BlackBerry (BBRY) is up for sale. Oracle (ORCL) once saved another hardware-software company (Sun Microsystems) from certain doom. Will Larry Ellison open his wallet for the mobile market?
A lot of sound and fury that ultimately signifies nothing was generated this week as Larry Ellison announced he would be abdicating the role of CEO in favor of being Oracle (ORCL) chairman and CTO. In his place, Safra Catz and Mark Hurd will take the leadership reins.
Oracle’s (ORCL) iconic leader Larry Ellison, who founded the company in 1977, is stepping down as chief executive, handing the helm to current de-facto bosses Mark Hurd and Safra Catz, both of whom will be officially elevated to CEO as Ellison becomes chief technology officer and board executive chairman.
Imploding smartphone maker retreats to corporate market
In the wake of BlackBerry's (BBRY) financial bloodbath on Sept. 20--an expected Q2 huge revenue shortfall and a $995 million net operating loss--will the skeletal smartphone company have enough flesh on the bones to survive?
As Microsoft (MSFT) buys Nokia's cellphone business for $7 billion, it could further pressure BlackBerry (BBRY) to find a buyer amid growing competition from Windows Phone 8 and Nokia Lumia smartphones.
Larry Ellison has stepped down as Oracle's CEO. While Ellison didn't give any specific reasons for the move, we can only assume it's to spend more time with the girls in hula skirts on his Hawaiian island. Hell, isn't that what you'd do if you had his money.
If there were any doubts as to Oracle CEO Larry Ellison's attitude toward Google, those were dispelled in his testimony on Tuesday morning in a San Francisco U.S. District Court courtroom. Oracle has filed suit against Google, alleging that that its Android mobile operating system infringed on patents that Oracle acquired in 2009, when it bought Sun Microsystems.