Ellison warns of technology 'killing fields'

Oracle, not surprisingly, will be spared...
Written by Kate Hanaghan, Contributor

Oracle, not surprisingly, will be spared...

Oracle's outspoken CEO, Larry Ellison has warned that his company's growth will come at the expense of smaller rivals. He claims the future technology market will resemble the "killing fields" - littered with fallen small companies - as customers focus their IT spend on big names including Oracle and Microsoft. Oracle itself is still suffering heavily at the hands of the downturn. Its latest round of financial results, out last week showed a 23 per cent decline in profits. However, Ellison argued at the company's annual conference, held this year in Copenhagen, that the death of rivals will enable his company to grow despite the difficult times.
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