Phil Maxwell // Hi.
At 99¢ this is a steal!
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Oracle Issues Statement
REDWOOD SHORES, Calif., September 28, 2011Oracle issued the following statement:
"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. Mike Lynch, Autonomy CEO, then publically denied that his company had been shopped to Oracle. Specifically, Mr. Lynch said, “If some bank happened to come with us on a list, that is nothing to do with us.” Mr. Lynch then accused of Oracle of being ‘inaccurate’. Either Mr. Lynch has a very poor memory or he’s lying. ‘Some bank’ did not just happen to come to Oracle with Autonomy ‘on a list.’ The truth is that Mr. Lynch came to Oracle, along with his investment banker, Frank Quattrone, and met with Oracle’s head of M&A, Douglas Kehring and Oracle President Mark Hurd at 11 am on April 1, 2011. After listening to Mr. Lynch’s PowerPoint slide sales pitch to sell Autonomy to Oracle, Mr. Kehring and Mr. Hurd told Mr. Lynch that with a current market value of $6 billion, Autonomy was already extremely over-priced. The Lynch shopping visit to Oracle is easy to verify. We still have his PowerPoint slides.”
About Oracle
Oracle (NASDAQ: ORCL) is the world's most complete, open, and integrated business software and hardware systems company. For more information about Oracle, please visit our Web site at http://www.oracle.com.
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates.
Contact
Deborah Hellinger
Oracle Corporate Communications
212.508.7935
Deborah.hellinger@oracle.com
not really a super post, just a demo of posting by email...
Despite urging by the Yemen-based al Qaida leader Anwar Al Anlaki, Karim also rejected the use of a sophisticated code program called "Mujhaddin Secrets", which implements all the AES candidate cyphers, "because 'kaffirs', or non-believers, know about it so it must be less secure".
