Oracle FAQ Your Portal to the Oracle Knowledge Grid

Home -> Community -> Mailing Lists -> Oracle-L -> Re: (Fwd/2)

Re: (Fwd/2)

From: Tim Gorman <>
Date: Tue, 16 Jul 2002 12:33:28 -0800
Message-ID: <>

>> Certainly. I'm waiting for people to present more factual information.
>> (Maybe Larry needed some petty cash for a new boat or something?)

As the story was related to me, Ellison has been living off of loans (from banks, not Oracle) for the past couple decades. His alleged reasoning was that his stocks would appreciate far faster than the interest of the loans, thus making it more economical to borrow than to sell. Obviously, with such a plan, you have to pay off sometime, and in 2000 one (or more) of his lenders called in his loans for payment. Again, this is just hearsay, but that's what I've heard..., in essence, he sold stock because he had (large unexpected) debts to pay. The timing of the stock sale wasn't his, it was some banker's...

>> Instead, what you see is people defending the social privileges of the
>> wealthy technocorporate elites, and the ethos of sleaze, extreme greed
>> selfishness that they are mired in.

Oh, you do yourself far too much justice! My own objection was your prolonged and uninformed vitriol lacking anything more than a politician's media release for substantiation. Go measure some cache-hit ratios, please...

>> Do you know if Oracle's accounting practices are currently documented in
>> way that is transparent to investors?

No idea. Not of interest...

>> I guess a lot of alleged "facts" will come out after the august deadline
>> that the SEC has imposed for corporate executives to sign off on the
>> validity of their accounting.

Sure. Whatever. Whaddya say we get back to work and talk techie stuff and quit wasting time on this fluff? <signing off on thread>

Please see the official ORACLE-L FAQ:
Author: Tim Gorman

Fat City Network Services    -- (858) 538-5051  FAX: (858) 538-5051
San Diego, California        -- Public Internet access / Mailing Lists
To REMOVE yourself from this mailing list, send an E-Mail message
to: (note EXACT spelling of 'ListGuru') and in
the message BODY, include a line containing: UNSUB ORACLE-L
(or the name of mailing list you want to be removed from).  You may
also send the HELP command for other information (like subscribing).
Received on Tue Jul 16 2002 - 15:33:28 CDT

Original text of this message