Ellison strikes bullish tone at shareholder meeting
Seemingly unfazed by the ongoing meltdown in global financial markets, Oracle CEO Larry Ellison said Friday his company will likely emerge unscathed, and in fact may "come out of this downturn stronger than we ever have before."
Speaking during Oracle's annual shareholder meeting, Ellison listed a number of rationales for his confidence.
First, the weak economy could actually help Oracle grow, since acquisitions -- of which the company has made many in recent years -- could be cheaper, Ellison said.
He also spun Oracle's fallen stock price as a positive. "We don't like our stock being down, but we're buyers of our stock at these prices. We'll look at that as an opportunity."
Ellison also downplayed the importance of new license growth, which is often cited as a key indicator of a software company's financial health.
A substantial portion of Oracle's revenue -- roughly half at this point -- comes from existing customers renewing their annual license agreements, and the percentage continues to grow, according to Ellison.
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cloud computing
The comments by Larry Ellison and the Motley Fool are of extreme opposite opinions. Both are reputable source of information - this adds to my confusion!?Cloud Computing and Corporate Culpability
Cloud Computing and Corporate CulpabilityRe: Cloud Computing Security Risks and Accountability for Loss of Data, Breach of Privacy and Other Violations
I am not a lawyer. I don't play one on television. And after my last divorce, I have no motivation to further enrich any member of the legal profession. Nevertheless, my first and best advice to any American business executive considering "cloud computing", "SaaS" or "PaaS" as cost-cutting solutions in recessionary times is GET THEE TO AN ATTORNEY!
Regardless of who wins the White House next Tuesday--Oblabla and the Mouth, or Geezer and Gidget--and no matter what remuda of Republocrats controls our Congress thereafter, the recently exposed excesses of Wall Street's Bonus Buccaneer CEOs guarantee increased scrutiny and accountability for executives at all levels and in all arenas, including and perhaps especially that of the CIO. In such a charged political environment, any harm, damage, loss or breach of HIPAA or other privacy mandates attributable to corporate decisions to outsource sensitive information for bottom-line benefit is likely to have repercussions that go far beyond reversing any perceived savings. And when time comes for the ax to fall in the boardroom--or worse, the gavel in the courtroom--rest assured that your cries to blame the Data Manager in Mumbai will fall on deaf ears.
Bruce Arnold, Miami Web Designer
http://WebDesignMiami.PervasivePersuasion.com