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Technology Stocks : Oracle Corporation (ORCL)

ORCL 197.67

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10:39 AM EST

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To: MeDroogies who wrote (15240)	1/30/2001 3:24:41 PM
From: DeadHead	Read Replies (2) of 19080

I can tell you from first-hand experience that Oracle doesn't have to "layoff" people to cut the workforce and raise cash. Lately, Oracle has been known to "sell off" divisions in a manner that effectively results in everyone getting fired. No transfers are allowed, employees are "banned" from Oracle for one year, all unvested stock options are lost, and there is minimal severance (none if you accept the other job “offered”). When you add up the unvested stock options and money saved in severance costs, we’re probably talking in the area of 50 to 100 million “saved” by a single “sale.” There's another twist: By “selling” a “losing” division to another company, Oracle can probably write off the costs of that division over the previous years. Probably the reason they don't allow transfers and ban the employees from the company is to reinforce their case with the IRS that the division was "sold," rather than "dissolved."

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