Chapter 365 (1/2)

As he trotted with Simon, Larry Ellison said, ”Simon, since you are optimistic about Oracle, why don't you give me the voting rights of Westeros shares, just like Microsoft?”

Simon said, ”Larry, just because I'm optimistic about Oracle doesn't mean I'm optimistic about you. If Oracle's share price continues to fall, I think it is necessary to change the person in charge. ”

Larry Ellison wanted to climb up the pole, but he didn't expect to dig a hole for himself. He laughed and said, ”Simon, you must be joking, right?”

They took another turn together. In front of them was Simon's mountain mansion.

Simon didn't mean to invite Ellison to breakfast. He stopped jogging and said, ”Larry, since westero has started to buy, it should be a great benefit for Oracle. What's more, I have never interfered in Oracle's operation since westero first bought Oracle a few years ago. You should understand my attitude. Now that you're here today, you're worried about your control over oracle. So, can you tell me what happened to Oracle? ”

Larry Ellison didn't expect that Simon's words were right. For a moment, he didn't know how to speak.

Simon saw that Ellison did not speak and asked a more specific question: ”the third quarter's financial report is coming out next month. What's Oracle's loss figure?”

”About $30 million,” Larry Ellison hesitated, then gave a vague figure, and immediately added: ”Simon, this is only temporary. Oracle's single quarter revenue in this quarter can exceed $200 million, a month on month growth of 26%. According to this growth rate, Oracle's revenue in this fiscal year can exceed $1 billion.”

Simon didn't listen to Ellison's explanation behind, and couldn't help confirming: ”a quarter, a loss of $30 million?”

In the past few years, Oracle's revenue has continuously doubled. This year, it has begun to expand its business to Latin America and Europe, with a very strong development speed. This is also the reason why it was able to reach a market value of $3.6 billion last year.

However, Oracle's net profit for the whole year of last year was only 41 million US dollars, and now it has a loss of 30 million US dollars in one quarter. Without major investment and M & A projects, the sudden huge loss can only mean that there are very serious problems inside oracle.

Simon doesn't interfere in Oracle's operations, but he doesn't know anything about the company.

Since the first half of this year, there have been constant media doubts about the exaggeration and misrepresentation of Oracle's financial data. Oracle's profits in the first two quarters of this year have also been shrinking, resulting in the continuous decline of its share price. Unexpectedly, in the third quarter, there was a huge loss of $30 million.

Larry Ellison was stared at by Simon's fierce eyes and had to nod again.

Simon stopped and asked, ”so?”

Larry Ellison knew what Simon meant and stopped hiding it, saying, ”Simon, it's just a tactical error. In order to get more bonus, some sales staff count the customers who just signed the intention to purchase software into their performance. As a result, these customers didn't use Oracle's software. I have been dealing with this problem in recent months... ”

Larry Ellison didn't go on, but Simon understood.

So far, it's not finished.

The new quarter's financial report is about to be released. Serious sales strategy mistakes, exaggerated revenue figures and huge losses of $30 million are enough for angry shareholders to oust Larry Ellison. This guy came to intercept Simon today. He should be trying to get him to help.

Not to mention Simon's personal reputation of creating a wealth miracle in just a few years, it's just that 15% of Oracle's shares in Westeros, plus Ellison's own 33%, can basically ensure absolute control over oracle.

In the early days, apple, Microsoft, Oracle and other technology companies did not have a multiple ownership structure to guarantee the founder's control.

If Simon and other shareholders want to oust Ellison, even if he is the largest shareholder holding 33% of Oracle shares, he will probably have to pack up his things and leave. That's how jobs was ousted from apple.

After thinking about it for a moment, Simon said, ”please contact Jim and write me a report on the details of this matter and the follow-up plan.”

Larry Ellison didn't want to go around James Leibold again and said, ”Simon, why don't we have breakfast together? My car is over there. Or, you can come to Oracle headquarters in the morning and let's talk about it carefully. ”

”Breakfast is OK, and I'm going to New York soon,” Simon refused. Although he didn't want to change Larry Ellison's idea, he didn't want to make himself seem too talkative, so he said, ”for the time being, go back and contact Jim as soon as possible. I don't want Oracle to hide anything from our major shareholders.”

Then, ignoring Ellison, Simon walked to the door of his mountain mansion.

After breakfast, he left Woodside. After the private plane took off, Simon contacted James Leibold to discuss oracle.James is also paying close attention to Oracle's recent developments. If Oracle is not one of the companies that Westeros promised not to reduce its holdings for three years, he has proposed that Simon sell Oracle's shares instead of continue to buy them.

Oracle's problems should be much more serious than what Larry Ellison described to Simon. Excessive expansion leads to tight cash flow, stock price plummeting causes financing difficulties, and may even face class action from shareholders because of its previous boastful performance. If we can't make it through this hurdle, the company may never recover, even if it won't go bankrupt.

The advent of the Internet era will greatly increase the market demand for database software. Simon is not so pessimistic as James. He just requires westero to continue to increase its shareholding while Oracle's share price is low until its shareholding ratio reaches 20%.

Although it's not clear whether Oracle had experienced such a disaster in the original time and space, even if all the business was lost, Simon can afford it now.

There is a four hour voyage between the East and west coasts.

After hanging up the phone with James, Simon sits on the window of the front living room, turns on his laptop and begins to study the video game dune that Nancy gave him a few days ago.

I don't know how long later, the faint fragrance in the air came, Simon looked up, a girl Alison Norris appeared beside him, also changed into a sky blue stewardess uniform, more and more slim, because the hair rolled up, delicate neck appears white and slender.

It has to be said that all of the four vases selected by Janet can score more than 80 points.

Seeing Simon looking up, Alison said, ”boss, let me ask if you want to have some lunch on the plane?”

So, the girl couldn't help glancing at the video game on Simon's laptop screen. She felt a faint sense of frustration in her heart. Are you and Becky less attractive than video games?