Oracle Expects Profit from Sun Sooner Rather Than Later
Ellison Reaffirms His Belief in Sun’s Rapid Profitability
After accepting keys to the city of San Francisco in tribute to him and his racing team BMW Oracle for winning the 33rd America’s cup match this February, Oracle CEO Larry Ellison said he expects Sun’s formerly unprofitable operations to become profitable “right away” as part of Oracle. Following the Feb. 20th celebration, Ellison basically reiterated what he said during the Jan. 27 Oracle + Sun Strategy teleconference: “And how soon will [Sun’s profitability] occur? How long do investors have to wait? Not at all; not at all. We’ll be profitable this - in February. We’ll be profitable in March. We’ll be profitable in April - and when I say ‘we’: the Sun business. We’ll be profitable in May.”
Tags: business plan, investors, Larry Ellison