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

To: Tom C who wrote (15294)	2/13/2001 9:59:18 PM
From: Hardly B. Solipsist	Read Replies (1) \| Respond to of 19079

According to "The Difference Between God and Larry Ellison", at least at the time that the book was written, Ellison doesn't have a large fortune outside of his ORCL stock holdings. He has on occasion made money in the market by taking margin loans and investing the loaded money, but I doubt that anyone would tell him that it was prudent to borrow the money to buy more ORCL stock. So you can say that he "didn't have to sell", but it would have been pretty damned stupid of him to do anything else... I think that it's quite reasonable to conclude that you can't conclude much of anything about his expectations for the future of the stock price from his actions recently, and that's really all anyone was trying to say, as far as I can tell.

To: Tom C who wrote (15294)	2/14/2001 10:54:19 AM
From: lml	Read Replies (1) \| Respond to of 19079

Often holders of exercised option sell a portion of their shares to cover the tax implications of their exercise. Options exercised result in taxable income, whose taxes must be promptly paid. Your point is well-taken, and is certainly not necessarily applicable to LE, but more commonly such holder needs to generate the cash to pay the tax hit resulting from the exercise of the option.