After weeks of sometimes comical coverage on the whereabouts of new HP CEO Leo Apotheker — a farce that had come to be know as “Where’s Leo?” — the company was likely happy that the subject was almost ignored in the aftermath of its earnings report on Monday. Almost.
It may have been the most anticipated tech earnings conference call of the year.
It’s a good bet many many folks in Silicon Valley, and tech investors in general, were dialed in to Oracle’s presentation on Thursday, eager to hear the first public utterances of new president Mark Hurd, the recently exiled CEO of technology giant Hewlett-Packard.
Having spent more than $42 billion to buy about 60 companies, Larry Ellison’s Oracle has set something of a daunting standard for merger activity in the business software industry. So while SAP’s plan to buy smaller business software maker Sybase for $5.8 billion may not roil markets, it could certainly shake up things in an already busy infotech sector.
Silicon Valley billionaire Larry Ellison shed a little sunshine on “cloud computing” on Thursday at a financial analyst meeting held by Oracle Corp, the software company that he founded and runs (when he’s not making into the headlines for his more nautical pursuits).