Yes, But Does Google Have an America’s Cup?

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Congratulations to Larry Ellison and Oracle Team USA on winning the America’s Cup:

Capping the greatest comeback in America’s Cup history, Oracle Team USA trailed at the start of the race but sailed away from Emirates Team New Zealand on Wednesday to retain the Cup in a winner-take-all decider.

After falling behind 8-1, the American team under never-say-die skipper Jimmy Spithill captured eight consecutive races to win 9-8 in the first-to-nine-wins series. Oracle won 11 races but was hit with a two-race penalty for cheating in a warm-up race with smaller boats.

The deciding race didn’t start well for Oracle. The Kiwis took advantage of their port position at the start and maintained an early seven-second lead at Mark 1 as Oracle plunged its two bows into the water while making the turn. But after three lead changes in the third upwind leg – once the Americans’ weakness – Oracle sailed away with a 44-second victory.

On Monday, shares of ORCL hit a three-month high. As always, correlation doesn’t imply causation.

Posted by on September 25th, 2013 at 6:51 pm


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