Is this, as he says, lack of time, or rather lack of confidence?

Oracle CEO Larry Ellison has resigned from Apple Computer’s board of directors, saying he no longer has the time to devote to the company.

“I will continue to offer my advice to (Apple CEO) Steve (Jobs) and the executive management team at Apple, but my schedule does not currently allow me to attend enough of the formal board meetings to warrant a role as a director,” Ellison said in a statement Friday.

Hmmmm… I hope this isn’t the start of a mass exodus from Apple. The company is really starting to make strides with its beautiful new computers and its awesome OSX operating system.

I can’t imagine why Ellison would exit now!