Suite of new products, Part II
"We are in two businesses: low-cost computing and high-value
business applications," said White. "We moved from a vendor of
databases to a solution provider. We made the changes when we
were flying high."
Oracle executives pushed the network computing theme as the
company unveiled a series of products that will enable
corporations to move from the client/server model to the network.
Among the products unveiled Wednesday, Oracle launched its
Application Server 4.0, Internet Commerce Server 1.1, Payment
Server 1.0, and Lite 3.0, which will be a Java-enabled database.
Oracle said it is hoping the new products will jump-start revenue
growth, but success depends on the speed existing customers
move toward network computing and how many new clients are
attracted.
"The new products make our applications more competitive, and
that adds to revenue," said Ron Wohl, senior vice president of
applications development. It will have a positive impact, but how
much is hard to predict."
Oracle [ORCL] closed up 1/2 to 23 7/16 in heavy trading
Wednesday. |
