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Oracle's Ellison Skewers Latest Tech Trends

Stock quotes in this article: ORCL , VMW , CRM , MSFT , JAVA , GOOG , AAPL , RIMM  

SAN FRANCISCO - Oracle(ORCL Quote) CEO Larry Ellison doesn't think the future is bright for VMware(VMW Quote), the Android phone and cloud computing.

Before a roomful of financial analysts here, the colorful chief executive on Thursday skewered the tech industry's love of hype. "The worst thing they can say about you in Silicon Valley is 'you just don't get it,' " Ellison said when asked about the industry's latest buzz-words -- cloud computing.

Ellison said Oracle will not invest in cloud computing centers, which he characterized as the latest fashion trend that, like on-demand software, lacks a profitable economic model. "Who's making money at cloud computing?"

As for on-demand software competitor Salesforce.com(CRM Quote) it "barely makes money at all," he said. ...

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