Travel has high barriers to entry, ... This is more a classic bet on China as an emerging market.

We are early in this market and there could be six or seven winners. It's not a winner take all business,

Investors fail to appreciate is that this is one of Li's companies. Having one of the wealthiest and most influential men in China owning your company carries a lot of weight,

If Oracle wants to spend more money on lawyers, they should go ahead, but investors should be planning for a world where Oracle and PeopleSoft are separate. Unfortunately, the script of this movie ends with Oracle being disappointed.

I'd be surprised if we get tacit admission from the company, but the takeover probably distracted Oracle's front-line sales reps and customers,

If Oracle wants to spend more money on lawyers, they should go ahead, but investors should be planning for a world where Oracle and PeopleSoft are separate, ... Unfortunately, the script of this movie ends with Oracle being disappointed.