Oracle Spending $5 Billion to Simplify the I.T. Experience

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http://www.thevarguy.com – Oracle Group VP of Product Marketing Bob Shimp told roughly 100 industry analysts today that Oracle is determined to simplify the IT experience for customers, while unleashing the power of extreme innovation. To do so, Shimp said Oracle is spending $5 billion on its annual R&D efforts. Shimp used some familiar themes when he kicked off the Oracle Industry Analyst World today in Redwood Shores, Calif. While Oracle (NASDAQ: ORCL) has spent billions of dollars acquiring companies, Shimp noted that Oracle has invested $19 billion on R&D since 2004, with a $5 billion R&D budget in place (IT news)