Oracle is in course to make Larry Ellison the world’s richest man • Hacker News Board

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

#41

Post by fatfingerd » Thu, Jun 15, 2023, 8:10 PM UTC

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?

Given the right market and regulatory timing, I think an acquisition by one of the largest US techs could pass and be for a bit more than the stock price, though it would probably at least partially be in the merged stock that he would still have to unwind.

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

#42

Post by bluepizza » Fri, Jun 16, 2023, 8:17 AM UTC

nailer wrote: post #25

bluepizza wrote: post #21

Earlier quoted context omitted.

All companies will eventually die. I'm not writing Oracle off, as they don't care about innovation at all. They care about those governmental and corporate contracts that innovative companies shun. The world is big enough for both to exist.

Actually you're right. I shouldn't say die. Oracle will fade into obscurity sooner. Like Tivoli or Lotus or Sun.

Absolutely. I am sure their goal is to be another IBM. The less they have to spend on stuff such as R&D the better.

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

#43

Post by devoutsalsa » Fri, Jun 16, 2023, 1:16 PM UTC

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?

Not specifically talking about Larry, but large blocks of stock are purchased all the time by a private investor. If someone likes the share price of Oracle times the number of shares owned by Ellison, they could wire Larry the money and he offloads the shares in a single transaction.