It’s hard to think of an acquisition that Oracle didn’t destroy. Some say the company does it intentionally, but I can't believe it. Is it really possible that Oracle acquires companies just to destroy them?
9 replies (most recent on top)
They seem to buy troubled businesses at a premium. It’s throwing good money at something else that is broken. Oracle has a lot of debt and needs a good product to pay off that
79 billion. That’s alot of money. It will be interesting to see the financials after buying Cerner.
I don’t understand why the market watch dogs continue to recommend Oracle stock. Seems like he is either paying these people off or either they don’t check their facts. Their description of Oracle is of the old successful Oracle.
There is a lawsuit against NetSuite for exactly the reasons someone mentioned. That is true. Advertising things that the product can not do.
Product Development at Oracle is unbelievably horrible. Do not understand why they have the current leadership. A lot of people are unhappy about him especially about filing fraudulent patents. Don’t be surprised if you see something about this in the news soon.
Oracle doesn't try to destroy the company per se. But, their business model for revenue, growth, market gain, etc is by acquisition. If they had a perceived need they simply bought a company that had the product, rebranded and sold as Oracle in the market. Oracle doesn't develop. They want to profit from a current product for it's lifecycle. No cost for development, sales, etc. Then discard(keep a few for support at end of life) and buy another "feature" or product to rebrand and sell. That has created the challenge of how to use this strategy in the "cloud of " world. Cloud products usually need to be developed. Not very compatible for Oracle as they are not good at development. Hence the current growing(or shrinking) pains. They may overcome it, They have cash, but time is running out. There won't be much market share left to pick over once Google, Microsoft and Amazon saturate the market with new products. Which is nearly done. Oracle goes from a main player with what was the strongest DB, ERP market share just a couple years ago to a bit player with "me too" features in the cloud world. Eat the low hanging fruit for as long as you can. Just make sure you have a ladder when it runs out. Oracle is guilty of standing on the ground too long and letting all the ladders get bought up. Remember Larry in 2015-16 saying the "cloud" is made up?
Great words uttered by Larry.....
"Maybe I’m an id--t, but I have no idea what anyone is talking about. What is it? It’s complete gibberish. It’s insane. When is this idiocy going to stop?"
Uh, I don’t understand what we would do differently in the light of cloud computing, other than market … you know, change the wording on some of our ads."
I believe there is a lawsuit going on involving netsuite. Apparently they are selling non-existent features to customers. So I would argue that netsuite is effectively dead.
Netsuite wasn’t ruined. Well not yet
@2fsd+1gd1SFU. Ditto here. You are abso-freakin-lutely correct.
Whatever the business Oracle buy they are so arrogant they believe they know how to
run it better than the old management that built it and made it successful.
This is exactly it. I saw it repeated over and over and over again.
More like a battle lord invading and taking over territory. An evil one, who leaves scorched earth and a devastated population.
Whatever the business Oracle buy they are so arrogant they believe they know how to run it better than the old management that built it and made it successful.
They also treat the employees so badly they do the bare minimum as there are no rewards. Not even at a time of working from home with expensive fuel bills and 7% inflation.
Interesting thought. Could be an attempt to wipe out competition?