Apps & Software

Oracle Enters Hardware Market In Time For Slowdown (ORCL, HPQ)

There have been more press releases out of the Oracle OpenWorld conference in San Francisco this week than you can count.  But one from Oracle Corp. (NASDAQ: ORCL) is perhaps the most interesting.  It isn’t virtualization, it is isn’t on operating systems, it isn’t on collaboration, and it isn’t on acquisitions.  Oracle has partnered with Hewlett-Packard (NYSE: HPQ) for its debut into the hardware sector.

Oracle isn’t going to be selling PC’s in Best Buy any time soon, but itis introducing the HP Oracle Database Machine for enterprises.  The company aims tomake performance ramp tenfold over existing Oracle data warehouses.This will consist of a grid of Oracle database servers and a grid ofnew HP Oracle Exadata Storage Servers packaged in a single rack orderedas a complete system from Oracle. You can read more about the details here at Oracle’s site.

This may seem like a game-changing event, but if you look at itsprogress this seems more like the natural progression of thecompany and the industry.  Unfortunately, Oracle is doing this at the time when companies are experiencing severe businessinterruptions and are cutting back or slowing down on some of theenterprise plans into 2009.

Jon C. Ogg
September 25, 2008

The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.

But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

1 https://www.fdic.gov/national-rates-and-rate-caps

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.