Technology
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The Much Misunderstood Larry Ellison
It is not often I rally to Larry Ellison’s defense. In fact, it has never happened, unless you count that incident involving two underage interns, the failed MiG fighter acquisition and ten thousand cubic yards of Jello, but the legal settlement thereof bars further elaboration. Larry recently made a statement which people are assuming is just a typical, cynical, self-serving, Machiavellian exercise in spin…
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The IBM LBO Continues…
[From last week’s IBM earnings announcement] Revenue up $1.8 billion for the quarter. Hard to tell what organic growth was but probably very low single digits. Repurchased $14.6 billion in stock and the number of outstanding shares down over 6% in the quarter. Debt to fund the buyback up $12 billion in the last six months (up…
