Larry Ellison, who spent $50 billion more or less on acquisitions in the last 10 years, is swearing off making any big acquisitions to add to Oracle for a couple of years to focus instead on growing the company organically in an attempt to dominate the cloud, a technology he used to call “complete gibberish” and a “fad.”
Of course Larry can resist anything but temptation and didn’t rule out a big deal “down the road,” when he spoke to CNBC’s Maria Bartiromo in his first interview in years. But he’s especially not going to buy NetApp, the storage concern rumored to be a target. It would cost a lot of money and doesn’t fit Oracle’s current strategy.
“We have all the assets in-house to grow very rapidly on an organic basis,” he said.