Oracle Corporation (NYSE:ORCL) recently held its Oracle OpenWorld conference day for financial analysts, and Cantor Fitzgerald’s Brian White was there to take it all in. At the conference Oracle CEO Larry Ellison spoke about the future of technology and what his company will do to take advantage of the trends they see coming.
During the course of the meeting the Oracle Corporation (NYSE:ORCL) spoke about the data center industry, the internet of things, and the place of Oracle in the network industry. the Cantor Fitzgerald analyst seemed impressed by the ideas shared at the meeting and rates almost all of the companies in the industry a buy.
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Oracle and the internet of things
“Larry Ellison was at his best during the meeting, and we believe his views have broad implications for the tech world,” wrote Mr. White in his report. The Oracle Corporation (NYSE:ORCL) spoke about the “internet of things” at the meeting. It’s an interesting topic, though it is more of a concept right now than a reality.
The internet of things is the use of smaller less powerful and more specialized internet devices in order to perform different tasks. For Oracle Corporation (NYSE:ORCL) is means a great deal more demand for data center services and other IT and network business. As the internet becomes more and more penetrative Oracle should see more and more business.
Larry Ellison makes use of the internet of thing on his own island home. He is testing the way the devices interact with each other and what kind of ends they can achieve. Experiments like this are supposed to eventually result in the creation of a full blown internet of things, or that’s the dream at Oracle Corporation (NYSE:ORCL) at least.
Oracle moves forward, and sideways
Oracle Corporation (NYSE:ORCL) believes that there is a huge amount of consolidation and diversification in the data center and IT services industries in the years ahead, and Oracle will not be an exception. The company is a “cloud consolidator” according to Ellison. It plans to buy up smaller data center businesses in order to expand its own offerings.
Oracle Corporation (NYSE:ORCL) is also getting into the networking business in a big way. The company is planning on becoming one of the biggest players in that world, despite being an IT company at heart.