Friday, July 29, 2005
Oracle's Shopping Spree Isn't Over
Oracle's Shopping Spree Isn't Over: "
Larry Ellison is at it again. After spending approximately $800 million to gain a foothold in the retailing software market, the chief executive of Oracle (ORCL ) is now turning his attention to financial services. The Silicon Valley software giant is in talks to buy Citicorp's (C ) 43% stake in i-flex Solutions of India, sources familiar with the discussions confirm."
Larry Ellison is at it again. After spending approximately $800 million to gain a foothold in the retailing software market, the chief executive of Oracle (ORCL ) is now turning his attention to financial services. The Silicon Valley software giant is in talks to buy Citicorp's (C ) 43% stake in i-flex Solutions of India, sources familiar with the discussions confirm."
