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Ellison wants to spend

by on13 October 2008

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Oracle CEO
Larry Ellison said he is ignoring the stock crash and is going to continue to buy more companies.

Ellison said during a question-and-answer session at Oracle's annual shareholders meeting that Oracle is better positioned than its peers, the other software companies, to do well in tough times.

The company has made more than 50 acquisitions in the last 45 months. Despite the massive stock sell-off in the last few weeks, Ellison said Oracle will try to take advantage of the drop in equity prices to pick up acquisitions on the cheap.

He pointed out that when times are tough, acquisitions cost less.  He is also convinced that even if the stock market goes pear shaped Oracle will remain profitable.

Ellison said that Oracle had been through this once before when the tech bubble burst. While this was quite different, this management is experienced and Oracle will emerge from the downturn stronger than before, compared with its rivals.

More here.
Last modified on 14 October 2008
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