Jolly boating weather; Face value.(Challenging times for Larry Ellison's Oracle)(Company Profile)

Economist (US), The, January, 2003

All may be plain sailing for Larry Ellison's yacht in the America's Cup. Less so for his Oracle Corporation

IT HAS become something of a maritime tradition for Larry Ellison's boating rivals to drop their trousers and moon the billionaire when they pass him at sea. Opportunities for such cheeky salutes have been rare during the present America's Cup contest. Mr Ellison has not been an active member of the crew; and his yacht has every chance of winning the cup, having already seen off several vessels, including one part-sponsored by the Oracle founder's arch enemy, Microsoft.

In the less glamorous world of business, however, the recent storms in the technology sector have battered Mr Ellison's plans to make Oracle the equal of Microsoft, and...

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