Oracle Introduces Its Biggest Cloud Bet Yet
The following video is part of our "Motley Fool Conversations" series, in which technology and media editor/analyst Andrew Tonner discusses topics across the investing world. While certainly a gradual change, the tide is turning in the corporate data space. Long dominated by the likes of Oracle and IBM, the cloud computing revolution has benefited businesses and unlocked new opportunities for recent entrants. And despite the shifting seas, powerhouse Oracle doesn't plan on going down without a fight, and it proved it this week. Oracle recently announced it will launch its Oracle Public Cloud, which will feature many of the same applications its software offerings provide. Several companies have already gained significant presence in this burgeoning market. Does Oracle have what it takes to hash it out and to maintain its spot atop this billion dollar industry. Watch to find out.
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At the time this article was published Andrew Tonnerhas no positions in the stocks mentioned above. The Motley Fool owns shares of Oracle and has the following options: short JAN 2013 $150.00 calls on salesforce.com and long JAN 2013 $150.00 puts on salesforce.com.Motley Fool newsletter services recommendsalesforce.com. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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