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Oracle Co-CEO Hurd On Tech Stocks, Trade Wars And The $10B Pentagon Cloud Contract

Oracle co-CEO Mark Hurd also discussed his company's acquisition strategy and the benefits of cash repatriation.

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Hurd's Words

Oracle co-CEO Mark Hurd shared his thoughts Monday on the inscrutable valuation of tech stocks, consolidation in the Software-as-a-Service industry, Oracle's acquisition strategy, the benefits of cash repatriation, and the potential for a trade war brought on by the current U.S. administration.

Hurd fielded questions from journalists on those topics at a media event at Oracle's Redwood Shores, Calif. headquarters after Oracle announced it would make its premium Platinum-grade support service a standard offering for enterprises using its SaaS products.

He also discussed, though somewhat cryptically, what he hopes to see in the bidding process for the Pentagon's $10 billion cloud transformation project.

The award of that looming contract, part of the U.S. military's JEDI initiative, has ignited a firestorm of controversy in the industry, with Oracle and other tech giants, including IBM and Microsoft, voicing concerns that draft RFPs look tilted toward Amazon Web Services.

 
 
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