Is Oracle Looking To Acquire NetApp?
Oracle CEO Larry Ellison at an analyst meeting on Thursday said that 60 percent of NetApp's business comes from storing Oracle database data, and implied without really saying it, that Oracle might want that business.
Actually, according to the Wall Street Journal, what he said is that about 60 percent of NetApp's business is "storing Oracle databases", and that, "We'd love to have that 60%."
According to Tim Klasell, an analyst with Stifel Nicolaus Equity Research, Ellison said, "We [Oracle] love that business. We would love to have that 60%. Do we [Oracle] need to acquire? I [Ellison] think there are some interesting technologies we'd like to acquire...I think it is possible."