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Technology Stocks : Oracle Corporation (ORCL)

ORCL 262.61

+2.2%

3:59 PM EDT

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From: Glenn Petersen	2/10/2012 9:54:08 PM
	1 Recommendation of 19079

Workday and Salesforce are the two companies that have suddenly knocked Oracle on the defensive, because they are finally– FINALLY– proving that enterprises will rip out stodgy old Siebel and PeopleSoft systems and implement new cloud-based solutions. Oracle is in a catch-22: It wants to push its new Fusion upgrade that has long promised to stitch all this stuff its bought together, but it’s not an easy upgrade. And if companies are going to look at putting in a new system, they’re going to look at Salesforce for the front end and Workday for the back end. That’s an opening Oracle doesn’t want to give them, but at some point, the world will need new software. For a long time Ellison has controlled all the pieces on the board in one way or another. In addition to Oracle’s dominance and spending spree, Ellison himself invested in companies like Salesforce and Netsuite. But the beauty of the Workday story is that while it’s Oracle’s money funding it– thanks to that PeopleSoft takeover– there is no way Ellison or Oracle benefits from its ascendancy. Message 27942167

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