Long-term Apple observers will remember the mid-1990s and rumors that Larry Ellison was going to buy Apple. This was 1995, when "Apple was in severe distress," as Mr. Ellison put it. The rumor mill was rife with very real predictions of Apple's impending death, and it could have happened. On May 13th, Mr. Ellison gave the commencement speech for the University of Southern California, and at the 15 minute mark, he told the story about a walk with Steve Jobs where he offered to buy Apple and put Mr. Jobs in charge of it. Listen to the story for some interesting insight into both Mr. Ellison and Mr. Jobs, including the bit where the latter turned down the offer from the former and why.