This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Is Larry Ellison Hell-Bent on Killing HP? - Today's Outrage

Today's Outrage by Glenn Hall

REDWOOD CITY, California ( TheStreet) -- Either Oracle (ORCL - Get Report) CEO Larry Ellison is determined to destroy HP (HPQ - Get Report) or he's engaged in a brilliant strategy to drive down HP's stock so that he can buy it at a bargain price.

Either way, Ellison seems to relish turning the dagger in HP's back every chance he gets.

At first I thought Ellison just had it in for Leo Apotheker because the recently ousted HP CEO had previously led SAP (SAP - Get Report), which Oracle was battling over charges of software theft that Ellison's team ultimately won in court.

The private feud theory is supported by the fact that Apotheker was brought in to replace Ellison's good friend Mark Hurd -- who HP dumped on the curb after an expense error that allegedly covered up an indiscretion with a female contractor. Ellison denounced HP for ditching Hurd and promptly hired him as co-president of Oracle.

With Apotheker gone at HP, I thought the feud would end, but now Ellison has turned his vitriol against Autonomy CEO Mike Lynch, who became a target now that HP is buying his company.

Out of the blue, Oracle issued a statement last night challenging Lynch's denial that he had tried to get Oracle to buy Autonomy before turning to HP.

"Either Mr. Lynch has a very poor memory or he's lying," the Oracle statement proclaims.

I'm not really sure what corporate purpose this revelation by Oracle serves, but the statement led off with a clear assault on HP's share price by saying: "After HP agreed to acquire Autonomy for over $11.7 billion dollars, Oracle commented that Autonomy had been 'shopped' to Oracle as well, but Oracle wasn't interested because the price was way too high."

This is pretty high drama for the corporate world. You've got to hand it to Ellison, he's making Oracle interesting again - just not for the right reasons.

At a time when the shift to cloud-based data solutions is threatening Oracle's old-school software systems, you'd think Ellison would have little time for this kind of corporate gossip mongering.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
HPQ $12.12 -1.22%
ORCL $40.30 1.10%
SAP $79.75 1.44%
AAPL $93.64 -0.11%
FB $118.57 0.84%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs