Thread regarding Oracle Corp. layoffs

I'm so glad that SC was able to sell her 5 million shares $ORCL before the money runs out and the price plummets.

I feel that my sacrifice is justified now. I love her so much.

"Oracle has been making ~40bn a year for last 8 years..whereas the competition was making ~40bn a year 8 years ago and now its making >110bn a year !!"

Okay, it's like saying "you're not worth 10bn, just 4bn." But they are still a billonaire!

You guys, as usual, are reaching. If you spent this much energy job hunting...lord knows what you could accomplish.

Even Ballmer was better than SC and MH. In 2010 he famously said "we're all in", that they were betting the future of the company on cloud (https://www.networkworld.com/article/2203672/microsoft-s-ballmer---for-the-cloud--we-re-all-in-.html). That's when they started investing billions in datacentres and networks, and moved all software development to a cloud model. That investment from 9 years ago is paying off now.

That was only 5 months after Larry still didn't believe cloud was a thing (http://allthingsd.com/20091002/another-one-of-these-cloud-computing-rants-and-you%E2%80%99ve-got-yourself-a-stand-up-routine-larry/). 10 years later and Oracle still isn't investing in building out global cloud infrastructure.

Not to mention that Microsoft promoted an Engineer to be CEO (Satya), while Oracle still has an Accountant and a Salesman. Rather than making an Engineer CEO, they let him leave and go to Google.

Can't screw with customers, piss off developers, have a pushy sales and legal force, offer virtually no incentives to new folks, and then expect to acquire new customers willingly.

Microsoft learned this lesson when the brought in Satya, and they finally started to take off. Oracle hasn't. Safra and Mark is just a two headed Steve Ballmer.

Competition is making 100bn + or more

Oracle has been making ~40bn a year for last 8 years..whereas the competition was making ~40bn a year 8 years ago and now its making >110bn a year !!

Oracle is purchasing stock with debt instead of making capex investments for a difficult future. Your customers all have plans to rid themselves of Oracle systems.

No one is building on Oracle DBMS.

But Safra got $270 million

Safra A. Catz (Hebrew: צפרא כץ, born December 1, 1961) is an Israeli-born American business executive. She has been an executive at Oracle Corporation since April 1999, and a board member since 2001. In April 2011 she was named co-president and chief financial officer, reporting to founder/CTO Larry Ellison.[3] On September 18, 2014, Oracle announced that Larry Ellison would step down as CEO and that Mark Hurd and Catz had been named as the new CEOs.[4]

"Revenues are flat for EIGHT YEARS"

So we went from 'death spiral' to 'potential crisis' to 'flat revenue.'

LoL. Reaching for my crystal ball again...

Revenues are flat for EIGHT YEARS

https://www.statista.com/statistics/269722/oracle-revenue-since-2005/

Where is the growth in this company? The entire point of the cloud is companies ditching their data centers and overpriced, abusive softwares.

Oracle has peaked, and the decline will be brutal.

"A crisis is inevitable."

So we went from 'death spiral' to 'a possible crises.'

LoL. My crystal ball says ...

Revenues will decline, and accelerate. And Oracle has a LOT of debt.

A crisis is inevitable.

At still ~40bn revenue a year --- that's not a spiral by any measure. To stick with the analogy, turbulence at the worst.

But keep on pining over the gf who dumped you and hoping for her demise.