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Is this to say they acquire other companies for their customers?
by chrisabrams 10y ago
Is this to say they acquire other companies for their customers?
- salesguy222 10y agoyes i would say that is correct. oracle (we) make most of our money from the fortune 500, and specifically oracle database SUPPORT CONTRACTS from those companies since then we have not been too good at innovating, so we buy companies technology + customersfor the explicit purpose of soaking up as much of their existing revenue as we can, to pad the falling sales of our databases, hw etc then, inevitably, after we have abused our relationship with those customers and the sales reps on those accounts, we... buy more companies and start the process all over again (see netsuite), rather than fixing the abuse (see hyperion, peoplesoft, jdedwards)