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

To: lml who wrote (14844)	11/17/2000 8:51:28 PM
From: Rob C.	Respond to of 19080

Guys, The options specialist must have cleaned up today! FWIW...Larry says we are plenty deep and I believe him...this is the latest release. PALO ALTO, Calif., Nov 17 (Reuters) - Veritas Software Corp. <VRTS.O> on Friday said Mark Leslie resigned as Chairman and Chief Executive and the company named Gary Bloom, a key executive at Oracle Corp. <ORCL.O>, to succeed him. Mountain View, Calif.-based Veritas said Leslie, who has been chairman and CEO of the storage management software company since 1990, will continue as chairman of the board and will maintain a full-time active role in the fast-growing company. Along with succeeding Leslie as chief executive, Bloom will take on the additional role of president. Bloom will split his time between Oracle and Veritas until mid-December. "I think Gary is just the perfect guy to take the company from $1 billion to $10 billion," said Leslie, who said he will remain active in the company in the near term and plans to begin teaching and spending more time on charitable activities. "I don't know if I'll be working full-time a year from now. I want to make some time for the other things in my life," Leslie said. Bloom, an Oracle executive vice president with 14 years at the company, is the second high-ranking executive to leave the world's No. 2 software maker this year. Oracle President and Chief Operating Officer Ray Lane resigned in June after Larry Ellison, the company's outspoken founder and chief executive, took a more active role in operations and stripped him of most of his day-to-day responsibilities. In a conference call with analysts, Bloom said his decision was driven by timing and his desire to be a chief executive. "Larry's the CEO (at Oracle) if anybody was in doubt. Larry's the CEO today and Larry's going to be the CEO for a very long time ... I just didn't want to wait," Bloom said. In a telephone interview, Ellison said Bloom is leaving on good terms and that his departure would not affect operations. "We have a very strong and deep management team," Ellison said. Oracle shares dropped nearly $4 in extended trading after closing $1-7/16 higher at $28-13/16. Veritas shares -- which hit a year high of $174 in March -- slid about $10 from their opening price of $121 before trading was halted on news of the executive hire. The stock was about $5 higher in after-hours trading. On Tuesday, Veritas and an investment group led by Silver Lake Partners are expected to finalize a complex $20 billion deal in which it will take computer disk drive maker Seagate Technology Inc. <SEG.N> private. Seagate shares, which were also halted, closed $3-12 lower at $57-1/4. There were no after-hour orders for the stock. REUTERS Rtr 20:25 11-17-00 //Begin Meta Data// Selector Code: reutr Copyright 2000, Reuters News Service

To: lml who wrote (14844)	11/17/2000 9:15:30 PM
From: gc	Read Replies (3) \| Respond to of 19080

Your tone is quite combative. I am not interested in it. Please read my post carefully. Can you count how many times I use the word "concerns" in my posts? or can you tell me any fact I quoted is in fact not true? You need to open your mind as well as open your eyes. Your eyes tell you the stock drop from 45 to 25. What your mind tells you about it? It's because some shorts posted their negative views on SI thread? give me a break! (BTW, I am not a short. I have sold most of my shares. I am thinking to sell the rest of it.)