Oracle Launches Into Hardware At Open World
by
mark selfe
on
24 September 2008, 19:02
Categories:
Hardware
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International
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Internet
Topics:
hp
,
oracle
,
San Francisco
,
Hewlett-Packard
,
Larry Ellison
,
Moscone Center
,
paulson
,
Open World
,
Bernanke
Oracle CEO, Larry Ellison, in front of a packed auditorium at San Francisco's Moscone Center declared that Oracle, the world's largest seller of database software, was for the first time going to enter the computer hardware industry.
The new machines which are to be manufactured and maintained by one of the Valley's other stalwarts, Hewlett-Packard, will enable large corporations the ability to access and manage data at much greater speeds. No word, as yet from the 64-year old, on when these new machines will be on the market.
Oracle's stock closed up slightly at $19.95 on a relatively quiet day on Wall Street, but the share went down $0.15 in after-hours trading. HP was down $0.10 and closed at $46.78 as investors seem to be waiting on the sidelines as lawmakers still mull over the Paulson-Bernanke bail-out plan.