Re: Oracle & Gupta

Thomas B. Cox (tcox_at_netcom.com) wrote: : >From what I understand, Oracle pulled out, or was pushed out, from : >Gupta.  

: Not even close. Between Wall Street Journal articles and some
: friends still at Oracle (I used to work there), I gather that
: Gupta stock was under-valued, so Oracle's treasury people saw an
: opportunity, and snarfed it.
 

: This exceeded a certain threshold that required reporting, which
: sparked merger/takeover rumors, which drove the price up.
 

: Oracle made a show of looking them over, dumped the stock at the
: higher price, and chuckled on the way to the bank.

If this last statement is true, then Oracle is guilty of securities fraud and should be prosecuted for it. Manipulating stock prices is illegal and immoral. BTW, I doubt that it is true.

--
  Bob Treumann                          email:  btreuman_at_elmwood.com
  Solution Engineering Inc.