What we are witnessing today at Oracle is a direct result of nearly a decade of tenure for MH in his leadership role. LE has been out of touch with his company as he gave full trust and control to MH and SC. Both of them focused on financial numbers at the expense of technical innovation.
TK was so frustrated with the lack of investment in cloud infrastructure combined with the refusal to run Oracle software in other clouds that he left the the company and joined google.
Oracle in playing a game that cannot be won.
Worse Oracle has been buying back its own stock at a rate that has left it highly leveraged. It borrowed money to buy its own stock rather than invest in necessary R&D to stay competitive in the technical industry.
The leadership is completely out of touch and stunned by the shrinking revenue numbers. Oracle has lost technical talent, even laid off technical talent in one of the hottest tech markets in decades.
They can not teplace the talent they squandered and are unable to pivot for survival. They will not succeed. Thank you MH for showing the world what a short sighted cost cutting strategy does to a tech company in the long run.
Oracle is slated to fall faster than anyone expects. The sentiment for Oracle has never been worse. Customers are scrambling to get off Oracle technology. The entire tech market is supporting Google in the supreme court lawsuit. The government is investigating multiple employment discrimination claims.
This is MH's legacy. Thank you for showing us that people do matter. Customers matter, experienced employees matter, sales people matter and most of all quality products matter.