Death. Taxes. Oracle's Larry Ellison buying another company.
Want to read a list of all the companies Oracle has purchased since it first launched a hostile offer for PeopleSoft back in 2003? It might take you longer to get through than the Super Bowl lasted.
Ellison has gone on a shopping spree over the past decade, transforming Oracle from a stodgy database software company to one that can offer large corporate customers nearly everything it needs from a tech standpoint, be that hardware, services and all types of enterprise software imaginable.
Shares of Oracle fell about 2% Monday on the news while Acme (not to be confused with the company Wile E. Coyote foolishly ordered all his products from despite never having any success catching the Roadrunner with them) surged more than 22%.
But even though Oracle fell on Monday, many traders on StockTwits still think Ellison is pulling a Tom Cruise from that early 1980s football flick and is making all the right moves. (Speaking of Cruise, what's up with the Scientology ad airing during halftime of the Super Bowl?)
Oracle has proven to be quite adept with all its purchases. It's a testament to Ellison as well as his top two lieutenants: Safra Catz and former Hewlett-Packard (HPQ) CEO Mark Hurd. Oracle has avoided the traps that have snared fellow big techs like HP, Cisco (CSCO) and Microsoft (MSFT) following one too many acquisitions.
Still, one trader was surprised by the Acme deal and asked if other networking equipment firms could get bought next.
But a fellow member of the Fourth Estate is wondering if Ellison can continue his quest for enterprise tech domination or if he's done one too many deals.
Ha! Kneel before Larry?
Salesforce.com (CRM) bulls should be singing the following refrain today. "Hey. Hey! You. You! Get onto my cloud." (Still bummed that I didn't get Rolling Stones tickets for their upcoming show at the new Barclays Center in Brooklyn.)
The cloud computing giant reported earnings and sales on Tuesday that topped analysts' forecasts. Salesforce's stock shot up 8% on the news Wednesday, making the company the best performer in the S&P 500 MOREPaul R. La Monica - Nov 21, 2012 12:30 PM ET
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