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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: Larry Ellison

Larry Ellison stories: 14 news summaries

 Nabbed Oracle Spy 
 Rocks America's Cup 

Cup holders accuse American billionaire of sending spy squads to snoop on yacht

May 13, 09 2:19 AM CDT
(Newser) - Skulduggery has once again hit the world's foremost sailing race with charges that a spy for US billionaire Larry Ellison's BMW-Oracle team was nabbed snooping on a rival, the Times of London reports. Spokesmen for Alinghi, the Swiss holders of the America's Cup, say they caught the spy sneaking around... More »

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espionage • Larry Ellison • America's Cup • Switzerland • sailing • Alinghi

Tech Industry Falls for 'Cloud Computing'

It's all the rage, but does the fuzzy term really mean anything?

Mar 26, 09 8:40 AM CDT
(Newser) - Today's hottest tech term is "cloud computing": Google, Amazon, Yahoo, and Intel have all begun projects with such nebulous names as OpenCirrus and Elastic Compute Cloud. But while the projects behind the names all have something in common—storing data on far-off computers—nobody can agree on what cloud... More »

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technology • Google • Internet • Web 2.0 • Larry Ellison • Oracle • cloud computing

(Newser) - This may not elicit much sympathy, but Forbes' annual list of billionaires has shrunk from 1,125 names to 793 this year. Bill Gates lost $18 billion but managed to regain the top spot from Warren Buffett, who lost $25 billion. Here's the top 10:
  • Gates, $40 billion
  • Buffett,
... More »

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Bill Gates • Warren Buffett • Larry Ellison • Carlos Slim • billionaire • Forbes

Wall Street's Tumble Costs Buffett $9.6B

Top CEOs have taken a 28% hit in the value of their company holdings

Oct 23, 08 8:08 AM CDT
(Newser) - Next time you check the value of your portfolio, know that America's top executives are taking a pounding with you: Berkshire Hathaway CEO Warren Buffett has seen his holdings in his company decline $9.6 billion this year, reports the Wall Street Journal. And he’s got company. Oracle’... More »

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Warren Buffett • Larry Ellison • Steve Ballmer • Jeff Bezos • financial crisis

Market Meltdown Reshapes Forbes Rich List

Buffett bumps Gates
in redrawn rankings
of world's wealthiest

Oct 10, 08 12:15 PM CDT
(Newser) - The mortgage meltdown has certainly hit middle-class Americans hard but hasn't spared the uber-wealthy, Bloomberg reports. Las Vegas Sands CEO Sheldon Adelson’s net worth shed $4 billion between Aug. 29 and Oct. 1, for instance, while Warren Buffett overtook Bill Gates, whose net worth declined $1.5 billion, as... More »

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Google • stock market • Microsoft • Dell • Bill Gates • Larry Page • Sergey Brin • Forbes 400 • Carl Icahn • Warren Buffett • Larry Ellison • Oracle • Michael Dell • billionaire • Berkshire Hathaway • Las Vegas Sands Corp. • Oracle of Omaha • Sheldon Adelson • Charles Ergen

Oracle Wins BEA With Sweetened $8.5B Bid

Deal for business software maker closes after Ellison bumps price

Jan 16, 08 7:51 AM CST
(Newser) - Business software maker Oracle continued its yearlong buying spree, closing a contentious deal with middleware maker BEA Systems after raising its offer to $8.5 billion, or $19.38 a share, Bloomberg reports. In October, Oracle offered BEA $6.7 billion, or $17 per share, and was rejected. Instead BEA,... More »

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Silicon Valley • Larry Ellison • Oracle • software • acquisition • Nasdaq • BEA Systems • middleware

NetSuite IPO Brings Market Early Christmas Gift

Ellison-backed software provider sees its price soar 36.5%

Dec 21, 07 6:19 AM CST
(Newser) - Online software provider NetSuite reminded Wall Street of the good old days yesterday as the year’s final IPO scored a 36.5% increase over its opening price, reaching $35.50 by the NYSE closing bell, reports the Wall Street Journal. The company, backed by Oracle CEO Larry Ellison, in... More »

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Larry Ellison • NetSuite • IPO

NetSuite Doubles IPO Price

Surge of interest sees the price for the on-demand software vendor soar to $26

Dec 20, 07 5:11 AM CST
(Newser) - On-demand software vendor NetSuite has doubled the price on its IPO after a Dutch-auction-style bidding war over the past two days saw investor interest surge. After originally pricing the offering at $13-$16, NetSuite bumped it to $16-$19 Tuesday and then $19-$22 yesterday. Late last night the company set a target... More »

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Larry Ellison • Oracle • NetSuite • IPO

Oracle Blasts Forecasts With 35% Profit

Software maker rides spending spree
to another big quarter

Dec 19, 07 6:25 PM CST
(Newser) - Database software-maker Oracle surprised analysts today, reporting its income surged 35 percent in the second quarter to $1.3 billion, thanks to the success of new programs and customer-support contracts. Experts had expected sales of approximately $5.03 billion, Bloomberg reports, but the company boasted sales of $5.36 billion—... More »

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Silicon Valley • Larry Ellison • Oracle • software • database • tech stocks

Ellison-Backed IPO Wraps '07

NetSuite's auction format puts off some investors

Dec 17, 07 7:40 AM CST
(Newser) - On-demand software company NetSuite goes public this week with an offering likely to draw the bulk of attention in an otherwise quiet finale for IPOs. Only three firms will go to market, compared to eight in last year’s final week. Oracle CEO Larry Ellison’s NetSuite hopes to raise... More »

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Larry Ellison • Oracle • NetSuite • IPO

Netsuite Hopes for $99M in IPO

Ellison has moved decisively to silence conflict-of-interest criticisms

Dec 6, 07 5:46 PM CST
(Newser) - The IPO for Oracle CEO Larry Ellison’s ‘software-as-a-service’ company, Netsuite, is gearing up as the company set an initial price range yesterday of $13 to $16 a share for 6.2 million shares planned for release, News.com reports, a 10% stake. Netsuite hopes to raise $99.2... More »

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Larry Ellison • Oracle • NetSuite • IPO

Oracle CEO Sells Off $500M, With More To Come

But investors aren't worried as
Ellison liquidates 26 million shares

Oct 31, 07 11:10 AM CDT
(Newser) - The CEO of Oracle sold off half a billion dollars of stock, but analysts contend that the liquidation shouldn't worry investors. Markets noticed when Larry Ellison sold 26 million shares of the software company he founded in 1977. But the Wall Street Journal writes that past sell-offs haven't triggered broad... More »

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insider trading • Larry Ellison • Oracle • stock options

With IPO, Ellison Walks $500M Tightrope

NetSuite offering reveals Oracle chief's major stake in rival

Jul 3, 07 5:30 AM CDT
(Newser) - It's murky waters ahead for Oracle CEO Larry Ellison, a day after rival NetSuite Inc. revealed in an IPO filing that the outspoken billionaire holds a 74% stake. That puts Ellison, whose Oracle holdings are valued at $24 billion, in a tricky spot: Other shareholders may view the joint investments... More »

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Larry Ellison • Oracle • NetSuite • IPO • software • billionaire

America's Cup Lacks Americans

Larry Ellison's $400 million for naught as team implodes

May 21, 07 9:45 PM CDT
(Newser) - After a decisive 5-1 defeat by Italy's Luna Rossi, BMW Oracle Racing's leadership is in doubt; for the final race, owner Larry Ellison grounded skipper Chris Dickson, whose dictatorial style is said to have chafed the crew. Aided by the futuristic USA98, the underachieving Oracle team was predicted to challenge... More »

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yachting • Larry Ellison • America's Cup • Chris Dickson • Oracle Racing

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