Larry Ellison, CEO of Oracle Corp., has joined the heads of both Apple Inc. and Google Inc. in accepting a $1 per year salary for fiscal 2010. In fiscal 2009 he was paid $1 million. Ellison, who founded the company in 1977, has ownership of 23.4 percent of Oracle’s outstanding shares, as of July, which are collectively worth $25 billion.
Oracle (NYSE: ORCL) is in discussions to acquire Cerner (Nasdaq: CERN) in a transaction that could be valued at approximately $30 billion, The Wall Street Journal reported Thursday. WSJ cited sources that say both parties could reach an agreement soon. The potential acquisition could help Oracle, which has a market value of more than $280
Deloitte has entered into a deal to acquire BIAS, an information technology consultancy that helps public and private sector customers adopt Oracle (NYSE: ORCL) Cloud Infrastructure. Deloitte said Thursday that terms of the deal are confidential and the company pursued the transaction to complement its portfolio of Oracle cloud migration service offerings. The transaction is
The Department of Defense has asked Amazon (Nasdaq: AMZN), Google, Microsoft (Nasdaq: MSFT) and Oracle (NYSE: ORCL) to compete for the Joint Warfighting Cloud Capability contract, The Wall Street Journal reported Friday. “Our commitment to supporting our nation’s military and ensuring that our warfighters and defense partners have access to the best technology for the