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larry ellison
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Larry Ellison
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larry ellison
nerdspotting
A tipster writes in:
Larry Ellison drives an Audi R8 to the gym
A tipster writes in: Larry Ellison spotted driving out of 2882 Sand Hill Road in Audi R8, probably coming out of the gym where he is rumored to work out.We haven't got a picture of Ellison in workout shorts, but what about the Oracle CEO's car, the Audi R8? Top Gear's Jeremy Clarkson described it as "like smearing honey onto Keira Knightley." Try not to think about Ellison smearing honey onto Knightley while watching Clarkson's review: More »
real estate
Larry Ellison dickers over tax bill, takes money from the children
Peninsula school districts will have less to spend on their evil government entitlement programs thanks to "Uncle Larry" Ellison. Lawyer William Bennett successfully lobbied San Mateo County officials on Ellison's behalf to slash the property tax assessment of the Oracle founder's sixteen-acre Woodside estate. Bennett argued that because the grounds have been styled after a village in Imperial Japan, they're worth much less than the $173 million assessed. Officials agreed that the property is unbelievably tacky, and lowered the assessment to $70 million. Ellison will receive a $3 million refund on previously levied taxes — costing school districts county-wide $1.4 million. More »
mine is bigger
Larry Ellison and fellow billionaire trade accusations of rigging the America's Cup
The America's Cup is the world's premier opportunity for the ultrariches to prove whose is bigger. But if you think the race has anything to do with sailing, you'd be mistaken — it's about who can muster the most capital. This year the victor could be rigged by lawyers, not sailors, thanks to a spat between billionaire software tycoon Larry Ellison and billionaire biotech tycoon Ernesto Bertarelli. More »
acquisitions
Ellison to Yang: get over it
Oracle founder and longtime Microsoft opponent Larry Ellison believes Microsoft-Yahoo is a good idea. "MSN is modestly successful," Ellison told the New York Times. "It would be a formidable portal combined with Yahoo." Ellison also suggested Yahoo CEO and cofounder Jerry Yang might not know what's best for the company. Company founders, said the guy who's completed two hostile takeovers in the last four years, "sometimes have a hard time separating their emotions from what's best for shareholders."
100-word version
Fake Larry Ellison to Steve Ballmer: The 100-word version
A MarketWatch reporter pens a faux-advice letter from sailing-obsessed takeover king Larry Ellison to Microsoft CEO Steve Ballmer. It's far too long to read the whole thing, so I'll do the work for you. Here's the 100-word version:I have to tell you Steve, I frankly think you show too much. Have you ever seen me jumping up and down in a monkey-dance, red-faced, out of breath, screaming, "I ... LOVE ... THIS ... COMPANY?" You need to be more Zen, cool, calm and collected, like ageless me.More »
mine is bigger
ArcSight's Robert Shaw gets a free yacht-club membership and you don't
Of all the companies gone public in the past year, only one pays for its CEO's yacht-club membership. That's security-software maker ArcSight, which went public on Valentine's Day. The CEO is Robert Shaw. According to Footnoted, Shaw's other benefits include an apartment near ArcSight's Cupertino headquarters, a car for when he's in San Francisco and airfare for travel between Shaw's homes in Montana and Cabo San Lucas. All of which isn't as unusual as the yacht-club membership. More »
rumormonger
Benioff pushing Salesforce on Oracle?
Salesforce.com representatives have quietly approached Oracle to see if it would buy the company for $75 a share, Tom Foremski reports. Oracle CEO Larry Ellison already owns a piece of Salesforce, but he's also an early investor in NetSuite, a rival service for online customer-relationship management. The offer, if true, would be a 47 percent premium over Salesforce.com's share price before this morning market opening. More »
acquisitions
Oracle vs. BEA -- the 9-word version
As we've chronicled, Oracle CEO Larry Ellison has conducted a war of words with BEA in his protracted takeover fight, threatening to pull his $17-a-share bid or make a lower offer. BEA's board also said it would accept nothing lower than $21 a share. In the end, BEA sold for $19.375 a share. The Wall Street Journal's explanation? "Don't believe anything anyone says in a takeover fight." That sounds about right.
valley spawn
Megan Ellison loves the ladies, just like Dad
That New York Post item about an "Internet billionaire" and his "lady-loving," "wild-child" daughter who's been to rehab twice still has us thinking. Former Yahoo CEO Terry Semel's daughter Courtenay is wild enough, but her dad's not rich enough. How about Megan Ellison, daughter of Oracle CEO Larry Ellison, the aspiring film producer? Her MySpace profile lists her as "bi". And while we haven't heard anything about stints in rehab, she did write the following in a MySpace blog entry: More »
stocks
NetSuite IPO not good for a quick buck
Web software provider NetSuite's IPO, set for this Friday, should be one of the last of 2007. Despite losing $20.6 million on $76.8 million in revenues — wait, isn't Web software supposed to be more profitable than desktop software? — expectations are running high. Get-rich-quick artists may be disappointed. More »
conflicts of interest
The selling of NetSuite
In every startup's life, before it can go public, there's a ritual called the roadshow. NetSuite, an online-software company backed by Larry Ellison, may begin its run as soon as Thursday, having filed an updated prospectus with the SEC detailing its plans to issue shares to the public. The total: As much as $99 million from the sale of 6.2 million shares. One unlikely buyer has already put his money in: Salesforce.com board member Craig Ramsey, who bought $3.5 million from company CEO Zach Nelson and founder Evan Goldberg. Silicon Alley Insider reports that Ramsey's son works at NetSuite, but the purchase is still curious. Also playing the field: Oracle CEO Larry Ellison, who put money into Goldberg's NetSuite and Benioff's Salesforce.com.
Larry Ellison has sold off 1 million shares of Oracle every day since late September. Over the last two months, he's cashed out over $707 million. He's on track to liquidate over a billion dollars worth of stock this year. [Docu-Drama]
mine is bigger
I've always heard Oracle CEO Larry Ellison had big cojones. No photographic proof, alas, has arrived at Valleywag yet. But this gigantic disco ball — so large it had to be transported by flatbed truck — for an event at Oracle's OpenWorld conference, which starts tomorrow, seems proof enough. To make room for Oracle's other outsized ambitions, San Francisco has closed off Howard Street through next Saturday. (Photo by Royce Perez)
Larry Ellison has at least one oversized ball
I've always heard Oracle CEO Larry Ellison had big cojones. No photographic proof, alas, has arrived at Valleywag yet. But this gigantic disco ball — so large it had to be transported by flatbed truck — for an event at Oracle's OpenWorld conference, which starts tomorrow, seems proof enough. To make room for Oracle's other outsized ambitions, San Francisco has closed off Howard Street through next Saturday. (Photo by Royce Perez)
valley spawn
Ellison daughter goes Hollywood
The children of Oracle CEO Larry Ellison seem to be drawn to the arts. His son David is an actor and director who was in last year's movie on WWII pilots Flyboys. Now it looks like Larry's daughter is following in her brother's Hollywood footsteps. Megan Ellison is listed as a producer of the about-to-start-filming flick Waking Madison, a thriller about a woman with multiple personalities starring Elisabeth Shue and some chick who posed for Maxim. Let's just hope that Megan's turn goes better than her brother's. Flyboys was named one of 2006's biggest bombs.
stalemate
Oracle waits for BEA's self-esteem to deflate
Analysts believe that Oracle will still buy BEA ... eventually. However, since no "white knights" have stepped forward to make competing offers, the consensus is that the $17 offer Oracle initially made was too high a price. Carl Icahn, who owns 15 percent of BEA, wrote "I view your public declaration of a $21-per-share, 'take it or leave it' price as a management entrenchment tactic, not a negotiating technique" in an open letter to the BEA board. Oracle CEO Larry Ellison also seems to have a take-it-or-leave-it attitude towards BEA, having said nothing since Oracle's initial offer expired last week. "Now, both sides will probably stand back and stare at each other for a while," said one analyst. How unexciting.
jackpot
Larry Ellison can buy Facebook without breaking a sweat
Oracle CEO Larry Ellison (who recently quit his fake blog) has sold more than $500 million in Oracle stock in the past month — and is planning to sell 100 million shares worth $2.16 billion at current prices in total. Ellison, who is much richer than you, will own 1.17 billion shares — 22.7 percent of the company's total — at the end of this period of "asset diversification and liquidity." Executives frequently arrange sales months in advance, under "scheduled trading plans," to avoid insider trading accusations. ORCL is up 28 percent year to date. Forbes pegs Ellison's current net worth at $26 billion. (Photo by AP/Bernat Armangue)
Oracle has responded to yesterday's statement from BEA Systems that it was worth $21 per share. Larry Ellison's software empire had previously offered $17 per share in an unsolicited takeover bid. Oracle says $21 is an "impossibly high price" and "nobody would seriously consider paying that." Well, we saw that coming. So predictable, that Ellison. We look forward to more passive-aggressive statements issuing forth in the future. [Mercury News]
