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Technology Stocks : Oracle Corporation (ORCL)

ORCL 197.99

+0.3%

Dec 26 9:30 AM EST

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To: lml who wrote (15234)	1/27/2001 5:10:47 AM
From: Hardly B. Solipsist	Read Replies (1) of 19080

The information on Yahoo! refers, of course, to post-split share prices, so I believe that $46.xx is correct. I've seen that 5B shares and 24% number lots of places, but maybe it's all from the same bad source. However, I do think that when they refer to shares owned they probably don't count options that haven't been exercised. The last time I looked at the annual report I was surprised at how many vested options LE had (I remember that it was a non-trivial fraction of the number of shares that he owned outright). What I doubt is that the information that we're getting is correct. If these are from options whose strike price was set nearly 10 years ago, then the price of $13/sh is absurd. Anything with a strike price of $13+ is within the last year... I think that if he sells a few million shares, he probably just wants to pay down the balance on his MasterCard. But we'll see this story repeated endlessly (I can't believe how often I've seen it -- when Gates was selling a million shares a month you never saw anything about that, but in those days the press thought that Microsoft was invincible).

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