I don't understand, what good is a split? Your equity in the company remains the same, and the div. would probably be halved. The stock is not that expensive that it makes sense to split it. I own ORCL which split 10 years ago at 95, it tanked back to single digits and is only 24 today, still 22 points from it's high so a split is nothing to get excited about.
I don't know that a split is the best policy right now, but probably wouldn't be a bad idea. I said recently that a special dividend followed by a 3:2 split would be great for longs because the price would probably drop for a brief period after the split and the reinvested big dividend would pick up a lot more shares in addition to the 50% more shares from the split. Something like that could give you 60% or more new shares. From the looks of things a 3:2 late this year we'd still have a very respectable 1.90$-2.00$ EPS.
If the dividend tax is hiked way up in 2011 I don't know if a split would be a good idea right now. I doubt management will make any big decisions until we know what Uncle Sam decides to do.
Yeah, but Oracle got nailed in the dot-com bubble and had crappy earnings. If you knew more about the stock you'd know that maintaining the dividend or even raising it after a 3:2 split would be easily affordable.