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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: MeDroogies who wrote (15243)	1/29/2001 4:44:52 PM
From: Bipin Prasad	Read Replies (1) of 19080

Oracle CEO Ellison Files To Sell Another 5M Shrs Dow Jones Newswires WASHINGTON -- Oracle Corp. (ORCL) Chairman and Chief Executive Lawrence Ellison filed to sell 5 million more common shares of the company, according to a Form 144 released Monday by the Securities and Exchange Commission. Ellison listed Jan. 23 as the approximate sale date for the shares valued at about $158 million, according to the filing. Merrill Lynch was listed as the broker. As reported, a Form 144 released Thursday by the SEC showed that Ellison intended to also sell 5 million common shares in option-related transactions on Jan. 22. Jennifer Glass, Oracle vice president of corporate public relations, told Federal Filings Business News later Thursday that Ellison will be registering to sell company shares in the coming months in order to exercise stock options set to expire before the end of the summer. A Form 144 allows for the sale of restricted stock, but it isn't a commitment to sell. -Brian Callaghan, Dow Jones Newswires/Federal Filings Business News; 202-628-8903

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