Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bipin Prasad who wrote (12284)	11/2/1999 9:16:00 PM
From: Jeff O'Brien	Respond to of 19080

Huge trades at end of day There were huge block trades made after the close today. One was for 1 million shares and one was for 2 million shares. There were also other trades in the 10,000 to 100,000 range. The largest trades were at the bid, but the stock climbed higher after those trades so they still must have been buys. Jeff

To: Bipin Prasad who wrote (12284)	11/2/1999 10:52:00 PM
From: bob	Read Replies (2) \| Respond to of 19080

Didn't see it. Sorry.

To: Bipin Prasad who wrote (12284)	11/3/1999 8:35:00 PM
From: Chung Lee	Read Replies (1) \| Respond to of 19080

CNBC LE: Buyers and sellers go to this exchange called Ebay, well, companies also buy and sell things, in this case, Ford has a number of suppliers, Ford buys from these suppliers and suppliers buy from each others, and the annual amount of trading that goes on, buying and selling on the exchange for the Ford supply chain is $300 Billion dollars per year, so this is by far the largest deal in the history of the internet Ron: How do you make money? E: Oracle owns a big chunk of the exchange, Ford Motor has controlling interest in the exchange and Oracle operates Auto Exchange for Ford, just like Ebay charges fees when something is bought and sold, the Auto Exchange makes money when something is bought and sold at the exchange, it makes money based on the amount of volume, as I said this is $300 billion worth of volume going through the Auto Exchange, it is a huge amount of money, the largest deal in the history of the internet. Ron: There are some discussion the Auto Exchange itself may someday be taken public with Ford the majority owner, would you participate in IPO of the Auto Exchange E: Of course, Oracle has a very large piece of the Auto Exchange, and given current market condition, it would be silly for Ford and Oracle not to taken the exchange public, so that's our intent. Ron: There are some discussion as well today you have another deal just like this brewing…. E: We are focus on the Ford deal getting the exchange up and running, now this exchange is going to be up and running in the first quarter of next calendar year, so we are just a few months from turning the Automobile Exchange on, again we expect to put more than a $100 billion worth of trading through the exchange in the very first year and then ramping it up to $300 billion in the auto exchange, by the way other companies are welcome to the auto exchange, and there is also a thing called Oracle Exchange, Oracle Exchange is the umbrella technology that is going to enable a variety of these exchanges, we expect there will be a aircraft parts, computer parts, engine exchange, you will see a bunch of different companies forming joint ventures, creating new exchanges for their industries, this is just the beginning. Ron: Your stock reflected some of the enthusiasm about this new project, what else is going on in Oracle right now that Wall Street seems to be liking? E: The big thing is Oracle is the primary provider of technology for the internet, I mentioned Ebay, Yahoo, Cisco, virtually every large site runs Oracle, the ten largest internet site as measured by dollars traded on the site, nine of them run Oracle database, the lone holdout IBM, we are the software that powers the internet.