Oracle Corp. is the latest company to seize the moment in a credit market recovery, bringing a $7 billion bond sale to help fund its acquisition of medical-records systems provider Cerner Corp.
https://www.bloomberg.com/news/articles/2022-11-07/oracle-kicks-off-four-part-bond-sale-to-help-fund-cerner-deal
Buying Cerner is the worst decision oracle has ever made and could cause the undoing of oracle.
The corporate graveyard is full of companies who went under because of bad acquisitions. Floating debt to finance an acquisition is generally not good business unless said acquisition can reap instant profits.
For a textbook case of this, see Prime Computer and its acquisition of Computervision.
History never repeats. Except on days ending in the letter "y" (in English, of course)
How many employees will Oracle need
Since Oracle has made it easy for customers to get out from under O’s control.
Shocking. This is called decision bias. And specifically the “sunk cost” bias. Buying Cerner is the worst decision oracle has ever made and could cause the undoing of oracle.
This is LJE trying to create a different legacy in an industry he really doesn’t understand. Supported by MS who does nothing but tell his boss everything he wants to hear. More decision bias.
If anyone saw Larry drone on at Cloud world you could see he knows nothing about how health care really works. Sure - the goal is real but the USs failure to deliver a proper health care record owned by the patients will not be delivered by oracle. What Larry is trying to do with the EhR will never get traction in the rest of the word and most likely not in the US. The failing is policy and trust…not technology. Cerner is nearly all US revenue and not applicable to most of the worlds governments or hospitals. And certainly what patients are going to trust Larry and his acolytes when the companies they sell to hardly trust or respect oracle, how are individuals going to trust oracle with critical health care data?
Cerner was on the fringe of failing before oracle bought them. Now they are dragging oracle down with them. Every part of oracle is suffering massive cuts - support, product, R&D, service to customers. All this has nothing to do with the market - everything to do with having to pay for Cerner. LJEs little wet dream is making a mess. Every oracle customer I know at OCW saw through Larry. It’s time he learns how to deliver an OCW address in 30 minutes and not drone on for 90 minutes about something a gradeschooler could deliver
And is laying off how many in its growth by amputation strategy?