Ellison: Oracle Won't Be Seventh in Services
Many big tech hardware makers are expanding into services. Hewlett-Packard (HPQ) last year bought Electronic Data Systems; Dell (DELL) agreed last month to buy Perot Systems; and Xerox (XRX) cut a deal for Affiliated Computer Services (ACS), also last month.
Software giant Oracle (ORCL), however, is expanding into hardware, and has no interest in buying a services company, said Chief Executive Larry Ellison at an event for financial analysts on Thursday.
“We are really brilliant or we’re idiots,” Ellison said of his company’s $7.4 billion acquisition of Sun Microsystems (JAVA), a deal that is currently being held up by European antitrust regulators.