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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject4/1/2003 7:18:29 PM
From: Teri Garner  Read Replies (2) of 436258
 
Oracle's Ellison: 1,000 Tech Firms Should Go Bankrupt

Tuesday April 1, 3:45 pm ET

By Peter Loftus, Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Just call Larry Ellison (News) the dark oracle of Silicon Valley.

Ellison, the founder and chief executive of software giant Oracle Corp. , says the high-technology industry must undergo a sweeping consolidation that will spell the end for many of his rivals.

"We think there's at least 1,000 Silicon Valley companies that need to go bankrupt," Ellison said during a meeting here Tuesday with reporters and editors from The Wall Street Journal and Dow Jones Newswires.

biz.yahoo.com
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