Wednesday, January 27, 2010

Oracle's Ellison Sets New Course - WSJ.com

It’s going to be an interesting day, with Oracle unveiling its detailed plans for Sun, Apple unveiling its tablet, and the State of the Union address…

With the acquisition, Mr. Ellison, who built his fortune selling computer software and shunning hardware, says Oracle's mission will change significantly. He said he plans to transform Oracle into a company that is as serious about server systems—the big back-office computers used for processing corporate data—as it is about business software.

Mr. Ellison said his planned 2,000 new hires will outnumber the cuts Oracle is making in Sun's head count, which stood at 27,596 as of Sept. 30. Oracle, which had 83,366 employees at the end of November, was widely expected to slash Sun's work force.

Oracle's Ellison Sets New Course - WSJ.com

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