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Posted
May 02 2008, 10:33 AM
by
Kim Peterson
Rating:
It's no surprise that Oracle's Larry Ellison tops Forbes' list of the best-paid CEOs in technology. Ellison is #14 on the list of world billionaires and gets big money from his company every year. His salary last year was only $1 million, but he got $182 million more through exercising stock options, according to Forbes.
Oracle shareholders can't be too upset. The company's total return in the fiscal year was 36.3%, according to Forbes. A year ago Oracle shares were in the $19 range. They reached the $23 mark in January and are now trading at around $21.34.
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Posted
Apr 22 2008, 04:43 AM
by
Douglas McIntyre
Rating:
Once a year, the firm Millard Brown puts out its BrandZ 100 Most Valuable Brands. The data used for the list come from consumer research and financial data on the companies. The research house gives its methodology here.
For those who think Google is the top brand, give yourself a pat on the back. It has a brand valuation of $86 billion, up 30%. For those research mavens in the crowd, the figure makes absolutely no sense. Google has a market cap of $168 billion. Most of that would go away -- no matter how good the technology is -- if it changed it name to Dawdle.
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Posted
Mar 27 2008, 12:18 PM
by
Kim Peterson
Rating:
Oracle CEO Larry Ellison's getting a $3 million tax refund on his huge Japanese-style estate, one of the most luxurious homes in Silicon Valley. The money he's getting back would have gone to schools, cities and the county he lives in, according to the San Francisco Chronicle.
Ellison's worth about $25 billion and received a $35 million salary last year. His 23-acre estate includes an 8,000-square-foot main house, a guest house and three cottages, a gymnasium, a man-made lake and two waterfalls. You can see a picture of the home under construction by clicking here.
The county assessor's office valued Ellison's home at about $166 million in 2005, but Ellison argued it was worth only $64.7 million, according to the Chronicle. He claimed the property faces "functional obsolescence" because there's a finite market for high-end homes like his. Plus, 16th-century Japanese architecture doesn't have broad appeal. And it's expensive to maintain the home's excessive landscaping and improvements.
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Posted
Mar 26 2008, 03:23 PM
by
Charley Blaine
Rating:
The market's reaction to Oracle's third-quarter earnings was almost a classic "buy the hype, sell the news" event. Except that the hype turned out to be wishful thinking.
The stock had been shooting nicely higher since early March on the supposition that Oracle was going to deliver a blockbuster report today. From a March 4 closing low of $18.44, Oracle shares had jumped more than 14% to $21.08 on Tuesday as investors bet on a strong report.
But when the numbers disappointed, the market slammed Oracle, knocking the shares 8.2% to $19.22 in after-hours trading. The shares had finished off 0.7% to $20.94 in regular Nasdaq trading
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Posted
Nov 09 2007, 08:12 AM
by
Kim Peterson
Looks like the tech selloff didn't end yesterday. A quick check:
Google: Down 3.2%
Apple: Down 2.9%
Cisco Systems: Down 4.3%
Oracle: Down 3.6%
Yahoo: Down 3.5%
This could be another ugly day.
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Posted
Oct 12 2007, 04:12 PM
by
Kim Peterson
BEA Systems responded to Oracle's buyout offer with a letter from BEA vice president William Klein. Let's take a look with a round of "translate the executive speak." Cue the music, Sid!
Klein: "BEA is worth substantially more to Oracle, to others and, importantly, to our shareholders than the price indicated."
Translation: What do you think this is, Dollar Days at Filene's Basement?
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Posted
Oct 12 2007, 08:34 AM
by
Kim Peterson
Rating:
Oracle has been killing software maker BEA Systems this year. And BEA has taken a beating in the market, disappointing analysts with earnings and losing key deals. Then you have activist investor Carl Icahn lurking in the background, upping his stake in BEA to 13.2% and calling for the company to be sold. Even TNT doesn't have drama like this!
Oracle has wanted BEA for years, and now it's made an offer on the company for a sweet price: $17 a share, or $6.7 billion. That's a 25% premium over BEA's closing price yesterday. BEA shares have been as low as $10.50 in the past year and are trading at about $18.60 on today's news. That's up nearly 40% from yesterday.
BEA has been awfully quiet today, and with good reason. Once Oracle chief Larry Ellison sets his sights on you, you're screwed. Remember the 18-month ordeal that was Oracle's hostile takeover bid for PeopleSoft? Ellison eventually got the company.
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