Ellison Dumps Oracle Shares

It's been said that yacht racing is the most expensive sport in the world. If you have to ask how much it costs, you can't afford it. Sounds like it might be out of my league.

Larry Ellison, however, has no problem keeping his America's Cup racing yacht afloat. It must need a new coat of paint though, because the pugnacious Captain Ellison just sold 2 million shares of Oracle stock.

I'm just guessing on what Ellison plans to do with the loot, of course, but consider this: He sold each of those 2 million shares for slightly more than $22 a pop. It's good to be Larry.

This was actually a prearranged sale called a 10b5-1 Trading Plan, according to SEC filings. These permit company insiders to establish transactions in advance and continue with them even if the seller learns some critical inside scoop. They have to file a Form 4 with the SEC to report the transaction within two business days.

Do you think this is just some small-change accounting for Captain Ellison? Do you think it's a sign of trouble at Oracle? Send your opinions and any good stock tips you might have to me at [email protected].

Posted by Lafe Low on October 17, 2007 at 11:57 AM


Featured

  • Pilot Begins of Microsoft Teams-Salesforce CRM Integration

    A new capability that lets Microsoft Teams users access information from the Salesforce.com customer relationship management (CRM) platform debuted this week.

  • 2020 Microsoft Conference Calendar: For Partners, IT Pros and Developers

    Here's your guide to all the IT training sessions, partner meet-ups and annual Microsoft conferences you won't want to miss. (Now updated with COVID-19-related event changes.)

  • The 2020 Microsoft Product Roadmap

    From the next major update to Windows 10 to the next generations of .NET and PowerShell, here's what's on tap from Microsoft this year.

  • Microsoft's Azure Space Program Gets 'Modular' Datacenters

    Microsoft recently unveiled its new Azure Modular Datacenters, boxcar-like structures that can deliver compute and storage capabilities anywhere on earth.