RE: McCain on Larry Ellison and Corporate Responsibility / Re: OT

Not defending Ellison for anything, but it appears McCain is just another politician who is only interested in his future and he constantly takes on these "reform ideas" and just makes the matter worse.

Everyone should accept the fact that we are in a bear market and as such all the boats go down. Everyone should have been smart enough to sell stocks and put their money into cash or better yet short stocks when it was very clear that in the Fall of 2000 after the initial March 2000 sell off that we were going into a prolonged Bear market.

Ellison probably took the money and ran when this became apparent to him and many others. I know I did.

FWIW. Mike

-----Original Message-----
Sent: Monday, July 15, 2002 5:53 AM
To: Multiple recipients of list ORACLE-L OT - unix

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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