View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 28, 1998

ELLISON – ‘FUTURE’S SO BRIGHT’ FOR ORACLE

By CBR Staff Writer

Chief executive of recently troubled database giant Oracle Corp, Larry Ellison has been trying to boost his company’s fortunes at this week’s NationsBanc Montgomery Securities Conference in San Francisco, bullishly predicting third quarter (ending February 28) database sales will grow 25% year on year, instead of the feeble 3% in the period just reported. To be safe, Ellison jokingly adds that the forecast has a margin for error of plus or minus 50%. Rather bizarrely, given his endless highly confident musings on the subject, the world’s second best known software billionaire partly attributed the slump on his company’s inability to deliver on the promise of network computing (!). We thought we would be there nine months ago, quoth the Ellster, [but] we’re there now, he adds. A more believable reason is that the company has finally started shipping software development tools for use with Oracle8. Ellison further derides the idea that the database market is saturated as bizarre. That 25%, incidentally, would still be below the 30-40% the company has enjoyed the past few quarters. Ellison also foresees a return to 50% growth in its financial and manufacturing software lines.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU