Tech and Web NEWS
Sun Microsystems and Oracle marry: SAP sees no threat
By Amarendra Bhushan for CEOWORLD Magazine Updated:May 13, 2009
Get CEOWORLD Magazine digital monthly version. special- Top Capital Cities for a business Traveler, # Interview with Minister of Tourism of Greece. 1 Issues Subscription= $1 Only, 10 Issues Subscription= $5 Only. Grab your copy now!!!!
A senior SAP executive said Oracle’s $7.4-billion acquisition of Sun Microsystems is not a cause of concern for its main rival SAP. On the contrary, the deal between
the two Silicon Valley stalwarts was a bad move.
“With Sun’s takeover, Oracle has bought a dated technology, which may not be able to address some of the key technology requirements of today’s corporates, including virtualisation and cloud computing,” SAP president (APAC and Japan) Geraldine McBride told ET. “It is akin to buying 20th century technology to run 21st century systems,” she added.
SAP, an enterprise solutions major, believes that innovation is the key to success and Oracle has not been able to offer any breakthrough product in recent times, which has stagnated its growth prospects. “Customers demand innovation without disruption and SAP is keen on innovation. Over 31% of our staff is dedicated to research and development activities,” said Ms McBride. When contacted, an Oracle spokesperson declined to comment, economictimes reported.
Like this article! |
|
|
|
|
(No Ratings Yet)
Loading ...171,361 views
Comments
Grab a copy of CEOWORLD Magazine for $1 only!!!
