https://www.cnbc.com/2021/02/22/oracle-stock-jumps-as-investors-take-a-new-look-at-its-cloud-story.html
3 replies (most recent on top)
It’s actually kinda sad to see the man who built a really successful company drive it into the ground. The least he should do is sell it and watch someone else do it if that has to happen. Thought he would have at least that much intelligence, but clearly not !
This is what it all comes down to:
Oracle’s depth of commitment to the cloud space is also hard to see from the company’s spending. While the top cloud-infrastructure providers have routinely spent billions on data center infrastructure each quarter, Oracle reported $536 million in capital expenditures in its most recent quarter, which ended Nov. 30. In the fourth quarter Microsoft’s capital expenditures were 10 times that, at $5.4 billion.
Oracle has never, and will never, spend the money required to be a real player in cloud anything.
Oracle is a dying company run by an old, old man, LE, who is completely out of date and clueless. LE is putting all his money into stock buybacks, not into infrastructure. It's all fake and intended to just last a little bit longer, then it will collapse when the money runs out. It's still the same old problem as years ago when I was on here. There is no future at Oracle.
Get out of Oracle and get a real job!
LOL