By annie shum | June 24, 2009
WSJ June 23, 2009 http://online.wsj.com/article/SB124580329161844787.html?mod=googlenews_wsj
Oracle Corp. Chief Executive Larry Ellison appears to be rethinking “cloud computing,” saying his company was creeping into the space just nine months after he mocked the business model. Many software companies are embracing cloud computing, a broad term for a shift towards paying for technology on a subscription basis, storing information on large servers and accessing the data via the Internet. But just last September, the outspoken Oracle CEO described the trend as “gibberish” and expressed skepticism as to whether companies could make a profit from cloud computing.
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