Feeds

Oracle has '$70bn, five-year acquisition plan'

Oh wait, no it doesn't

Next gen security for virtualised datacentres

Charles Phillips, one of the co-presidents at software giant and unenthusiastic server maker Oracle, reportedly said the company had plans to double its acquisition budget over the next five years to a total of $70bn. But apparently this is not true.

Phillips was speaking on Thursday at the Fortune Brainstorm Tech 2010 conference in Aspen, Colorado, and perhaps the rarefied air got to the co-president or the reporter working for Fortune magazine, which hosted the conference and reported on Phillips' comments. "It's early in the game, and there's plenty left to do," Phillips is quoted as saying. There is no direct quote on the $70bn, five-year figure in the story, but Phillips is quoted saying that Oracle is not interested in buying SaaSy CRM rival Salesforce.com. which was founded by ex-Oracle hotshot Marc Benioff. (Sorry, you're going to have to get rich selling yourself to IBM instead.)

Oracle's PR machine, which is about as responsive as a mother-in-law (meaning, it talks to you when it wants to criticize or to get something, but generally ignores you otherwise), woke up early Friday morning to clarify Phillips' comments, saying that Oracle's acquisition strategy had not changed.

"Oracle does not have a five year acquisition budget," said Oracle spokesperson Karen Tillman in a statement. "We don't even have a one year acquisition budget. While it is highly unlikely that we will spend anything approaching $70 billion in five years, we will be opportunistic and, if market conditions warrant, we will buy additional companies that further our strategic goals and address our customers' needs." ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Why has the web gone to hell? Market chaos and HUMAN NATURE
Tim Berners-Lee isn't happy, but we should be
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Microsoft boots 1,500 dodgy apps from the Windows Store
DEVELOPERS! DEVELOPERS! DEVELOPERS! Naughty, misleading developers!
'Stop dissing Google or quit': OK, I quit, says Code Club co-founder
And now a message from our sponsors: 'STFU or else'
Apple promises to lift Curse of the Drained iPhone 5 Battery
Have you tried turning it off and...? Never mind, here's a replacement
Uber, Lyft and cutting corners: The true face of the Sharing Economy
Casual labour and tired ideas = not really web-tastic
Linux turns 23 and Linus Torvalds celebrates as only he can
No, not with swearing, but by controlling the release cycle
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.