Apple Issues Statement in Response to Ellison Release

PR Newswire

April 29, 1997

CUPERTINO, Calif., April 29 /PRNewswire/ -- 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.
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.
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SOURCE Apple Computer, inc.