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Larry Ellison: Oracle doing good business in Israel, will continue to invest

In spite of anticipated cutbacks, Ellison continues to be on the lookout for exciting new technologies

"I have no intentions of stopping my investments in Israel. On the contrary. I have invested there in the past and will continue to do so, especially if I come across fascinating new technologies, like I have in the past," Larry Ellison, CEO of Oracle (Nasdaq:ORCL) told Ma'ariv.

Ellison said that although Oracle, like many of its hi-tech brethren, is facing cutbacks, it has no intentions of staying away from new investments, including in Israel.

He added the company expects particularly rapid growth in the Chinese market, which Ellison calls "the company's opportunity with a capital O."

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