Big layoff about to happen...
Time for the triple
Ok, today’s double with MC and PM was a good start, next up the Tripple with LE, SC and MH. Couldn’t happen to nicer people, can’t wait
Amazon and Salesforce will never depart from Oracle DB
No other DB is as scalable, fault tolerant, nor self-healing like Oracle is. It's all simply bluster from Amazon regardless to how it sounds. Now a real question for customers who actually are considering it and taking active steps to move: is moving... — read more
investor awakening continues...."seekingalpha.com > Let Me Tell You Who Is Moving Off Of Oracle.."
https://seekingalpha.com/article/4200657-let-tell-moving-oracle ================== Conclusion It is fairly clear to me and most other market participants that Oracle has been bluffing about its strength in cloud. Management's credibility experienced... — read more
How fast can Oracle fall? Analysts and customers are dropping Oracle at an alarming rate
A whole slew of market analysts are dropping oracle like a hot steaming hurd. The word is out on the street and Oracle's cloud bluff has been called. MH has been at the helm for 8 years and has done irreparable damage internally to the sales... — read more
Interesting read
https://seekingalpha.com/amp/article/4200657-let-tell-moving-oracle
A simple question
How are we supposed to function with majority of our key engineers either out or on their way out?
Unofficial official layoff report 8/19/2018
No major layoffs reported this past week. Total since 6/1/2016 remains 19,850. No good news from oracle on any front, keep looking for those jobs while the job market is hot. Good luck all!
Oracle CEO MH committed fraud publicly on 2018 Q4 earnings call and on CNBC
MH has a unique talent, he has raised the art of bending truth to a new level. In the Q4 2018 report I think he went too far, I'd say he used his silver tongue to the point he knowingly committed fraud to deceive investors. I cut out his direct... — read more
1 yr stock performance comparison
Oracle -1% MSFT +48% SFDC +61% AMZN +97% What are LE, MH, and SC getting paid for exactly? Maybe the BoD could explain
investors..Be afraid-- CEOs like MH,LE,SC could last a loong time..!
..Trump asks SEC to consider ending required quarterly reports... President Donald Trump is calling on federal regulators to consider sc-apping the requirement for public companies to report quarterly results, after business executives told him... — read more
Of all the challenges I face as a CEO, none is more critical than attracting and retaining talented people.
Wow. This guy MH talks a good talk. Perhaps the reason MH has trouble finding talented people is because the laid them off, after cutting pay benefits and bonus during good earnings and a good economy. Why, other than the obvious, is he having... — read more
I love working at Oracle
I've been here for a year now and totally love the company. I've been fortunate to make great career progression in this time and that is driven by the clear direction the Executive staff at the company have executed as a strategy. Oracle is totally... — read more
equity analysts missing the boat
Here an example - https://finance.yahoo.com/news/oracle-orcl-keep-earnings-surprise-141002489.html
..You’re Running Out of Good Reasons to Own Oracle Stock
https://finance.yahoo.com/news/running-good-reasons-own-oracle-155824866.html ============================================= -----The Bottom Line on Oracle Stock------- The Oracle story is a tragic one, but it’s a choice management made with its eyes... — read more
Where are the tapes?
Ok, so who has tapes of execs requesting/ explaining how to do cloud fraud. Post links here.. Lordy, I hope there are tapes!
Oracle losing market share = more layoffs
MH strategy has been to hire college kids to replace seasoned professionals. This occurred in the good times when Oracle held the dominant place in the data market. Now it looks as if we have a real contender to take the dominant spot. NoSQL is... — read more
Uh oh. In the flagship?
https://www.theregister.co.uk/AMP/2018/08/14/oracle_database_flaw/
Counting hardware sales as cloud revenue
Oracle has for the past few years counted any on premise hardware (Sun, Exa) that was financed as cloud. Using terms such as RTU, right to use, they convince themselves that since a lease is like a subscription and a subscription is like a cloud then... — read more
growing list of Law Suits..against ORCL
Just a few example --- https://finance.yahoo.com/quote/ORCL?p=ORCL ===================================== RM LAW Announces Class Action Lawsuit Against Oracle Corporation Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed... — read more
So many job openings
With so many layoffs, why are there so many job openings at Oracle? What's the point? Can people who have been laid off apply for any of them?
Comp clawback!
The 3 stooges should be forced to return the hundreds of millions they got in incentive and other compensation for committing Cloud fraud
Lawsuit link
Https://regmedia.co.uk/2018/08/10/oracle_firefighters_fund_complaint.pdf
Examples of corrupt sales ethics. Go!
Without naming your customers (unless you are gone and don’t care), what are some of the crazy unethical practices you have seen at Oracle? Let’s help those Firefighters pension funds who are suing Oracle.
Bernstein Litowitz Berger & Grossmann LLP Announces Securities Class Action Suit Filed Against Oracle Corporation And Certain Of Its Executives
https://finance.yahoo.com/news/bernstein-litowitz-berger-grossmann-llp-205500530.html =========================================== NEW YORK, Aug. 10, 2018 /PRNewswire/ -- Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") today announced that it... — read more
EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit against Oracle Corporation – ORCL
https://finance.yahoo.com/news/equity-alert-rosen-law-firm-223400469.html ========================================= .... According to the lawsuit, throughout the Class Period defendants issued false and misleading statements regarding Oracle’s cloud... — read more
IMPORTANT INVESTOR NOTICE: The Law Firm Announces the Filing of a Class Action Lawsuit Against Oracle Corporation
https://finance.yahoo.com/news/important-investor-notice-schall-law-183000761.html ========================================================= IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Oracle... — read more
How to explain being laid off/fired in job interview
Good read for those trying to figure out how deal with the fact they were laid off or even fired during their next job interview. At least I found it interesting... — read more
** partial Article== An Oracle insider explains.....
Are you an insider at an enterprise tech company with insight to share? We want to hear it! jbort@businessinsider.com or @Julie188. ================================================================================= In August, 2017, Oracle's massive... — read more
An Oracle insider explains how some salespeople gamed the system to sell more cloud..
https://www.businessinsider.com/insider-reveals-how-some-oracle-salespeople-were-really-selling-cloud-2018-8 ====================== In August, 2017, Oracle's massive salesforce received an email from Rich Geraffo, Oracle's executive vice president... — read more
Unofficial official layoff report 8/12/2108
No major layoffs reported this past week. Total since 6/1/2016 remains at 19,850. Things are getting interesting but don’t let that distract you from looking for jobs elsewhere, things are only going to get worse at oracle.
Businessinsider cloud fraud story
Excellent story but it gets one thing fundamentally wrong - it wasn’t sales people manipulating things, it was oracle top management which desperately wanted to produce cloud revenues. Is this oracle already trying to shift blame?! Check it out:... — read more
Oracle Cloud is noise
from another thread: "this is for example a couple of the latest report on real cloud share ww: https://www.channele2e.com/channel-partners/csps/cloud-market-share-2018-aws-microsoft-google/... — read more
Oracle Accused of Defrauding Investors on Cloud Sales Growth..
==== https://www.bloomberg.com/news/articles/2018-08-10/oracle-accused-of-defrauding-investors-on-cloud-sales-growth ===== ...The suit claimed that Oracle’s executives lied in forward-looking statements, which are never guaranteed, during earnings... — read more
Oopsie?
https://www.bloomberg.com/amp/news/articles/2018-08-10/oracle-accused-of-defrauding-investors-on-cloud-sales-growth
Employee Success or lack thereof... future layoff coming??
The culture and morale in the CSM Hubs is at an all point low! They preach employee success but have yet to see them actually commit and deliver. Rumors are wild on every campus (TX,MA,Canada). What's the real story here? Do we have jobs? Are jobs... — read more
Amazon Gains Competitive Edge in Cloud With Aurora Serverless
Amazon Gains Competitive Edge in Cloud With Aurora Serverless https://finance.yahoo.com/news/amazon-gains-competitive-edge-cloud-140902871.html
Industry declares Oracle cloud all but dead - KB Offers advice
Oracle’s database service offerings could be its last best hope for cloud success. https://techcrunch.com/2018/08/08/oracles-database-service-offerings-could-be-its-last-best-hope-for-cloud-success/ Yesterday Oracle announced a new online transaction... — read more
Start Up Cloud Accelerators Life Span
The Oracle Startup Cloud Accelerator program was marched out as Oracle's way of reaching new innovators and the younger hipper crowd as a market to sell cloud services and platforms, but from what I hear the ROI on this is not good as startups are... — read more
KB v MH
What a total boneheaded LE is to have fired KB and kept MH! KB totally kicking a-- at SFDC, oracle sinking to the bottom of the ocean. Stupid is as stupid does!