Ellison Strikes Bullish Tone at Shareholder Meeting

Chris Kanaracus, IDG News Service Seemingly unfazed by the ongoing meltdown in global financial markets, Oracle CEO Larry Ellison said Friday his company will likely emerge unscathed, and in fact may "come out of this downturn stronger than we ever have before." Speaking during Oracle's annual shareholder meeting, Ellison listed a number of rationales for his confidence. First, the weak economy could actually help Oracle grow, since acquisitions -- of which the company has made many in recent years -- could be cheaper, Ellison said. He also spun Oracle's fallen stock price as a positive. "We don't like our stock being down, but we're buyers of our stock at these prices. We'll look at that as an opportunity." Ellison also downplayed the importance of new license growth, which is often cited as a key indicator of a software... [read full story]                    

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