https://realmoney.thestreet.com/investing/technology/oracle-worrisome-parallels-with-ibm-14975648
30 replies (most recent on top)
If the SEC had something on fraud they would have intervened a long time ago. Look at how little time it took them to effectively shut down Theranos. And there's serious talk of them intervening at Boeing over not disclosing 737 MAX issues to shareholders.
Prediction: 5 years from now the same posters will still be yammering over "cloud washing" and claiming that Oracle arrests are imminent.
b---s--- doesn't mean fraudulent it means they include a whole bunch of things that aren't really cloud in the sense most people think of cloud.
"Everyone's cloud numbers EXCEPT Amazon are all b---s--- "
Yes, i'll believe the useless rantings from an anon on a c. 90s forum over financials, analysts, printed press.
rolls eyes
@ZjS95ZF-1jlt Everyone's cloud numbers EXCEPT Amazon are all b---s--- (no I don't work for Amazon). Microsoft is clearly #2, but they inflate their numbers with Office365. Google is clearly number #3 but they inflate their numbers with GSuite. Everyone else is irrelevant. IBM includes hardware, on-prem software, and services because they consider it to be private cloud. Oracle and SAP don't even register. Maybe Amazon should start including sales of books about cloud in their cloud revenue.
They approve each others pay.
Why does Oracle need 2 CEOs? And, MH and SC are at the very top of the list as highest paid CEOs!
- Safra Catz
• Most recent annual compensation: $108.3 million (tie)
• Company: Oracle
• Revenue: $37.7 billion
• Number of employees: 138,000
- Mark Hurd
• Most recent annual compensation: $108.3 million (tie)
• Company: Oracle
• Revenue: $37.7 billion
• Number of employees: 138,000
https://www.usatoday.com/story/money/2019/04/30/highest-paid-ceos-at-americas-largest-companies-tim-cook-robert-iger/39389897/
Oracle's biggest customers have already converted to the cloud. Just not Oracle Cloud. Oracle software will be kept until they can get rid of it, then they'll be happy to be rid of Oracle.
“Oracle just has to convert it biggest customers to the cloud”
Omg - dream on, they are all running away from Oracle as fast and as far as they can. There is literally zero chance of the happening.
"@ZjS95ZF-hnx Really? I spit coffee all over my screen when I read that link."
Yes i was surprised myself awhile back when looking who had the leading cloud footprint(s). A lot of it is about press coverage, hype, and branding.
Maybe Google's longterm plan for TK is to steal some of the business/contacts from Oracle.
And, if we apply the same formula as we do for Oracle, the end is near for Google, right?
Oracle just has to convert their biggest customers to the cloud ; like IBM, Dell, Microsoft, they have money in the bank and will be around for a long time
@ZjS95ZF-hnx Really? I spit coffee all over my screen when I read that link. Microsoft #1 in cloud (ahead of Amazon by a huge amount)? IBM #3? Oracle and SAP both ahead of Google? Accenture ahead of Oracle and SAP? I had to check to make sure the article wasn't published on April 1.
IBM started declining because it stopped innovating; Oracle is crashing because customers passionately hate and detest it and don’t plain want to do business with it - look no further than oracle’s largest customer Amazon - doing everything they can to get off o’s DB. Pretty much what every Oracle customer is looking to do - does not make for long survival. Oracle’s decline will be much steeper and faster and it already started. Crashing, crashing, crashing
"Oracle will be around for a long time"
Yes, they have deep pockets, brand name, customer base.
What most in here like to harp on is a lack of Cloud leadership. They don't have to be the leader. Just need a piece of the pie.
Oracle will be around for a long time, supporting legacy install base. It will continue to shrink, and one day be acquired by Micro Focus.
Considering that IBM has been in steady decline for decades but is still very profitable, does that mean Oracle will be around for a long time?
In other words, IBM is just like Oracle or maybe Oracle is just like IBM, in making their so called cloud offering seem bigger than they are by including traditional managed services in their cloud definitions. If you can’t beat real cloud companies, make up some new definition jay makes you look better - aka common law fraud.
https://cloudwars.co/top-10-cloud-vendors-revenue-2019/
https://www.zdnet.com/article/top-cloud-providers-2019-aws-microsoft-azure-google-cloud-ibm-makes-hybrid-move-salesforce-dominates-saas/
"Google is actually generally accepted as #3 in actual cloud."
Now you are defining what is real and what is 'fake cloud?'
At any rate, depending on how you rate the cloud services, IBM hops between #3 and #4.
HARDLY a failure as stated above.
Google is actually generally accepted as #3 in actual cloud.
IBM includes managed services and hardware in its cloud revenue to make it look bigger. #3 in fake cloud.
"No doubt here are some fools out there that think that IBM is #3 in "
It is regarded #3 in cloud space you tool. But why would anyone believe Forbes when they can get it from the opinionated rantings found on an internet forum.
Yes IBM is no longer s-xy company du jour but IBM still pulls in 80bn.if that is hurting please give me some hurt.
No doubt here are some fools out there that think that IBM is #3 in something, but maybe you can google what has happened to IBM’s global revenues over the last 10 yrs and try to understand how they have been steadily declining. There is a hint there for you - that’s Oracle right there. Yes, we have seen this movie before and we know how badly it end. Oh, and look up NCR and HP while you’re at it ‘just google it guy’. Another stable genius no doubt
"The biggest cloud losers: IBM and Oracle"
IBM is regarded as #3 in cloud providers. Man you dim-wits constantly talking about things you literally have no idea of and is a google search away. Terrible way to go thru life: ignorant and lazy.
IBM is so big that redhat will in few years dissolve. There are lots of products that are overlapping... do you think they will spend on both overlapping products? they merge them or they cancel one (redhat ones since IBM ones has likely more customers). In 2-3 years will see how such a massive takeover will shape each side :)
The biggest cloud losers: IBM and Oracle - pursuing the same failed strategies. You must be so proud LE!
How IBM integrates, or doesn’t integrate Red Hat, will inform their business for years to come. Will Red Hat get Bluewashed, with the resulting exodus of critical talent, or will they be able to keep Red Hat at arm’s length and allow it to continue as an independent entity? Stay tuned!
OMG, this is exactly what we have been screaming about on this board since 2015 when I first landed here. Just look at older posts. It's been right here in the plain sight and the Wall Street is just now waking up to this fact...
What a bunch of douches.
MH has personally wreaked more negative havoc on more people in the technology industry with his destruction of NCR, HP and now Oracle than any executive in the technology industry’s history. He has personally devastated hundreds of thousands of loyal technology workers’ lives. And by extension their families.
MH’s level of devastation — all for his personal enrichment — is utterly amazing and apalling at the same time.
hmm, IBM still pulls in 80bn a year with net in 10s of billions.
Gosh, hardly a sky is falling prediction.
And like IBM, Oracle has leaned heavily on job cuts and buybacks to prop up its EPS in the fact of little to no revenue growth.