Friday, June 24, 2011

Larry Ellison: Yes I Have $29 Billion, And I Still Won't Buy Your Comp - Arik Hesseldahl - News - AllThingsD

Zen and the art of price negotiation via public channels

Over the years, Oracle has often grown by acquisitions, but that works only when the valuations of target companies are attractive. Right now they’re too high, Ellison says. President and CFO Safra Catz put it much more simply at the end of the audio clip below: Valuations are, right now, “quite ridiculous.” Meanwhile, as today’s earnings results show, Oracle is growing just fine organically without making any big deals for now, he says.

Still, that didn’t stop Oracle from acquiring privately held Web software player Fatwire just yesterday.

Larry Ellison: Yes I Have $29 Billion, And I Still Won't Buy Your Comp - Arik Hesseldahl - News - AllThingsD

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