5 years after the Front Porch Digital acquisition, probably a good news for the remaining employees, partners and DIVA customers... http://www.content-technology.com/mediamanagement/?p=1392
Bad news - JP Morgan CIO SURVEY
According to JPMC survey of 122 CIOs responsible for $82 Bn in annual tech spend, they will spend more on MSFT and AWS, will spend less on IBM and Oracle. Foot time to sell oracle stock!
ORCL all-time record high
The only way it up.
Oracle pays its CEO $1.2K for every dollar it pays its median employee.
Oracle pays its CEO $1,204.65 for every dollar it pays its median employee. CEO COMPENSATION: $108,282,333 MEDIAN EMPLOYEE COMPENSATION: $89,887 DODD FRANK RATIO: 1,204.6 to 1 ORACLE: https://www.doddfrankratio.com/company/ORCL Ranking:... — read more
Autonomous Database Dedicated
https://venturebeat.com/2019/06/26/oracle-launches-autonomous-database-dedicated-for-enterprise-customers/ So dedicated Exadata in Oracle's cloud center, which is rented somewhere? Will security agencies etc really go for this as opposed to on... — read more
Stock buybacks can't bail us out forever
I suspect there will be more layoffs in the coming year than in the last year. Oracle can't buy back stock at the same rate as last year..... so something has to happen to make revenue goals. There have to be layoffs coming up, and I think they will... — read more
Support - anyone else has all hands tomorrow?
My group has one scheduled for 10am tomorrow, worried. So I want to so want to know if that’s just another regular all hands or layoffs. Any other teams have hear anything on support?
RIF in CGBU Bedford
Confirmed 6 laid off today. New hires just came on board within the last month. So they are hiring and firing at the same time. Direct managers did not know until yesterday afternoon that they were laying off in the morning and who was being laid... — read more
Seeking Alpha: Oracle's Stock May Fall Amid Weak Results.
Seeking Alpha: Oracle's Stock May Fall Amid Weak Results. =========++++++===== https://seekingalpha.com/article/4271998-oracles-stock-may-fall-amid-weak-results Oracle's (ORCL) results do not appear to be as stellar as the stock's sharp rise last... — read more
The Pentagon stands by its decision to reject Oracle's bid..
Business Insider: The Pentagon stands by its decision to reject Oracle's bid for the $10 billion JEDI cloud contract: It's 'not in the same class' as Microsoft and Amazon. =========... — read more
Huge Multiphase Global layoffs are coming... we just don't know when
The latest 10-K for FY2019 did not include any advanced notice of money set aside for restructuring primarily due to employee severance packages. This was by design, we have no idea how large will be. Rumor is Oracle will shrink from 140k to less... — read more
Looks like investors are finally starting to wise up
https://seekingalpha.com/article/4271998-oracles-stock-may-fall-amid-weak-results Oracle's (ORCL) results do not appear to be as stellar as the stock's sharp rise last week would suggest. When digging deeper into the financials, one can easily see... — read more
RIP Dyn
https://www.unionleader.com/news/business/oracle-dyn-axes-dozens-of-jobs-in-manchester-millyard/article_9970c8e2-09bd-5d27-8d19-40603b1cd9a1.html
Market cap between M$ And o in past 5years
2014 Microsoft 500m 2014 oracle 230m 2019 Microsoft 1T 2019 oracle 189m
Deferred revenue, cloud growth.... Am I missing something?.
I must be missing something.... maybe somebody can enlighten me. Oracle reports results. I hear lots of b---s--- around the renewed Cloud success and growth. I look at the numbers and the deferred revenues are flat compared to past FY. Do analysts... — read more
No further action of CDC?
It's long time our team at CDC has no tasks, my daily routine is just spending 5 minutes to check email. I do not think Oracle will feed us forever.
Oracle stock price
Based on positive results and more than expected the stock price of ORCL has spiked.. Do you think it will reach 60$ soon or will go down in few weeks ?
10 a.m. conference call - Oracle + Dyn redundancies
On November 21, 2016, Oracle announced it had signed an agreement to acquire Dyn. “Dyn’s immensely scalable and global DNS is a critical core component and a natural extension to our cloud computing platform,” stated Thomas Kurian, President of... — read more
Glassdoor top 20: Salesforce’s co-CEOs Marc Benioff and Keith Block at No. 17
When will our so called 3 highly paid CEOs will be top CEOs list ??
Is our reputation ruined for good?
Is there any way to repair our image with the customers?
Oracle is a marketing company
https://seekingalpha.com/article/4271700-oracle-marketing-company?source=2800:read_now&dr=1 Oracle is not a company good at creating innovative tech, but it is a genius at marketing mundane tech to enterprises.
more cost cutting
People in Sweden used to have a private healthcare provided by ORACLE. It looks like that is no longer the case and they have changed it, effective immediately for everyone so that people need to pay to visit the doctor through the insurance... — read more
Congratulations to those diligent colleagues!
Almost all of them have got offers from Facebook, Google, Linkedlin, Amazon, etc. You are the best. You are not 'irreverent'.
Unofficial official layoff report 6-23/2019
No major layoffs this past week. Total since 6/1-2106 remains at 24,186. Quite clear from various announcements that layoffs will continue in dribs and drabs and many existing units will be allowed to “melt” away. Keep looking for opportunities... — read more
ORCL HW revenue for FYs
Year Rev Cost Profit (m) 2019 3704 - 1360 = $2344 2018 3994 - 1576 = $2418 2017 4152 - 1653 = $2499 2016 4668 - 2064 = $2604 2015 5205 - 2287 = $2918 2014 5372 - 2357 = $3015 2013 5346 - 2391 = $2955 2012 6302 - 2889 = $3413 2011 6944 - 3316 = $3628... — read more
LE says "Some of Oracle's businesses 'are melting away and we just don't care"
Behind a paywall: https://www.businessinsider.com/larry-ellison-explains-oracle-ongoing-restructuring-2019-6 Key takeaways: "Oracle has been conducting rolling layoffs worldwide since March, impacting all sorts of business units within the company... — read more
ORCL HW total revenue
ORCL HW total revenue (m) 2019 $994 2018 $1115 2017 $1114 2016 $1283 2015 $1407 2014 $1466 2013 $1431 2012 $1577 2011 $1830 2010 $1831
Oci and Recent results
How much is oci’s share in recent results? Couple of managers from oci reached to me saying ‘really good time to join oci and its going to get exciting in coming days’. Not sure if they are just baits but wanted to know, Is oci really contributing to... — read more
Buss Insider LE interview
LE: some of our businesses are melting away and we don’t care Check it out
O LinkedIn campaign?
Is Oracle conducting a PR campaign in Linkedin? What are you folks seeing? That would almost be funny
S.C. and Romania
So where does Romania stand with regard to SC these days? It was such a love affair a few years back. Is the bloom off the rose, the lipstick off the pig, or do the people of Romania still love her?
Getting paid for buying back shares
It should now be clear to everybody that since oracle is not experiencing any growth and the increase in EPS are due to share buybacks using oracle cash, what the 3 stooges are really getting paid for is using oracle cash to buy back oracle shares... — read more
Oracle gender pay lawsuit
Bloomberg: Oracle women fight for class action status in gender pay lawsuit. Check it out
Raises anyone?
What's up with raises at Oracle? Industry estimates state that 3% should be the average raise for good workers, and 2.5% for average workers. But not at Oracle. Oracle delayed their employee raises for a FULL YEAR. Rather than their 3 to 6 month... — read more
O market cap going nowhere
Forget about the share price, it’s a function of share buybacks; look at the total Market Capitalization - which tells the true story and which is going nowhere. O Market cap was $171 Bn June 2014; now it’s $206 Bn, up 20% over 5 yrs - lame compared... — read more
They have fooled the market for now
No immediate layoffs. They already occurred to make the numbers look OK this quarter. Oracle still has a lot to do to make it: Oracle's customer's hate Oracle Oracle's employees hate Oracle Lots of defections to Google indicate those higher up know... — read more
Balance sheet bad news - ORCL spent $29 billion in FY 2019 - they will run out of cash at this rate
A glowing earnings report? Read the balance sheet. Revenue growth year over year was 0%. Cash (including short term marketable securities, which are money market bonds) shrank by 29 BILLION in one year, and now there is only 37 billion left. The... — read more
Kudos to our teams!
I'd like to give a toast to success! Thank you to each of you whose effort and hard work contributed to our tremendous continuous success - with revenue coming in at $11.13 billion (versus $10.95 expected by Wall Street we have, yet again... — read more