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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: hobo who wrote (9422)	2/4/2001 2:15:38 PM
From: hobo	Respond to of 10876

Re: Oracle 208.239.62.10 Oracle's Ellison Prepares Another 5M Shares For Sale (ORCL) (NewsTraders.com)-- Larry Ellison, the chairman and chief executive officer of Oracle Corp. ( ORCL ), has filed yet another Form 144 document at the Securities and Exchange Commission, this time covering the potential sale of 5 million common shares. Ellison said he hoped to cash in the latest block of shares, worth about $152 million, on Jan. 27, with Merrill Lynch acting as broker in the disposition, according to regulatory papers released Friday. From Jan. 22 through Jan. 26, the Oracle executive has sold close to 21.2 million shares in the open market, generating about $653.6 million in gross proceeds. Ellison, who co-founded Oracle in 1977, acquired all of the shares he has recently registered for sale by exercising stock options. Of note, a Form 144 only shows a filer's intent to sell the shares. Actual verification of the sales, if and when they occur, would be provided in a subsequent filing. The executive's stake in Oracle stood at 24.16%, or 1.39 billion shares on a split-adjusted basis, as of Aug. 21, according to the company's most recent proxy. The company has 5.59 billion shares outstanding.

To: hobo who wrote (9422)	2/5/2001 8:31:49 AM
From: Poet	Read Replies (2) \| Respond to of 10876

Thank you so much for posting these news items, toscano. Much appreciated. I see Asia was down and CSCO is trading slightly down in the premarket. Looks to be a sloppy open this morning. I'm short MSFT, the Q's and the NDX, will lighten up a bit on weakness today, as I think we'll be trading sideways through tomorrow and my options are front month. We've got a major snowstorm moving in on us today and there's been talk about potential power losses, so if you all don't hear from me later, please feel sorry for me. <g>