John Paczkowski

Recent Posts by John Paczkowski

In the Valley, They Say, Larry’s Small Heart Grew Three Sizes That Day

his-heart-is-that-big.jpgLarry Ellison’s other company is finally going public. Today, NetSuite–the software-as-a-service company of which Ellison is a majority owner–opened bidding on the 6.2 million common shares it plans to sell in a modified Dutch auction.

Assuming the IPO goes off as planned–and given the healthy market for tech IPOs, there’s every reason to believe it will–NetSuite shares will price out in the range of $13 to $16, raising the company some $99 million with which to pay off some debt, make new investments and further enrich Ellison, who controls about 60% of NetSuite’s outstanding stock.

To be fair, though, he does plan to set aside some 31.9 million shares for charitable purposes–perhaps another $115 million pledge to make and then withdraw from Harvard University?


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik