Thread regarding Oracle Corp. layoffs

# The most dumb story was the Xerox sold GUI to Steve Jobs many many years ago.

Cloud is cloudy. Core Buisness leaders understand, renting Colocation HW costs $$, there is no "savings". It's 1980 grid computing re-marketed. Wow we can have virtual storage, virtual network, virtual cores and virtual memory. And move your application at will around in circles and up-charge for the network traffic movement. Your software engineers wrote c-appy code for single processor systems, that we can now scale out horizontally and waste even more resources. Zoom. Your CFO will love the spreadsheet modifications moving the CAPEX to OPEX and the politics internally shift where the CFO is no longer blamed by the board of directors for screwing the pooch. The CIO gets racked over the coals. While all the other EVP sit around the table and laugh.

I’d say that many of the old line IT biz leaders are vulnerable. If they haven’t found their new niche in the Era of The Cloud, and switched from traditional licensing revenue to subscription services revenue or found some hot new product, they are toast. Time to merge and consolidate with synergistic peers in the industry. Not for the first time or the last.

Xerox has announced they are making a bid to buy HP. I was surprised by that, but the printer business is not what it used to be.

Who knows, maybe someone will buy Oracle?

Oracle needs to start buying other companies, so they can cook the books and layoff all the administration at those companies, sell all their real estate holdings and rent them back.

Not a sign of a growth company. They will run out of cash before they get near $80. Lucky to keep $60-$65 if super good news re autonomous database. Huh?
LE stuck.

What do you think?

https://www.businessinsider.com/larry-ellison-no-new-equity-unless-oracle-stock-80-dollars-2017-9

One might think but IMO buyback strategies represent the executives core competency at the companies organizational lifecycle stage especially for aging tech companies once their tech becomes legacy. IE, it is easier to milk the cow for all it's worth for execs benefit than to spawn new cash cows for everyone's.