Results tagged “larry ellison” from The Daily Nugget

Howard Street Closed for Larry Ellison

| Comments (0) | San Francisco | Tag(s): larry ellison, oracle
Well, at least indirectly. The city of San Francisco has agreed to close Howard Street between Third and Fourth Streets at the request of the Oracle OpenWorld Conference. The closure will take place from October 19th through October 28th. While I understand that the conference brings in millions of dollars for the city, is it really worth the traffic nightmare that this will create?

Steve Jobs could see this as an act of defiance by Larry and decide that Howard Street *must* be closed for Macworld. Then Bill Gates may follow suit and decide that a closure is in order for the next Microsoft Professional Developers Conference in San Francisco! And hey, once the precedent is set, the city will need to have good reason not to do it again. I hope they are charging Larry a lot of moolah for this inconvenience.

I think that this closure couldn't come at a worse time. The new Bloomingdale's just opened which has increased traffic Mission Street, where the new entrance to the mall is located. If Howard street is closed, the closest alternatives are Mission and Harrison Streets. The redirected traffic will cause gridlock to worsen on Mission, which is already pretty bad with shopping traffic, and on Harrison, which already sees afternoon 101 Highway access traffic. It's already insane!

It will be interesting to see how this all plays out and if public outcry is enough to keep the city from closing down Howard Street again, at any price.

Ellison Stiffs Harvard

| Comments (0) | News | Tag(s): education, larry ellison
One year after pledging a $115 million endowment to Harvard, Ellison still hasn't given them the money.

High Class Problems

| Comments (0) | News | Tag(s): larry ellison
The Chronicle ran a story about Larry Ellison, CEO of Oracle. Apparently, documents from his accountant detail the accountant's pleading with Ellison to sell some of his $17 billion in Oracle stock to pay off his $1 billion worth of credit lines from multiple banks. It's hard to think of a billionaire with financial problems, but those are the types of problems we alll wish we had. Don't cry for him Argentina!

LarryHard PeopleSoft

| Comments (0) | News | Tag(s): larry ellison, oracle, peoplesoft
Larry Ellison's unsolicited lowball bid for PeopleSoft is making them suffer a serious beatdown. He has drawn first blood and the company appears to be slowly hemorrhaging.

Oracle's $5.1 billion dollar bid instantly devalued PeopleSoft in the eyes of the street investors, it soured the pending deal between PeopleSoft and JD Edwards, and it's making customers cautious in buying PeopleSoft or JD Edwards products until everything pans out. We'll see what happens.

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