Sunday, July 08, 2007

Larry Ellison Listed as 'Risk' on IPO

In the S-1 IPO filing for Netsuite Inc., it says "Entities and individuals affiliated with Lawrence J. Ellison control our company, which may limit your ability to influence or control corporate actions. This concentration of ownership may also reduce the market price of our common stock." Larry Ellison is the Chief Executive Officer and a director of Oracle Corporation which supplies Netsuite with database software.

Netsuite is in the business of providing business management applications for small and medium size businesses. The anticipated NASDAQ stock ticker symbol is NETS.

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