Larry Ellison is an opportunistic!
The God of the software industry, Larry Ellison has just made a bizarre statement:
"So while we think it’s an interesting market — the small market — because it’s large, we just haven’t figured out a way to make a substantial profit in that market. We think it’s hard to make money. Our strategy: add more value, go upstream, sell industry-specific software to our existing customers, and we’ll watch and see how SAP does going after small companies. Especially with in Software as a Service which we think is very interesting, but so far no one has figured out how to make any money at it."
Now, Larry must know, right? Wrong! Larry in my opinion is just preparing the stage for a hostile takeover of Salesforce.com
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Larry owns Netsuite which is generating 100million per year and growing by almost 70% year over year. Many other vendors such as RightNow and Salesboom.com are winning customers and generating new revenues daily, and the funny part is they are making more money at it than Oracle!
Larry Ellison knows that software-as-a-service is the next money making model he must embrace, and putting it down maybe is his way of reducing the value of Salesforce.com?
March, 2007
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