Speaking of the
Times , a headline -- "Oracle Shrugs Off Turmoil in the Financial Markets" -- caught my
attention this morning. I figured Warren Buffet had spoken. Nope. It was just a story about the business software maker, in the words of its president, having a "real nothing special quarter." Nothing
special to Oracle, however, is a 28% rise in net income for the first quarter over a year ago.
Buffet, meanwhile,
wore a shirt bearing the number 1/16 -- the lowest denomination used for a share price -- and threw out the first pitch at last
night's Tampa Bay vs. Boston game at Fenway Park. His battery mate? Former General Electric CEO Jack Welch. Both wore Red Sox jerseys, further evidence that the Yankees are finishing way out of the
money this year.
Earlier in the day, Buffet spent $4.7 billion to buy Constellation Energy Group, according to
Financial Times . If you can find the marketing angle, you're a better reporter than I, but the market angle is
obvious. Last week, the company was worth about twice that amount.
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