Charles Phillips, one of the co-presidents at software giant and unenthusiastic server maker Oracle, reportedly said the company had plans to double its acquisition budget over the next five years to a total of $70bn. But apparently this is not true. Phillips was speaking on Thursday at the Fortune Brainstorm Tech 2010 …
They say that now
But I can't help bet wonder what, once cool, company they will buy, rape, pillage, and destroy next.
Just look at what they have done with/to Sun as a road map to destruction.
sun was pretty much walking dead already. Going though motions resembling what it did when it was young and cool and everybody bought their stuff, but failing to deliver. With a thick management meddling gravy sauce on top. oracle bought it because it wanted something from sun, but it wasn't the cachet. It might spin off the stuff it doesn't want, or maybe it'll just destroy it. sun did the old botch-up too, on occasion. Remember cobalt?
Our strategy is IBM....we can trust them.
We never bought an Oracle product other than EE but they have bought all of the applications we bought and have increased their % of our budget which huge price hikes with no added value.
We are using IBM to dramatically reduce our Oracle expenses.
Watch Phillips Comments
The video of Phillips’ comments is now live on Fortune.com: http://bit.ly/bfwCQ0
I mean, honestly, it's just not sensible to say "we will spend $Y dollars in the next Z years on acquisitions"... what if there's not $Y worth of good acquisitions?
It's an [alleged] budget - if there is nothing out there, it won't get spent. Simples, I thought.