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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (11385)	7/27/1999 2:33:00 AM
From: Sarkie	Read Replies (2) \| Respond to of 19079

Just received this info in email from EDGAR Online SECrets Newsletter 7/26/99 My apologies if it has been posted. ON THE INSIDE* ---------------------------------------- Raymond Lane: Oracle Raymond Lane, the President and Chief Operating Officer of Oracle, filed a Form 144 to sell 281,250 shares, amounting to about $10.8 million (he has served this position since July 1996). Although Larry Ellison is the CEO of Oracle, it is Lane who does the day-to-day management of Oracle Ellison co-founded Oracle in May 1977). Before joining Oracle in 1992, Lane was a senior vice president and managing partner at Booz-Allen & Hamilton. Oracle is a leading relational database software developer. The company has revenues of close to $9 billion and conducts business in more than 145 countries. Interestingly enough, Jack Kemp is a director of Oracle. He served as Secretary of Housing and Urban Development for George Bush. He was also a member of the US House of Representatives for 18 years. Kemp sold 10,000 shares for $340,000. If you go to EDGAR Online's "People Search," edgar-online.com you will notice that Raymond Lane is a director in two other high-tech companies: Marimba (which recently went public) and Quest Software (which has filed to go public). As for Kemp, he is a director of American Bankers Insurance Group, Carson Inc., Everen Capital and The Sports Authority. For more information, read the Form 144 filings: Raymond Lane: edgar-online.com Jack Kemp: edgar-online.com NOTE: According to SEC regulations, all corporate insiders must file a Form 144 when selling stock in their company. An "insider" is defined as an officer, director or person or entity that owns 10% or more of any class of the company's shares. The reason for the Form 144 regulation is that insiders are considered to have an unfair advantage - since they are closely aligned with the company - so the SEC wants full disclosure.