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

To: hueyone who wrote (17764)	1/7/2003 5:36:45 PM
From: Qualified Opinion	Respond to of 19079

Oracle Insiders Report Gains From Stock Options Tuesday January 7, 2:07 pm ET WASHINGTON -(Dow Jones)- Oracle Corp. director Donald L. Lucas recently made a profit of at least $375,000 from company stock options, according to a regulatory filing Tuesday. Lucas exercised options to buy 50,000 shares for $3.69 each and then sold them Friday for prices between $11.19 and $11.50. Shares of Oracle traded Tuesday afternoon at $12.47, up 51 cents. After the transactions, Lucas directly owned 13,062 shares of Oracle, the filing said. As reported earlier, George J. Roberts, Oracle's executive vice president for North American sales, also exercised options to buy company shares and then sold them Friday. He bought 738,012 shares for prices from $1.91 to $4.49 a share and sold them for prices from $11.15 to $11.27 a share, yielding him a profit of at least $4.9 million. -By Ben Siegel, Dow Jones Newswires; 202-628-7689 Link:http://biz.yahoo.com/djus/030107/1407000496_1.html

To: hueyone who wrote (17764)	1/7/2003 6:03:30 PM
From: Hardly B. Solipsist	Read Replies (2) \| Respond to of 19079

By shareholder's equity in Oracle I guess you mean the cash on hand? So MSFT is "worth" whatever cash they have? Cisco is worth about $20B? If you really don't think that the intellectual property of these companies is equity, I wonder that you bother following them.

To: hueyone who wrote (17764)	1/7/2003 6:33:57 PM
From: brushwud	Read Replies (2) \| Respond to of 19079

I hope Oracle and other tech companies do not pay a dividend. It is easier to look at a balance sheet and see what money companies have produced for shareholders when part of it hasn't already been returned in dividends. I guess I see what you mean. You certainly disregarded money already returned to shareholders in the form of stock repurchases in posting #17742, in which you claimed ORCL has only returned 9% on invested capital over the past ten years. If management thinks share repurchases are a good investment, they might as well pay a dividend, except for the difference in tax treatment.