Apple's new management team, and I'm part of it," he was quoted as saying. The newspaper said the announcement would be made at the Macworld trade show in Boston. Ellison did not disclose the sum he was investing in Apple but said it was a personal investment and not on Oracle's part. He said Jobs, who returned to Apple three weeks ago after previous chief executive officer quit, would take the top job despite reports to the contrary in the San Francisco Chronicle. "Apple needs to and will exist because you need other players on the market. You can't let Microsoft (NASDAQ:MSFT) establish a monopoly," Ellison was quoted as saying. He said Apple needed to focus on entry-level products. "The market can't be made up solely of expensive and complicated computers. Today you need equipment that's easy to maintain and not too onerous for equipping schools and households." The New York Times reported on Friday that Jobs was trying to recruit several people, Ellison included, to join Apple's board. It said Jobs was reported to have told friends that he did not want the CEO position although he appears for the moment to be running Apple. But the San Francisco Chronicle reported this week that Jobs told employees of his Pixar film animation company that he had declined offers to be CEO or chairman of Apple. -- Paris Newsroom, +33 1 4221 5452 Copyright 1997, Reuters News Service

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