Power Computing's Kocher resigns, citing licensing Issue

Macintosh clone maker Power Computing has announced the surprise resignation of its president and COO Joel Kocher, citing 'irreconcilable differences' with the company's management over licensing negotiations with Apple Computer. Kocher's move is sure to refuel rumors that the executive may be in the running to take the vacant CEO position at Apple - but other sources insist it is Power itself which will be absorbed by Apple

Macintosh clone maker Power Computing has announced the surprise resignation of its president and COO Joel Kocher, citing differences with the company's management over licensing negotiations with Apple Computer.

Kocher's move is sure to refuel rumors that the executive may be in the running to take the vacant CEO position at Apple - but other sources insist it is Power itself which will be absorbed by Apple.

"I unfortunately have irreconcilable differences with Power Computing management over the way in which to move forward on the Apple licensing issue," said Kocher in a statement. "I wish Power Computing, the employees and the Mac platform the best during this difficult, uncertain period. I sincerely hope that Apple Computer ultimately does the right thing for the Mac community."

Kocher could not be reached for further comment.

In addition to his roles as President and COO, Kocher has also resigned from Power Computing's board of directors on which he has served since June 30, 1997. Kocher joined the company in December 1996.

"Joel Kocher provided much guidance, direction and vision during his tenure at Power Computing Corporation," said Stephen Kahng, Power Computing chairman and CEO in a statement. "We wish him the best of luck in future endeavors," he added. Kahng will assume Kocher's day-to-day responsibilities.

The resignation follows months of on-again off-again licensing negotiations with Apple, which has been reportedly taking a tougher stand on the issue of certifying new Mac clones.

The stalled licensing talks have also forced Power Computing to halt the construction of its new headquarter in Texas.

Power Computing can be reached on the Web at http://www.powercc.com/.

Join the newsletter!

Error: Please check your email address.
Show Comments

Market Place

[]