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World News Atlas    San Francisco Bay Area    Oracle    2001

Oracle, 2001 Timeline Thursday, September 4     Author
Search Bay Area News Atlas:

  Ellison accused of stock fraud  A law firm sued Oracle CEO, alleging insider trading when he dumped stock prior to a bad earnings report. Oracle meets lowered expectations  Company reported net income of $582.7 million, or 10 cents per share Oracle to Cut Up to 2% of Staff  Company would cut up to 866 jobs to trim spending amid a slowing economy   Ellison builds huge home  Japanese-styled villa with man-made ponds, waterfalls and a moon pavilion. The cost is more than $80 million   Judge Warns City in Ellison Flap  A federal judge warned San Jose that he may be forced to strike down International Airport's noise curfew Oracle to Buy Back More of Its Stock  Board authorized the repurchase of $3 billion more of its stock in an expansion of its buyback plan Oracle Sales Outlook Still Cloudy  Executive vice president said revenues should get a boost from the release of new database product Oracle widens market lead  Share of the database market rose from 31.4% in 1999 to 33.8% in 2000. Profits will be hurt by price cuts Analysts See Oracle Struggling  Analysts think the company will end its 4th quarter with a whimper   Ellison can land jet after curfew  Judge allowed Oracle CEO to land his private jet at San Jose International Airport after curfew hours 9i: Database new version  The software will extend its technological lead in databases. Oracle's competitors are becoming more aggressive 4rth-quarter beat expectations

World News
    USA (200)
        Bay Area
            Peninsula (779)
                South San Mateo County (176)
                    Oracle (83)
                        2001

                            Business (22)
                            Politics (2)
                            Crime (1)

                            January
                            February
                            March
                            April
                            May
                            June
                            July
                            August
                            September
                            October
                            November
                            December
                            Real Estate
Legend  
Insiders Exercise Options Shares of Oracle down 13%  Analyst pared 3rd-quarter growth forecast for the core business due to the demise of several Internet firms Oracle stood by bullish forecast  Company expected to see database revenues rising between 15% and 20%, and applications increasing up to 75% Clinton to join Oracle board?  Clinton delivers the keynote speech at an Oracle convention Oracle warns of lower earnings


January 2001 ... more > Top ^

Jan.11


February 2001 ... more > Top ^

Feb.9
Feb.14


March 2001 ... more > Top ^

Mar.1
  Sudden slowdown in sales caused by the country's slumping economy
Mar.9
Mar.15
Mar.20
Mar.26


April 2001 ... more > Top ^

Apr.10
Apr.24
Apr.30


May 2001 ... more > Top ^

May.23
May.31


June 2001 ... more > Top ^

Jun.13
Jun.18
  Earnings is $855 million, or 15 cents per share. Net income for the quarter dropped 83%


September 2001 ... more > Top ^

Sep.4 Ellison pulls in $706M on options
  Chief executive cashed in millions while Oracle's shares were still flying high Sep.13 Better-than-expected earnings
  Software giant earned $510.6 million, or 9 cents per share. Company postpones conference call
Sep.17 Oracle warns sales to erode  Sales of new software licenses during 3 months ending in November will decline by 15% from 2000

November 2001 ... more > Top ^

Nov.13 A Warning from Oracle  Larry Ellison: producing a per-share profit of 9 to 10 cents would be difficult Nov.30 Executive VP resigns  Jay Nussbaum, 58, is accepting a job at one of the company's business partners

December 2001 ... more > Top ^

Dec.13 Profit falls 12%
  Sales of its business software shriveled during toughest quarter in decade. The results matched the expectations
Dec.28 Up to 850 workers to be fired
  Oracle will fire up to 2% of its worldwide work force, early 2002 to help offset sluggish sales




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