Software

Oracle's Ellison Skewers Latest Tech Trends

 

VMware asserts that basic virtualization software should be independent of the operating system. Noting that VMware's dominance is also threatened by software from Oracle and Sun Microsystems(JAVA), Ellison estimated VMware's market cap should be worth only a fraction of what it was at the stock's height a year ago, when it surpassed $40 billion.

Not saving his barbs for competitors, Ellison also discounted the viability of Google's(GOOG) Android mobile operating system.

Noting that the software now powering Apple's(AAPL) iPhone went into development more than two decades ago, Ellison said the Android OS won't compare to the iPhone or Research in Motion's(RIMM) BlackBerry.

"RIM has a huge constituency and a great product. The iPhone is fabulously successful," Ellison said. While acknowledging that Google is great at search, he added, "Android is like Microsoft's old model -- selling telephone software to the telephone company."

Observing that the Android had been in development for just a few years, Ellison said Google will have "a difficult road" to make it a successful product. The Android "is too much hype. I don't think the mobile market is hype. The mobile phone is the next computer platform, and Apple's is doing extremely well. That's not hype at all."

>To order reprints of this article, click here: Reprints

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet