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Oracle is in course to make Larry Ellison the world’s richest man

economist.com

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Re: Oracle is in course to make Larry Ellison the world’s richest man

#31

Post by cntlzw »

Gud wrote: post #26

Every time I see these articles I smile to myself. Do people seriously think these guys are richer than Mohammed bin Salman Al Saud? Or Vladimir Putin? They have nation states at their disposal. Golden palaces. Large armies. National oil and gas industries under their control. Their wealth and power is so obscene it’s hard to even quantify.

Can't agree more. Imagine you own a resource that every one on the planet needs. Pretty much everyone on the planet is your customer. You have a monopoly. Little to no competition. You control the prices. No need to pay taxes. You are the government, the police and in some cases even the religion.

Ellison can't beat that.

Re: Oracle is in course to make Larry Ellison the world’s richest man

#33

Post by heelix »

nailer wrote: post #20
WisNorCan wrote: post #16

Oracle is one of those companies like Microsoft which many in the tech industry wrote off years ago. Neither one qualified for the illustrious FAANG acronym. Ideally, when these things happen people would examine their blindspots.

I’m still writing Oracle off. It might be profitable but it’s not influential or innovative, and because of the later it will eventually die.

I'm less sure about that. Back in 2007 or so, our company was gobbled up by Oracle. Part of that process, I was the propeller head they sent with the suites to be screened by Larry. Very first question: Why you wearing a suite? He knew our Java app, knew the space, and really asked good questions. One of the more intimidating interviews I've ever done.

The nature of Oracle is they are willing to evaluate if things are working or not. They build in house, they buy where they think they have a gap. The two units will be kept somewhat separate while they compete. Eventually there will be just one. To the outside world, it is a bit of a WTF on the overlapping product list. You see the same sort of competitive, aggressive nature with their Sales folks. Hunters, not farmers. What I don't see Oracle doing is pulling a Rooster.com. They likely will figure out the 'next big thing' by making sure there is a market for it, building internally and then buying up the talent that flew just a tad too close to the sun - and make something that gives a maintenance stream. When you see them doing it, you can bet it has hit the point where it will be profitable for them.

Re: Oracle is in course to make Larry Ellison the world’s richest man

#34

Post by blibble »

saaaaaam wrote: post #24

I always find it strange that the “wealth” of people like Larry Ellison is based on the public market price of their companies. He owns 42% or Oracle, and so there is no way that he could realise that value at current market rates. Oracle has more debt than it has assets, and a significant proportion of that debt has been used to implement a stock buy back, putting cash in Larry’s pocket and increasing his ownership…

according to yahoo finance the company has a 10 day volume of 16.7 million shares with 2.7 billion shares outstanding

if larry has 1.1 billion shares it would take a few months to unwind that position without much market impact

if he wanted it done faster he would have to pay more though

Re: Oracle is in course to make Larry Ellison the world’s richest man

#35

Post by darzu »

blibble wrote: post #34
saaaaaam wrote: post #24

I always find it strange that the “wealth” of people like Larry Ellison is based on the public market price of their companies. He owns 42% or Oracle, and so there is no way that he could realise that value at current market rates. Oracle has more debt than it has assets, and a significant proportion of that debt has been used to implement a stock buy back, putting cash in Larry’s pocket and increasing his ownership…

according to yahoo finance the company has a 10 day volume of 16.7 million shares with 2.7 billion shares outstanding if larry has 1.1 billion shares it would take a few months to unwind that position without much market impact if he wanted it done faster he would have to pay more though

Do u really think the price would stay stable while the CEO sells of his whole stake?

Re: Oracle is in course to make Larry Ellison the world’s richest man

#36

Post by 0xr0kk3r »

WisNorCan wrote: post #16

Oracle is one of those companies like Microsoft which many in the tech industry wrote off years ago. Neither one qualified for the illustrious FAANG acronym. Ideally, when these things happen people would examine their blindspots.

Who is this "many" you speak of? And why are you chiding the hype machine for not including Oracle in its acronym?

Put aside the online rags trying to grab eyeballs and look at investors. My RIA has been using Oracle in portfolios for decades: Oracle has been sitting quietly in my portfolio for over 25 years, just doing its thing being a solid stock and paying dividends. There are many other blue-chips out there that focus on providing a reliable product instead of being some sexy risky growth stock that grabs all the media attention.

Re: Oracle is in course to make Larry Ellison the world’s richest man

#37

Post by bionsystem »

darzu wrote: post #35
blibble wrote: post #34

Earlier quoted context omitted.

according to yahoo finance the company has a 10 day volume of 16.7 million shares with 2.7 billion shares outstanding if larry has 1.1 billion shares it would take a few months to unwind that position without much market impact if he wanted it done faster he would have to pay more though

Do u really think the price would stay stable while the CEO sells of his whole stake?

He would have to sell slowly to get liquidity at a stable price. Which means he would have to file some forms that says he is selling before he can finish, which means he would have to come up with a narrative that's convincing the market that the company is still worth market price.

I'd say It's not impossible but quite unlikely that he can sell it all at current market price.

Re: Oracle is in course to make Larry Ellison the world’s richest man

#38

Post by constantcrying »

Gud wrote: post #26

Every time I see these articles I smile to myself. Do people seriously think these guys are richer than Mohammed bin Salman Al Saud? Or Vladimir Putin? They have nation states at their disposal. Golden palaces. Large armies. National oil and gas industries under their control. Their wealth and power is so obscene it’s hard to even quantify.

At these scales "wealth" becomes almost impossible to quantify in any meaningful way. These lists gather some rather arbitrary metrics and combine them into a single number. Comparison only makes sense within a narrow field, comparing Musk, Bezos, etc. is somewhat reasonable as their wealth is mostly the value of their companies multiplied by their ownership percentage.

Comparing the Saudi regent to an american buisiniess man in networth seems quite meaningless.

Re: Oracle is in course to make Larry Ellison the world’s richest man

#39

Post by xkcd-sucks »

euroderf wrote: post #23

Troll Proposal: Make an SQLite add-on that accepts Oracle SQL and configuration. Enhance, with verve.

There is the "orafce" Postgres extension; presumably it's pretty popular and well maintained since AWS RDS Postgres includes it

Re: Oracle is in course to make Larry Ellison the world’s richest man

#40

Post by expertentipp »

Gud wrote: post #26

Every time I see these articles I smile to myself. Do people seriously think these guys are richer than Mohammed bin Salman Al Saud? Or Vladimir Putin? They have nation states at their disposal. Golden palaces. Large armies. National oil and gas industries under their control. Their wealth and power is so obscene it’s hard to even quantify.

> They have nation states at their disposal

Owning an island inhabited by people gets him close. His only mistake was being born in wrong country. General mindset is the same.

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