#larry ellison

Shira Ovide:

The Oracle CEO was slated to give a keynote speech Tuesday afternoon at Oracle OpenWorld, the business-software company’s annual gathering for people who love gabbing about databases and computer server racks. But just before Ellison was set to hit the stage, conference officials announced Ellison was out keeping tabs on the Oracle Team USA sailing team.

The term “fuck you money” exists for a reason.

(And it paid off.)

John Branch on the fascinating backstory of how the Golden Gate Yacht Club, and not the far more prestigious St. Francis, became the home to America’s Cup:

The St. Francis had attempted to win the America’s Cup in 2000. The member Paul Cayard skippered AmericaOne into the finals of the Louis Vuitton Cup, a sort of semifinal to determine who would challenge the defending champion in the America’s Cup. AmericaOne lost.

By then, Ellison, the founder and chief executive of Oracle, had built his résumé with major sailing victories for a team that he financed and sometimes skippered. He bought the assets from the AmericaOne team with the intention of creating the top challenger from the United States for the next America’s Cup, in 2003.

It was presumed that the St. Francis, which Ellison had joined several years earlier, would shepherd his quest. Negotiations were sticky. The two sides were unwilling to cede too much control.

The club wanted to name the boat. It refused to guarantee that Ellison, should his team win the America’s Cup, would be chosen to defend it if and when the race went to San Francisco Bay. It rejected a request to form a board within the St. Francis board of directors that would exclusively handle matters related to the America’s Cup.

Bajurin and other members of the Golden Gate Yacht Club heard whispers and read news media accounts of the failing negotiations. The club was $453,000 in debt.

So in walked Larry Ellison…

Arik Hesseldahl for AllThingsD:

In another slide we see Autonomy’s revenue and enterprise value as of January 24, 2011 — less than six months before HP’s acquisition — converted to U.S. dollars and compared against other notable software companies. Autonomy is valued at about $5.7 billion, or a little less than six times revenue. Six months later HP would pay nearly twice a much, which struck pretty much anyone paying attention as odd if only for the timing of the deal. Now HP says it paid about $5 billion too much for Autonomy and that amount lines up almost exactly with the increase in Autonomy’s valuation from this point. Coincidence? Maybe. But, interesting!

In hindsight, nearly everyone seems shocked that HP paid as much as it did for Autonomy — obvious now, given the $5 billion write-down! But the only one who seemed to be really vocal about this at the time was indeed Larry Ellison.

Oracle: Bad Ass Motherfuckers

Now that Steve Jobs has stepped down as CEO of Apple, I’m starting to realize that one of the things I might miss most are the posts he would do on Apple’s site from time to time. You know, like the dismantling of Flash

Unlike most corporate-speak which consists of bland nonsense glazed with PR buzzwords — which is always a complete and utter waste of time to read, Jobs’ post were written like a human being who doesn’t give a shit what anyone else thinks. Whether you agreed or disagreed with what he was actually saying, you had to respect the voice he was using. 

Now a new hope is rising. 

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