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Oracle sees little chance of generating substantial revenue from cloud computing, CEO Larry Ellison said last week.
Echoing comments he made at a recent analyst event, Ellison disdained the concept as a fad . "I think it's ludicrous that cloud computing is going to take over the world. ... But they (industry observers) get very excited about it, and it's this big echo chamber," he said.
It is too difficult to make money selling cloud computing services, which is why Oracle decided to use Amazon's Simple Storage Service for Oracle's recently announced database backup offering, Ellison said.
By Chris Kanaracus, IDG News Service
Oracle sees little chance of generating substantial revenue from cloud computing, CEO Larry Ellison said last week.
Echoing comments he made at a recent analyst event, Ellison disdained the concept as a fad . "I think it's ludicrous that cloud computing is going to take over the world. ... But they (industry observers) get very excited about it, and it's this big echo chamber," he said.
It is too difficult to make money selling cloud computing services, which is why Oracle decided to use Amazon's Simple Storage Service for Oracle's recently announced database backup offering, Ellison said.
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