My understanding is that this was the very first time Ellison had ever sold
Oracle stock, in over 25 years of the company's existence, in 2000, which is
the occasion that McCain (and you) are referring to. As you might be aware,
there was a far greater "opportunity" for Ellison to "cash out" and leave
Oracle dangling in 1990, when the price dropped from around $20 to $6 almost
overnight after some financial-earning restatements. On that occasion, he
would certainly have had prior knowledge of what was going to happen, to put
it mildly. In 2000, any foreknowledge of a long-term downturn (26 months
and counting?) would have been worth far more than $700m, especially to
someone holding several billions in equities...
- Original Message -----
To: "Multiple recipients of list ORACLE-L" <ORACLE-L_at_fatcity.com>
Sent: Sunday, July 14, 2002 10:13 PM
unix
> Speaking of herds, or at least what is left behind on
> the ground after they pass:
>
> on "Meet the Press" (TV program), Senator John McCain
> said that Larry Ellison cashed out $700,000,000 of his
> Oracle stocks just before they lost most of their
> value (sarcasm: I'm sure he is planning on plowing it
> back into the company, especially improving quality in
> OWS and Metalink).
>
> regards,
> ep
>
>
> On 14 Jul 2002 at 16:28, Alex wrote:
>
> Date sent: Sun, 14 Jul 2002 16:28:18 -0800
> the future
> To: Multiple recipients of list ORACLE-L
> <ORACLE-L_at_fatcity.com>
>
> > ... As far as DB vendors targeting linux they move in herds and have
> > just finished their linux port from when "linux" was a buzzword.
>
> ..
>
> --
> Please see the official ORACLE-L FAQ: http://www.orafaq.com
> --
> Author: Eric D. Pierce
> INET: eric_d_pierce_at_pacbell.net
>
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--
Please see the official ORACLE-L FAQ: http://www.orafaq.com
--
Author: Tim Gorman
INET: Tim_at_SageLogix.com
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Received on Mon Jul 15 2002 - 07:53:21 CDT
