40 Burst results for "Oracle"
Fresh update on "oracle" discussed on Ron Paul Liberty Report
"The make is designed to prop up the stock market. And it's worked pro rather well but i. I predicted that is not going to continue a year from now. We're going to have a different attitude about what's happening. Yes i agree. Dr paul and you know not wanting the vaccine for yourself does not make you a bad person doesn't mean that you're against vaccines others wanna get it. Then go ahead knock yourself out vaccinate yourself as much as you want. But we have a very big busybody problem in america today People who can't stand others making their own choices and decisions for themselves. You're supposed to obey what they say. And we have so many battles everywhere and you the best we can do is keep these people and their Ideas of force at bay. you know. take the terrible paper straws. For example everybody hates. You know the. Us government is the biggest polluter on the planet with their wars. And we're supposed to ruin every drink with these paper straws but you know what we put up with you know. That's keeping them at the edges but government sticking you with a needle and invading your your most intimate your body your intimate private space. That's too far. And people have to stand up and defend themselves and their bodies and their children Because if if there's no resistance they're just going to steamroll forward and do it against your will and forcing everybody to do that. In our opinion is terribly wrong. I i happen to believe a lot. about the concerns they have about vaccines and how they may be long lasting and having something to do with monitoring's people's activity That doesn't mean that everything has been said Is it doesn't mean that they have finalize everything. But i think it's the kind of thing that we should just forget about when you think about how news is manipulated and controlled through social media. A house done in a political sense. You know the person that's going to be in charge so to speak and raking is For authoritative explanations if anybody in the country has questions about how the distribution of the vaccine is going. It's facebook they're they're gonna take care of that. Well that's that's nice reassurance because they love republicans and they love objectively and they like free market medicine as but they're going to be in charge of but afterwards when they have to monitor things who what percentage of the people have gotten sick and even the people are strongly pro. Vaccine recognizers is going to be a significant nombreux of a number of people who will have some side effects so google and oracle will be in charge of collecting that information it combination. Of course providing that You know to the government And it's some people resent the fact. When i say that i think of these companies has be an arm of the government you know from the very beginning and political I it it looks like they're they're not separate and there's some legislation being proposed. It's supposed to help curtail some of their power but it'll be remain. It remains to be seen because it certainly won't get done if biden is present it so But they are very very powerful but the the big thing..
ByteDance has been given another week to sell off TikTok's U.S. business
"They've been given one week to sell off the us business and avoid a ban Of course they were given one week back august forgiving. Another one week so The treasury department told Cnbc that cfius committee on foreign investment in the us had granted an extension to allow time to review a revised submission remember was oracle with some help from walmart. That was Trying to acquire tiktok from bytedance and then tiktok. We talked about this a couple of weeks ago. Said hello hello. Is anybody there what happened. Shall we still sell and then said oh yeah sell. Tiktok has no comment. I don't know what's going to happen. We're going to have a very interesting. The story from cnbc was published today four hours ago. So we're gonna have a very interesting week. I actually hope it happens on. Because that will be something to see. I i wanna i just wanna i can't. I can't imagine like again if you're if you're in a tiktok universe like my daughter She asked me how to game the system and her first her third video got one hundred and something thousand reviews stuff where she's getting fifty thousand likes views and things now kids at school coming up asking her for shannon like the power of tiktok with kids like you're not to play the game like it's your viral ramp is much quicker and you get more opportunities to get shots at the top with tax. What do you think we'll take just seems like they've been trying to work something out. Yeah interesting if they just said go ahead. Shut us down. Let's see what happens. That's what i'm saying. I'm i'm sure some kind of financial deals going to get put in place where somebody buys it or something happens but just shutting down to talk. I can't i. Can't i can't even imagine
Fresh update on "oracle" discussed on Financial Exchange with Barry Armstrong
"For 001. And this week in American history, which U S president became the first to travel to Europe while in office. You know the answer to that question. Text us at 63566 this week in American history, which U. S president became the first to travel to Europe while in office. And the eighth correct answer that we receive will be the winner of a $50 gas card again. The text numbers 63566. Should you care to participate in trivia today? Hey, Chuck last night I believe it was. We learned that sales force, in fact, is going to be acquiring slack for $27 billion. Seems like they're paying an awfully high price for this company. These air to companies that I'm very familiar with. I've used both of their platforms. Salesforce since 2012 slacks in 2014. On and You know what's interesting is like is a company that before it went public, I talked to people who I knew, and I said, Look, if there's one company that I want to own, it's it's slack because I just thought it was a great product. I thought it was a fantastic Pre I P o product. I think that the issue they've run into is with how their pricing model is set up. They have not been able to generate the kind of revenue that you would hope from a company that is as widely the point is they are, they will have their trailing 12 month revenue. Is only $750 million. Meaning if you do the math out and say, Okay, you know what? What is sales force actually paying here in terms of You know the price compared to Ah, you know the sales that they have Salesforce's paying 36 times. Revenue Great, which is insane. If they must know what you're a Ziff. They're going to be able to increase sales force revenue by layering in this slack product somehow. Well, I guess here's the question. So if we look at the business model that they're competing against, and the other platforms that are out there, they're going head to head with a platform called Microsoft teams. Microsoft teams is bundled into their office 3 60 suite at no cost. If you're competing against free, Yeah, and you don't have those other two like, I guess I'm just trying to figure out what's the path to them, generating additional monetization for slack, I think again. It's a great tool. I think it will eventually be even a profitable company like I think there's something there. But when you're competing against a tool that is free that integrates with all of the other stuff that Microsoft software does. It's tough for me to look at this and be like, yeah, they're gonna make a boatload of additional revenue from this like, isn't the answer to me? It's like you bundle this in and you make sales force that much more functional, but I just have a hard time trying T C salesforce monetizing this at a higher rate, but maybe I'm wrong. I mean, what's the one thing I will say? Sales force has a massive distribution into corporate offices. Whether you're talking about small offices with 10 people all the way up toe, you know, companies that have tens of thousands of users. They have platinum, Blake incredible penetration into the enterprise market. And so I guess the one thing that you could maybe say, is, hey, you know, their sales team might be able to sell some additional subscriptions like there's a case there and I'm just I'm struggling to see how they're going to generate that much additional money from this because for this company to be worth, you know, $30 billion that they're buying because it's calling that just to make the numbers easy. You know, they have to have some kind of clear path to like 5 to $7 billion in sales. You gotta go up tenfold. What's the path there for slack So I love the company. I love the product. Hey, what will see Sales Force has been making some big acquisitions lately, and it hasn't hurt their stock. We'll see if this is in the same boat in the last decade. Mark Benny Off has been proven right more often than he's been proven wrong. He was an Oracle guy right? Didn't work with Larry Ellison at Oracle. He did? Yeah. He was at Oracle for awhile. I think he left there in like I want to say 99 or 01 and started sales for shortly after the two your point Sales for stock this morning folks is down 7%. Let's talk about Tesla. They Yuan Musk was doing an interview. And he made a comment that if a rival asked for a merger, he'd have to have that conversation. And I'm thinking, you know, arrival that would make sense Might be Ford right forward is just like a shake. They can't get out of their own way or or Chrysler. I mean, a lot of automakers would love to be taken over by Tesla. I would think I guess the question is like, what would you on do with Ford? Electrified. It's uh, really what's what's the incentive for you on to you and I know, he said, Look, I consider improved manufacturing capability. Yeah, I guess that's probably the only The only thing is, If you say Look, we could, you know, quickly repurpose these factories and turn them into you know within two years, something that is producing a high number of electrified vehicles. I wonder what the retrofit cost is because even when you talk about auto manufacturers moving from one model year to the next, that's a yearlong retooling process that's really expensive. If you're talking about a full, you know, build out, and that's not even talking about, you know, moving into completely new processes so It's I don't know. Like I've been critical of musk for some of the stuff that, he said and done because again, his best give strength. You know the ability to kind of go What in blazes entree also cause him to do some dumb stuff on Twitter. But Your company is worth $500 billion right now. Why do you want emerge like why would you want to merge with four? What about VW? Too big. Why? What I mean? I know that VW's been heavy, heavy on pushing the electric. Uh, movement, you know, with their I d 3 84, and you know you're the van that you want. Chuck Berry Electric VW bus Yeah, That's my That's my, That's my car, but I also would be. I don't know if you guys saw this pose, like, four months ago. Something like that. Um Ellen was in a video with VW CEO Test driving the idea. Three. Um, any line which is like a It's pretty good. It's pretty good. I don't know. I thought that was kind of interesting. German engineering, You know, they would in they would be a natural match. I mean, imagine you combine. German engineering, which you know for how many years is German Engineering? Been the best on you Combine that with Elon Musk. That's a that's a powerful combination. I don't think he'd be a good fit. Yeah, You're probably right. Can you measure Yuan must trying to mess with German business culture. Well, he's South African. Right? Yeah, but like, what are you German business culture. It's down to the minutia. Very detailed, Very slow paced, very, you know, process oriented Yuan goes out. He's like, build me a tunnel yesterday, right? Right. Hey, it Z subject of conversation. Hey, coming up. We're gonna be having a conversation about something very important, And that would be how you can get a free make rib sandwich at McDonald's right now the Dallas down 22 points the S and P is down 220.84. The NASDAQ is down. 25.
Bill Gates looks back at ‘The Road Ahead’ after 25 years and some hit-and-miss tech predictions
"A look back at what Bill gates got right and got wrong in his book road ahead. This is based on a bill gates blog. Post talking about that stuff. And it's interesting because i had kinda forgotten this but back in nineteen ninety-five when this book was written. He was talking about What do you call digital agents. Which today we call digital assistance. Cortana syria lexus. Google assistant Was pretty forward looking. You know although he says These things are not as sophisticated as envisioned that they would you know twenty five years ago which is kind of interesting but you know what he doesn't say and i find i find this to be somewhat fastening. This book was really controversial Because when it came out it barely mentioned the internet. You know And i mean a month after this came out microsoft its giant pivot where they embraced the internet and You know announced internet explorer and a and they fully embrace the web and he actually came out with a second edition of the book that added the word internet about one hundred and fifty times just to make wa So year later almost a year later they came out with a revised version of the book. but yeah. I mean back. Then you know microsoft well you know. Proprietor proprietary software company there still thinking very proprietary so he saw the need for networks obviously and worldwide global. And all that. But i'm sure he envisioned microsoft being a gatekeeper. That thing you know at the time So that was kind of but yeah. I remember when this came out. It kind of solidified my distaste for these kinds of books. You know i. I was reading the wikipedia entry. But they're like it coulda reception is being very tepid mike. That's a good word for how this book was. Because he used a lot of management jargon and like big ideas. And i'm like yeah but tell us what you actually think about. What's going to happen next because you actually have done. A lot of comdex presentations used to tell us stuff all the terrain and it used to be great. It used to be amazing. You'd be like wow. Is that really the future. And then you read this and you're like wait. What happened between that and the book right. I mean look i. It's anyone who knows anything about bill. Gates it probably has a little bit of a problem with the tech visionary thing but i mean he did foresee the digital transformation stuff that we're that's happening today. He saw video on demand very early. They had a project tiger that was seeking to basically make net flicks back in the nineties He saw pocket computers of course Many years before we have iphones and androids and things like that. So i mean he you know but he'd been spot on the internet aware then he you. You did mention this but he is now going to write another book Which is called how to avoid climate disaster where he's talking about climate change and Yeah this this could be given what he does now with the gates foundation. I think a little more sweeping and maybe more interesting. We'll definitely be more sobering in it. Just yeah yes if we can turn off all those data centers. We wouldn't have. I told you the internet was bad. I don't know why did pay attention in one thousand nine didn't mention it back losing it. That's it's twenty five years. it's amazing. It was twenty five years ago. Nathan myhrvold Was one of his collaborators on the book which is interesting given that he went onto intellectual ventures. Yeah i still have the contents of it on my nass somewhere i of the day. Yeah don't know if it would install these days. It's probably a what they built. Probably some base thing also we have in in. This is interesting microsoft and joins apple and amazon. In saying hey so so in this court case with google. We'd really like it if you didn't share all of our data with jewel 'cause that wouldn't be great also. At and t. Comcast duck duck go oracle sonos and t mobile. Wow i just find this interesting. Because the all of these Big tech Internet anti-trust cases are all based on this notion of the gatekeeper. Right apple is the gatekeeper. I s amazon is the gatekeeper to online shopping. Google is the gatekeeper basically to the internet or the web in the idea. There is that you're searching for things. And they those companies control the search. They see what you're searching for and they can see what's popular. They can offer up their own stuff. Instead you know amazon. Does that with amazon basic stuff. They're like oh look. Batteries are selling great. Let's make batteries. Find the cheapest chinese batteries and get slap a log autumn. And we'll set. We're under price. Them will sell a million of. It's worked out pretty great right so basically no one goal to do this to us through the evidence for providing in this case the idea being that google's lawyers will see the evidence. Go back to google and say hey Apples working on this thing that you might want to know about ever and they would like the stuff to be marked as confidential not in not be something that google's lawyers could bring back to google so it'll be in gogol has said We would never do that. What do you mean. Of course not having with alaska do better say this. If it did happen. I mean we would disclose that. That'd be
Fresh update on "oracle" discussed on Business Wars
"Phone. Are you getting. These are not three separate devices. This is one device and we are calling it. Iphone proud goes wild. People punched the air with their fists. Jobs soaked it all in striding to stage triumphantly. Apple's iphone changes everything. Before the iphone there was the bulky blackberry with button. Keys that business. People kept holstered on their hips. A symbol of success but the sleek iphone is for everyone email and the internet are readily available. The iphone elegantly rose a camera ipod and a laptop into one device but the iphone can also download apps made by other developers just apple and in two thousand eight iphone owners. Start downloading apps with capabilities that ranged from frivolous to indispensable. They can make their phone. Recreate the star wars lightsaber noise play crash bandicoot or read the news. This app invitational allows apple to create a cottage industry of app developers. They're all trying to get rich off. The next big app and system and john are no exception by two thousand. Nine system is spending his weekends hunker down in cafes trying to learn how to code mobile apps none of them takeoff he makes an app called dished for people to rate meals at restaurants then he hits upon a new idea. It's called bourbon. The name stems from systems love of the finer things in life like top-shelf kentucky whiskey users post their whereabouts at bars restaurants and clubs with france. Whoever post the most wins prizes each update has a photo. But the technology is clunky. You have to email the image to the developers i. The technology might be cumbersome now but those photos are going to be key to bourbons future. That is if system can stay afloat long enough for these pixels to change the world. If you're a business owner you already know that running. A business is really one of the toughest things there is but look. Don't make it harder on yourself. Unnecessary stop paying for multiple systems. That don't give you the information you need when you need it instead. Upgrade to net suite by oracle the world's number one cloud business system net week gives you visibility and control over your financials inventory commerce and more everything you need all in one place instantaneously wondering loves net sweet so much that they just switched over greg. Cfo here at wonder. He said that they had outgrown their systems and needed to upgrade to something that could bring everything together seamlessly making everyone's lives easier. And greg found exactly that with net sweet joined the over twenty thousand companies using nets wheat right now and let net sweet show you how bill benefit your business with a free product tour at net sweet dot com slash wars schedule your free product to a right now at net sweet dot com slash wars one more time that's net sweet dot com slash wars university of maryland. Global campus has more than twenty years experience providing online education to military service members and working adults. You see can help you earn a degree in an in demand field from wherever you are at a budget that works for you. Offering low tuition. No cost digital materials. In place of most textbooks scholarships for those who qualify and more learn more at u g c dot. Edu slash podcast Spring twenty ten system is sipping a cappuccino in san francisco. Coffee shop he keeps glancing at the. He's waiting for steve anderson. An influential venture capitalist a casually dressed man with strawberry blonde hair in an athletic build walks in system waves. Over and anderson takes a seat kevin good to see you. Thanks for taking the time. So tell me about your project. System starts talking up bourbon. Anderson waits patiently for the number he knows is coming. I need fifty thousand to get off the ground. Anderson pauses to consider systems. Iphone is lying on the table and he notices it keeps buzzing with notifications. What are all these updates. You're getting someone looking for you. I'm pretty sure it's people joining bourbon. Sister quickly scrolls. Yep a lot of people just signed up. That's too good. Does you plan that to impress me. No way i wouldn't do that. This is real growth. Well clearly you have something here. But i'm concerned you're so low and that's a risk you don't have anyone to challenge you to bounce ideas around with. I'm interested but to be honest. I think you need a co founder. It's an astute request after all the best startups have co-founders bill gates and paul allen larry page and sergey brin bill hewlett and dave packard system nods. Sure i can find that person with systems. Promise andersen writes a check for fifty thousand dollars. Then a google colleague introduces system to mark andriessen. Who writes him a much. Bigger check for a quarter of a million dollars now system just needs to make good on his promise to find a co founder. He asks round and eventually lands on a name mike krieger. Krieger is also a stanford alum. Who's already using bourbon. He has a masters in symbolic systems. A program focused on how people interact with computers the to run into each other regularly on the weekend cafes each toiling away at their respective that system calls him up. Mike you have been telling you about bourbon. Well i've gotten funding three hundred thousand dollars to work with. I'm turning bourbon into a real company. Well congrat- man. Yeah but i Can't do it alone. I need help with the tech and with companies whole vision. So.
The History Of Exorcism
"Tony us and carry the show where we don't just report on fringe science spirituality and claims of the paranormal. We take part ourselves. Yup when they make the claims we show up so you don't have to carry poppy and i'm becoming an exorcist me to a and so can you at the international school system bernadette dad too. That's my for everything now. Oh are you willing to give it to bob larsen. I'm willing to rent it to bob larson. Yeah you're welcome bob. Yeah bobo what is it that. Let's see your outing a little bit of a syncopation bad about up. But i'm different. Now you repeat all right. We'll know is asking myself if that was different from what you did. I don't know i anyway. it's beautiful. Thank you and we have taken. The course work to become exercises. We've told you a little bit about it in our previous episodes but now we're in deep dive mode. Yeah man. let's get into the history of exercises so put on your exorcism hat. Your student hat last time we left off at the end of level. One course one. I know big cliffhanger yes so. Let's talk about tanger absolutely. Let's talk about christian and pre christian exorcism. Okay well this is module two of level one apprentice level. Oh okay you're making the sound like a very long journey of the exorcist. They have all these like sort of sub descriptions. When you get in there it's not very easily delineated. Your but yes so. You're talking about macho to within level one to be fair level. One is synonymous with the apprentice level. Correct so there's going to be ten modules. And as i was telling you earlier today all ten modules basically amount to exercise been around a long time. It's not a new thing. I'm bob larsen. Just summed it all up for our show for show. Thank you so much. So they're christian and pre christian extra schism part is about how there were indeed exorcisms before jesus even right before. There were such things as christians. So don't be thinking that exorcism is just this new up start phenomenon or that. Bob invented So he let us know that egypt. Persians canaanites all had x.'s rituals. Yes mostly they were incantations or enchantment. There's always going to be kind of a rough line around exorcism as posession versus exorcism as occurs. That's influencing you or maybe laid upon an object so there's kind of squishy lines around all of this. I wonder if he would acknowledge that. Sometimes people did them for health ailments that we would now just acknowledge our health elements. Yes yes. yeah. I think bob's pretty weird that little bit of god of the gaps where god when used to explain things that we just don't understand yet like lightning for example like when a lot of churches and the late seventeen hundred started installing lightning rods. A lot of people were upset. Like oh well this is going to subvert. The will of god share so then when science steps in and explains that oh actually charged particles in quick energy transfer. And hey look you know you can actually take control of that aspect of weather. Then god stops being used as an explanation right. That's what i mean. When i say god of the gaps oh god gets increasingly small and one's world view if one defines god based on what we don't know the more we know the less god is invoked to explain. They should make that at the. Bottom of the nbc. The more you know you need to invokes to explain what are bypass about about so. While bob didn't used that terminology. I think he realizes yeah. Ok some things now. We do explain with medical science or just an understanding of the natural world and very late in this game hill. Really get into mental health issues. That definitely although i think he'd draw a hardline around anything that happened. During the jesus years everything jesus healed. It was whatever she said it was the bible. Says you're walking on water. You turned water into wine or something else involving water then. Yeah that was legit because the bible is absolutely correct about everything i was gonna say. Is there any area where. Bob is not a scriptural literalist. Oh good question you know. I feel like that is always hard to define. Because some people say they are and then as he listened to them describe their beliefs. But if you look through a certain lens you'll see that at the time they were encoding. They're under yeah virgin actually There's gonna be all kinds of ringing. But i feel for the most part bob pretty literal. Yeah he doesn't have to do a lot of back flipping to defend his literal biblical azam. So one thing. He said that i thought was interesting. Is basically everybody alive. During that time was an exorcist like it was kind of taken for granted. Something anybody could do if there are spirits in this world you talk to the spirits right being and when you live in that world where everything around you is kind of controlled by the whims of the gods and the demons. You have to deal with them and placate them. So you mentioned in ancient babylon you had priests like creating a clay figure of a demon and then smashing it. In hinduism you had demons and demigods. Who were understood to attack living beings in greece. You had the oracle of delphi and they were supposedly possessed to tell the future Andy pointed to other which and shamans and various cultures that have had the equivalent of these beliefs
Fresh update on "oracle" discussed on Acquired
"This is the beginning of the re bundling of enterprise sales like we spent the last five to eight years in an era of well. If you think back fifteen years ago bring your own device happened and then the last five to eight years it was anybody with a credit card gets to buy any old sas service and there's subscription fatigue in a big way at at any company. I mean we were twenty two company. A ps l. We have a spreadsheet to manage all the subscriptions that everybody signed up for. and then there's harassing at the end of every month. Who signed up for this card. I can only imagine how painful that is at at enterprises and so you have to imagine too if salesforce is kind of saying actually we have the opportunity to run the microsoft playbook here And we're gonna continue seem more more consolidation here to alleviate the pain of procurement around basically people going around procurement. And i think i don't know i think that's an interesting point. And i can't imagine that as the companies that are used to buying microsoft and oracle and even for us and all those kind of age out that the new wave of startups like you know what we really love to buy from is salesforce or really. Love to buy from microsoft. Maybe there's this transition period that we're in which is like a five to ten year thing. But i think the way that that ends up getting solved as is their companies like ramp on the corporate card side that that is trying to show you. You're spending one place. Show you where you can save. And so whether it's a corporate card whether it's a software solution that kind of comes in and replaces the spreadsheet there. I think there will be other solutions than company is growing tech. Companies are bigger and bigger part of the market. And i can't imagine that the enjoy working salesforce more than they. Eight men expenses and pack. You raise a great point too i. It's sort of novice of me to suggest that the point of integration in twenty twenty one would be the same as the point of integration in two thousand five like the re bundling won't happen in the same way that got unbundled. The re bundling will be at the credit card level. Or you know now not going to go build the microsoft bundle. The way microsoft built the microsoft bundle makes fun indeed indeed well speaking of prognosticating about the future and strategic decisions in the landscape. I don't think we can leave this section without talking abou what i think you read about really eloquently in your piece about your take on the bear case for slack as an independent company And this actually totally jives with our friend. Cheaper over emergence is about to publish a blog post about this like the the flip of this being an investment. The he calls it deep collaboration. But like that. They're all these other workflow apps out now whether it's fig mo- notion or whatever that actually have chat and collaboration built into them see you don't need to go over to slack in order to collaborate on a document or if you're working on legal document with ironclad or something like that. Let's talk about that. Because i think this is a really astute observation. That's fascinating at a lot of this comes from kevin. Kwaku is more more than than i am on on these things but the point being that his point that he makes a great piece that he wrote on on slack is that slack is really a once. Every piece of what business dies has a figment like software that has collaboration embedded then slack becomes this kind of like backup. Use it for emergencies. Something has gone wrong in the collaboration tools. Oh let's go over to slack and chat about it or it kind of becomes what email is today which is like you..
TikTok Gains Extension of Divestiture Deadline
"Administration at granted. Bytedance chinese company that owns the video sharing app tiktok a fifteen day extension of an order to sell tiktok by yesterday. Take talk now has until november twenty seven to reach an agreement to sell off its assets. Bytedance has been in talks with walmart an oracle to shift the company's assets the trump administration contends tiktok poses national security concerns because it argues personal data of us citizens could be obtained by the chinese
Fresh update on "oracle" discussed on We Study Billionaires - The Investors Podcast
"You willing to allocate some savings to end. I think it's part of the psychological process for an individual to get involved into invest. And we know that bitcoin is being monetize in a series of cycles. And what. I think i've observed. Is that each cycle is kind of defined by of people who are reachable in that cycle so the first cycle is the computer scientists in the cryptography. Who really understood. Bitcoin significant even in the very earliest days. Because they'd be thinking about this problem before for decades but even amongst that cohort of people. There was some people who were skeptical. Bitcoin and they had to hear about it multiple times before. They're like. Okay actually be in nisa. A doesn't have any holes more into invest and great maxwell's a funny example of someone who wrote Discount what and he's now one of the most prominent developers of bitcoin. The next cycle was people who had that ideological affinity on early investors libertarians and people who sold the the freedom potential bitcoin and then the next cycle was elliott doctors in early hedge funds. And things of that nature. But the observations i make about this is that some people need to hear about something like bitcoin multiple times before they pay attention. The may was twice and it was lucky for me was twice usually priests low-cost with these kind of things but it was two people at really trusted and they will planting ideas Ground with me. I was here. I am a libertarian. And so i sold the potential something like this that someone like my mom. She's probably going to have to hear about it from ten or fifteen of her friends saying while bitcoin's really amazing before she thinks of everyone around me is talking about this and one of the important point about is psychological processes wants. Bitcoin gets into the head of an influence. They have inordinate impact on the cohort of people around them and one person i like to think of his russell kun who's Nfl football player got interested in bitcoin. A couple years ago and he's constantly tweeting about it constantly. Tweeting about why because the important and he's followed by a bunch of other. Nfl players who like russell's talking about what they sing. What is this thing. And then maybe you hear about it from someone else will they. Why springs say something about it for different people. It's gonna take a different number of touch points before they become interested. And that's something that i find particularly that some people will pick it up really quickly and some people. It'll take a lot of putting and hearing other people doing well before they become interested. And somebody want to become interested because they they have an ideological problem with bitcoin. People like paul krugman. They don't wanna see bitcoin succeed. So acceptance that maybe it is important. Technology revolution to money is not something. They can affect without attacking their own personal identity. Let's take a quick break and hear from today sponsor. We were in early on some of the best performing. Ipo's of twenty nineteen and twenty twenty with our crowd. Accredited investors have access to invest directly easily and most importantly early our crowd investors have benefited from our crowd companies. Ipo beyond me or being bought by companies like intel nike microsoft and oracle our crowds investment professionals leverage their extensive network to review some of the most promising private companies and startups in the world. If you're in a credited investor you can join our crowd for free at. Ou r c r o w d dot com slash study and review the current deals. No payment is involved until you decide to participate in a deal as you review deals. You have access to our crowds investor relations team. Who you can talk to directly on the phone about your personal investment goals. Accredited investors can participate in single company deals for as little as ten thousand dollars or one of our crowds funds for as little as fifty thousand dollars. Today you can join our crowd. Investment until an industry. Innovator that's positioned to help save billions every year by harvesting fruit. That's now left to rot to villes. Ai powered flying robots. Pick thin and prune. Orchards helping mitigate the global shortage of fruit pickers while offering cost savings up to thirty percent. You can get in early until and other unique opportunities at our crowd dot com slash. Study if you're interested in investing you need to join our crowd. The our crowd account is free. Just go to. Ou r. c. r. o. w. d. dot com slash study. You know how it feels when you find extra cash in your pocket now. Imagine you found five times that surprise money. That's the feeling with capital one. Where new savings account earns five times the national average savings rate on any balance. That means you earn more every day. Just for saving. This is hassle-free hardworking savings. This is banking reimagined. What's in your wallet capital one. Na member fdic. Let's get back into the podcast. Talk to us about your opinions on trading. Because i think you have some really valuable thoughts on this. I really am concerned about people who start trading coins and i worked at a company in the two thousand sixteen seventeen bull market and i saw. It was a company with a very young average employee. Age and i saw people get interested in bitcoin and then start chasing returns in all coins and i had seen this before and saint people lose all of their money training all coins. People didn't listen to me and was really sad. I didn't like seeing people get hurt coming to this space and seeing what i think is the greatest innovation to money and then losing money because they get sidetracked down this dangerous dot off. I think anything about trading all thing that's most important to understand is that there's an opportunity cost to trading them both just holding bitcoin. And if you're going to trade. One of these coins ultimately most people who trading them take the prophets. Hold them in bitcoin. The problem with doing that is when you traded on successfully and you make profit. That profit is taxable to year old. Ready losing if you're successful thirty or forty percent of your gains and then if you adjusted for risk the risk of these coins much much higher. It's very very hot. Profitably trade kettering in taxes and the end adjusting for risk is very hard to on bitcoin and my rule of thumb. Is you ve your training all coins. You really need to think about it. As i have to be doing canucks five to ten x better than bitcoin to this to be worth it because this is much riskier on and when i make when i take my office big chunk of them taxes and i think probably the people who are trading all coins of miniscule minority actually doing that making five to ten x some of them may be making say fifty percent more than bitcoin jumping in and out positions that fifty percent and then drops to twenty percent more than bitcoin. When you think about it you're trading these crazy volatile coins. It may disappear and you're making twenty cent more than bitcoin is absolutely insane..
TikTok hasn't heard from the Trump administration in weeks, prompting latest CFIUS petition
"With the trump administration order looming. The popular video service app. Tiktok is asking for courts to intervene. Under a trump administration order tiktok. Chinese owner bytedance has until tomorrow to sell off. Its us operations under an executive order. Put forth by the president in august. Trump in september tentatively signed on for a proposal from the company that would place tiktok under the oversight of us companies oracle and walmart but tiktok says it has received no clarity from the us government about whether that proposal has been
Marketing in times of crisis with Meagen Eisenberg
"Welcome to the revolution show. Megan Eisenberg's actor factions welcome Meghan. Thank you. Thank you for having me rates. Have you looked costs for the for the first time we had you speak at a couple of suspects. Now I think being Dublin twice once with Mongo DB A. Trip back trip actions I miss. It may say it would be well, obviously would be next month right ends. Yeah I mean. Everybody's not just not just saying that a lot of the conversations having the moment because I think it's impending at, it would be next month. A, lot of people saying all It's one of the top two events that went missing this year and. We're definitely failing fading that. Make do without the online. Brings. US, up, a line in different. but. Certainly we're trying to bring a lot of that fatty online but us, you call events in that is against the pumps up. Missed the Guinness. That's it. That's a great on on the PODCAST. For those that don't know you, can you tell us a little bit about yourself? WHO's mega noise? Sure. I am CMO trip actions. I've been here almost two years prior to that I was at Mongo DB as their CMO for four years took them public in October, two, thousand seventeen, and just prior to that I was at Docu sign. That you signature company. That's both doing quite well in the markets right now for three and a half years running demand Gen. Your base in the US area with just chatting about Louis. Flyers. S. airy sad to see and the air in the skies have been orange. So yeah, we're hopeful that the firefighters get that out sooner than later. In. The Bay area. So I was born in, Texas? So and lived in Minnesota in Illinois for a brief amount of time. But most my life I've been in California live in Belgium for year as a nanny. For Two kids are I guess and then I lived in Japan in Tokyo for a year during college raising. Up. We. Want a little bit of about. The I guess the Addington, two factions and leading Moxie. During What is being much challenging year. We. Can Certainly, the the travel industry as as many as the events industry You know we we've had a very. Difficult moment. Don't try to find a way You Know Karma through this and. Understand how are you guys done it and the and and I guess. I mean. Tennis. Just a little bit about through factions. What it does a little bit. Why did you join trip actions when you see among a DVD? And you you know you to join trip absolutely better. Yeah. So trip actions is a full travel management system from bookings expense. So you book your travel than we have travel agents that support you while you're on the road, and then we have a product called trump actions, liquid that corporate card for expenses and and managing anything on the road or even at home you know some of our companies are using it to expense office supplies, stuff like that and software I joined. Last year weather reside is one it's a massive market I think One thing when you're looking at companies to join is to look at their size of the market it's a one point, five, trillion dollars just business travel online as one point, five trillion even if we cut that in half with Cova, let's say it only comes back to half the levels in the next year. That's still an eight hundred, billion dollar market, and there's a lot of legacy players in it that haven't really innovated in a long time. They were all born before the iphone they weren't there in legacy technology and infrastructure outdated models. They're dispirit systems They're not designed around the traveler, the user, and they don't usually have very people don't love those solutions typically. So I love going to a player that's very disruptive. That's modern that was born after the IPHONE and designed around on new technology is very similar to to be born after the iphone they went after a very large forty, five, billion dollar database market that was growing to sixty billion and they're taking on a large incumbent which was. Oracle and they were bringing a whole different way of doing it and tractions doing that it's a very, it's one platform. It's just a very different model than what's out there, and so I was excited to join the company and we were growing quite fast. We added a thousand employees last year until we had to hit the brakes with covid and that definitely was a punch in the gut I, think for the entire industry and we've had to make a lot of pivots and moves in order to adjust for this environment. But we know ultimately travel will come back. Businesses are reliant on meeting in person and accelerating deals and so I'm here to help us get through this external. Event with the pandemic and build the right product and support our customers and what they need now, and then
Oracle's Jason Witt on the Partnership Between Creative and Code
"Today I'm joined by another Jason Jason Wet I, who is the senior creative director for four x marketing and Ryder Oracle Jason was senior creative director epsilon. In, both rules, Jason leads teams, designers, and developers, writers, hats had strategists, all those people making him out to help clients, deliver more effective email campaigns to subscribers. So welcome to the PODCAST Jason. Thanks for having me excited about the conversation. Awesome. Yeah. So I always like to start things off by hearing about guests I. I guess your career in the marketing world and how you make your way to where you are right now. So can I tell me a little bit about how certain? Email? Marketing Archaic General. Bad I got to work all yet for sure. So it's kind of a long road but. I've been in marketing for almost twenty years now. So I. Started Out in traditional marketing doing you know not so much offline but mostly print direct mail I worked. I worked for an in house agency for quite a while over ten years and so it was interesting coming out of that in into more the agency world and when I started it up Salon I kind of walked into it into a position that would they scratch their head civil. Why do you want to come in and kind of get your hands in the work and it was because email really was a channel that I had it really dug into. I said to be you know really versed in anything I really wanted to get my hands in the work. So I spent about the first year. So really really fine tuning my skills around creatives and then also making those connections with the technology in the platforms that we use today order to send out email and over time I just developed a a larger team underneath me and it just kind of grew from there and and and had some really great successes were some awesome. had a chance to do everything from not only created strategy, but also developing design systems for our clients to use to create efficiencies within their their creative workflows, and so you know one of my I think one of the philosophies sort of carried me now into working at Oracle is that you know there's so many ways for our teams to help our clients. At. You know a large organization like Oracle in your sort of consulting role I think a lot of times and you're working with a client they might have like an. Agency of record or they'll have an internal creative team. And I think it's important for us to kind of walk in and really be able be able to be put our consultant on. Be. Able to just say, Hey, look, we're an extension of your team. How can we help you and we help our clients in a variety of ways and I find that really rewarding because there's some some clients will dig in and we'll do one or two campaigns There's other clients will help develop. design systems for their email programs and then other folks that we have is retained clients that we work with every all day so. It's been. It's been a fun journey to get here I'm really excited about being at Oracle and supporting the platforms in the services that we have to provide but I've definitely worked with so many great people in the industry for a long time an and that's been really great as well. Yeah Awesome So I'm pedicures way your typical client base looks like at or these days as mostly on the retail side or during the lobby to be. Folks in your across. Yeah. You know it's interesting at Oracle, because we have sort of this mixed, right we have to platform. So we've got responses and then have Alachua and eloquent tends to be more on that beat Abi side and You know it's a little bit more hands off of the L. A. Clients just because the fact that they're they typically, you know are smaller to mid sized companies. So they most likely won't engage in some of the more I would say costly services you know they're really kind of hitter budgets there can be to be, but we do have a fair amount of clients that we work with their You know to support to support their campaigns there, and then on the responses side where it's more beat see, we have everything from retail financial services, hospitality, which has been a tough year. US Battalion we've had we've had some rough times here, but you know financial services technology companies retail has has been interesting over the last. I'd say six months we really been Asia retail as Dave shifted and sort of pivoted their business models to adapt to what's going on in the world So had a fair amount of work and retail.
SAP Shares Collapse After Lockdowns Force Cuts to Revenue
"SAP. The Enterprise Software Group based in Germany is having its worst day in more than a decade shares of sap are down more than twenty percent after the company cut revenue and profit guidance for the year. Jim. They're saying that corona virus lockdowns would affect demand well into twenty twenty one. What do you make of this? Because I I'm sort of struggling with. two competing ideas and one is that sap is right. In terms of overall demand and if they're right than that probably. Bodes ill for a number of cloud base stocks out there. The other idea is that this is an sap thing. This is just confined to them. Yeah and I think you're right to have that kind of of two minds response. Unfortunately, I, don't have a definitive answer. Of course if I did have a definitive answer, I probably wouldn't be here with you today I'd be on a beach earning you know whatever? You look. As anyone who's ever been part of an sap implementation I think you probably taking a little shot in Florida. Today I know I am has as I might prior career I got to be part of. One of those experiences and sap implementation tends to take at least twice as long as they originally tell you and cost a lot more, and so I'll just leave it at that. I also used to you know if I heard a company with implementing sap. Generally throw them out of my research cue for at least a year because. I've seen that movie. Yeah earnings were not well received about forty billion plus this morning off the market cap. They did try the old lipstick on the pig routine did talk about strong double digit growth and earnings per share. Growth cashflow they talked about their operating cash being up fifty four percent year over year free cash flow up seventy, nine percent year to date. But the problem is you know. And is reminiscent of IBM a number of years ago or IBM would talk about having these goals and certain twenty fifteen goals and twenty twenty goals years before. SAP has had what they call the twenty twenty three ambitions. and. They reaffirmed these twenty twenty three ambitions last quarter, which would be the quarter where corona virus and cope nineteen really got traction. And without so much a by your leave this morning, they have thrown out the twenty twenty three goals replaced them with twenty, twenty, five goals. The twenty twenty three revenue expectation, and the previous goals are answering ambitions. Was Thirty five billion now, two years out for twenty twenty five that ambition is for thirty, six billion. Okay they've. That looks like a slowdown to me sap. Certainly. They have reduced a bunch of. Components of their guidance perhaps, they shouldn't have been giving guidance during pandemic that might just be a little suggestion. Some somethings I've seen. You know th, the stock wasn't horrifically priced before this I believe was about eighteen times EBBA enterprise value to. About five five and a half six times sales there are certainly richer companies out there. But? When you have this kind of growth slowdown and it comes kind of out of nowhere I, can see why the markets puking puking it out. I've seen some suggestion that former CEO bill McDermott. Who I think has a an exquisite sense timing. He left about a year ago to go to service now. There's some suggestion that he had this big long acquisition string under his belt. Then, he left in these acquisitions. All in their own little personal fiefdoms within sap, they're not well integrated. So he's kind of handed these ambitions and this integration work to the next guy. I think there's a lot of work to be done here but. Really, the the serious reaction here certainly has to be that. Oh. Yeah. Reduce Guidance Change Ambitions like like you've just thrown out a multi year plan and it's kind of replaced with another one and you're hoping no one's GonNa notice. All they noticed. You know whether it has implications beyond sap. If I was a salesforce or an oracle shareholder, this morning I might be a little nervous. Now look that said we we know that the cloud based. Transition which we've seen other companies do very successfully autodesk and adobe being I, think exhibits one in one. Where shift from selling the You get the big revenue and earnings hit upfront because you sell the license for X. number of years, and then you do your services revenue. Going over to. This cloud where you get a subscription fee every month and it's supposed to be. More predictable results we know it works when done well as I mentioned adobe and Autodesk. Seems that it's not working quite as well with sap. and. We'd like to see I think you need. More quarters sap but I'll if I was a cloud I'm not really a cloud guy. So I find it interesting but I'm not remotely equipped to understand most of it. You know I'd be a little worried going forward the rest of this earning season to be
Stocks Down More Than 800 Points with Rise In Coronavirus Cases
"Is sinking deeper with every passing hour. It appears that's getting ugly. We had a rough open and just getting worse since then got the record number of infections here in the U. S on Friday and Saturday with a Corona virus. That's not helping the market along with Mohr shutdown looming in Europe Also a big profit forecast warning coming from S AP that's weighing on other software stocks, including Oracle Sales Force, and Microsoft All adds up to a big selloff today, the Dow plummeting. By about 815 points, NASDAQ dropping 254 points and the S and P is down by 81 points. It's
To Take on Slack, Google is Rebranding -- Again
"The pandemic has taught us many things how to coordinate business attire with sweatpants, for example, also how you can stay inside all day and still feel exhausted. For companies one of the biggest lessons is how much more productive many employees can be when they work remotely. In fact, a recent study published in the Harvard Business Review, found that knowledge workers are more productive and generally feel better about their work when doing it from home, it's the attention of these workers that Google is trying to get by rebranding it suite of productivity and remote collaboration tools. Google workspace formerly called G. SUITE INCORPORATES G, mail calendar, drive Docs, and other Google apps into a single interface. It's got a new look and a handful of new features that are supposed to. Save Time. That's the upside on the downside. Unlimited storage will cost you about eight bucks a month more than with G. Suite. The pandemic shifted such collaboration platforms from some what irritating office requirements to essential communication tools. So it makes sense for Google to coordinate all of these tools in one space to compete with productivity platforms like slack and Microsoft, teams but there's nothing truly earth shattering about the new offering and unfortunately everyone including Google keeps messing up the new name Fast Company reported that in two separate workspace related blog posts published earlier this month Google called its own new brand work place. Meanwhile Google is playing catch up with slack, which has more than twelve million active daily users and enterprise customers include the majority of fortune one hundred companies including starbucks, Oracle and target at the company's annual conference slack announced it was adding more security features like the ability to send secure slack messages to people outside your company. The verge reports that slack will also introduce instagram likes stories and push to talk audio by the end of the year. The goal is to cut down on constant video calls and inefficient text conversations by giving users communication tools they already use a quick story post can update the team and replace that annoying fifteen minute morning huddle. Plus slack already has so many integrations that make it more than a messaging platform including integration with Google workspace. But all of those bells and whistles might not matter as protocol reported. This month platforms like slack have been pouring resources into chat functionality, which is the heart of collaboration platforms but workspaces tools are already integrated into companies in other ways. G Mail is the world's biggest email mail provider and most companies already use Google docs, sheets and slides. In fact, Google now has more than two billion users who rely on at least one of those apps. So it has some home field advantage to slack may have an advantage in cool features for now. But Google has one thing that's hard to innovate sheer mass and when a player that big comes to play on your feel you better be ready with your.
Juju Smith-Schuster Launches Esports Organization
"Pittsburgh Steelers wide receiver Juju Smith Schuster just launched an Esports organization. I'm a dream is the Sportsman it presented by E Sports Network. Juju is one of the most active traditional sports players in gaming in Esports. He joined Drake and ninja along with Travis Scott during that famous fortnite stream and his work closely with his clan over the last few years today. He announced team diverged. The new organization is described as a gaming entertainment and lifestyle company based on that and it's athlete owner the Oracle likely be trending towards the faith content model and not a purely competitive Focus team diverge is also claiming to be the first athlete LED gaming entertainment and lifestyle company. And I guess that depends on how you categorize that type of company wage. The plenty of e Sports organizations are owned by athletes Verizon echo-fox are two big ones plenty of soccer players, including David Beckham kind of also have organizations and so do a couple of other football players wage. That's not even including all the athletes who invest in orgs most major organizations have at least a couple athlete backers some like energy have a whole roster of All-Stars regardless. This is an organization Page look out for right now. The plan is for the org is to recruit athletes musicians and other celebrities, then they plan to open a gaming house and twenty Twenty-One and that will certainly be a hub for some really interesting content for now. They've been Fielding any teams in major e sports, but they do want to put together a group of players to compete in gaming tournaments. I'm imagining they're aiming it like war zone and fortnite Pro-Am or something similar to that Juju is also keep a relationship with basically an intact according to an E Sports Observer article. Although it's unlikely. He'll be continuing to work on any clothing lines like the one he did with phase now that he has his own Esports organization. Juju is one of the best examples of how athletes can use gaming to build massive Brands. He's active on all social media platforms that has over a million subscribers on YouTube over a million followers on Twitter and over three million followers on Instagram his twitch and half bath. Either a lot of that growth has been Thanks to his active presence in gaming circles as well as being a damn good NFL player. Of course,
Judge Allows Apple to Continue to Block 'Fortnite' From App Store
"A judge California judge has denied epochs request that apple be forced to reinstate fortnight in the APP store they did say that on the unreal engine cannot be. Harmed the apple because apple was threatening to revoke developer accounts to epic games The judge said, this was actually they had this has already happened in preliminary injunction and now it's been reaffirmed that no, yes. Apple can kick you out of the store. No. key take away your developers certificates for For the unreal engine.
Supreme Court Hears Copyright Battle Between Google and Oracle
"Spring court justices spent time discussing restaurant menus, keyboard songs and even the periodic table. In trying to resolve a coffee right dispute between tech giants Google and Oracle. The justices have heard arguments in a dispute that's worth billions of dollars and important to the future of software. Some of the justices seemed to be at least concerned about what a ruling for Oracle could mean. The case has to do with Google's creation of the Android operating system now used on the vast majority of smartphones worldwide. In developing android. Google used some of oracles computer code. Correspondent Jeremy House
"oracle" Discussed on Marketplace Tech with Molly Wood
"Technology we use every day is built using thousands of lines of code, , some of it written decades ago. . Now, , the Supreme Court is deciding when that code is free for others to use and when it is not back when Google was creating android, , the company decided to make it work with the popular programming language Java. . So it would be easier to make APPS for android but to do that Google Use Java code that is now on by Oracle Oracle sued and now a decade and several trials. . Later, , the Supreme Court heard oral arguments. . Yesterday Mark Lumley is a law professor at. Stanford . where he teaches copyright and Internet law and has been following the case I think this has tremendous implications for the way software is written and for the structure of software markets I think Oracle wins its case. . It's good to make it much harder for computer programmers to write programs that work with other programs I. . Think it's GonNa, , make it much more difficult for anything from cloud computing to video games to a number of non software interconnections to Inter operate or work together with machines. . The Supreme Court heard oral arguments yesterday in this case, , anything stand out to you on either side. . Yes, , I, , think what's remarkable especially given the background we've just talked about is that Oracle's argument seemed to get a lot of traction with a lot of the justices chief justice Roberts compared Google writing its program in a way that made it into operate with Java to. . Cracking safe codes and number of the justices seem to think that the facts that Oracle had written this code even if this code was out necessary to make programs work with Java meant that it was the copyright owner and had an entitlement to protection. . So based on that, , do you have a sense of which way the court might lean? ? It's it's always hard to predict from oral argument but I guess, , I came out of the oral argument thinking that at least on the question of is this copy writable at all many maybe most of the justices were inclined to take oracle side and to say it was copyright -able justice. . Breyer and maybe justices Sotomayor Kagan were more skeptical of that claim. . If Google prevails think it might prevail not on the grounds that you can't protect this information at all. . But on a narrower ground that the court was wrong to turn the jury's finding of fair use that Google's particular use of this was permissible or at least that there was a factual dispute and the jury could legitimately it permissible? ? As you mentioned this case has been around for a decade. . Now obviously a lot has changed both in the companies themselves and in the makeup of the court, , how do you think that could affect the outcome? ? I think the world has changed for the Internet. . and not necessarily in a in a way that's good <hes>, , and if you had asked people what they thought of Google, , what they thought of the Internet and openness in two, , thousand, , ten, , I think you would have gotten much more favourable responses <hes>. . Then you get in two, , thousand and twenty I don't know that that's going to affect the outcome. . But the concern that we're going to significantly impede the way we write software and innovation in Silicon Valley I think resonated a lot more when this case began then maybe it does today. . As for the court. . One significant factor is obviously the absence of Justice Ginsburg. . She was a very pro copyright voice on the court her absence I think sort of both takes that voice away which <hes> which maybe isn't great for Oracle <hes> but also means that <hes> there's a prospect that as the court did twenty four years ago and Lotus versus Borland. . We could end up with a forty four split and no decision why couldn't google just create its own code? ? Google could create its own code infects. . Google did. . So one of the things that's notable here is not only is all of the rest of android code something that Google didn't copy but even the so-called applications programming interfaces themselves, , which are the way the programs connect with the Computer Google didn't Copy Java's code, , it wrote its own implementing coat but there. . Are Some things you have to copy because they are signals that allow things the two programs to work together. . If we want interoperability, , we want somebody to do what Java said was going to be possible, , which is quote write once run everywhere then people have to be able to copy the bits of code that are necessary to allow you to run Java. . I want to ask more specifically what do you think might happen with software creation? ? If Oracle, , wins this case I mean, , how could it affect the kinds of programs we have in the future I think if Oracle wins, , it means that the era of openness and interoperability comes to an end and we retreat even further than we already have into walled gardens if you're on an apple device, well, , , the only. . Thing, , you're going to be able to run or things apple has approved. . If you're on a google device, , the only thing you're able to run or things Google has approved <hes> but the long term payoff might be that it's harder to dislodge the apples and googles and facebooks of the world in a world where we can't write software that works with there's which side do you see working best for consumers? ? <hes> I think there's very little question but the Google's on the side of consumers here right? ? Because it is allowing people to create interoperable programs to use things across platforms I think that both leads to cheaper products and it leads to a wider array of potential products. . So consumer choice benefits Mark Lamley is a professor at Stanford Oracle argues that a ruling in its favour helps consumers by promoting innovation saying companies will be reluctant to make big investments if a competitor can copy their work without paying for it. .
Judge halts Tiktok ban hours before it was set to go into effect
"Temporary reprieve for tiptoes than four hours before the Trump administration's ban was to take effect, A federal judge gave Tick talk a little more time on the clock. But the Commerce Department still plans to render the Chinese own video sharing up unusable for US users on November 12th unless TIC TAC manages to complete a deal with Oracle and Wal Mart that U. S and Chinese regulators can live with correspondent
China Says US "Abusing Power" By Squeezing TikTok
"For us well, China said today the U. S is abusing national power by trying to ban TIC TAC. The video app of federal court in this country stepped in late yesterday to prevent an administration bid to ban it right away. Roger Chang of our tech partner scene that says it all comes his talks Go on to set up a U. S operation for TIC Tac Oracle. Wal Mart is supposed to take a 20% stake in the U. S based company called Tic Tac Global. There remains a lot of uncertainty. Whether not China's bite dance, the parent of Tic TAC will retain
Court temporarily blocks Trump order banning TikTok from US app stores
"A federal judge has temporarily blocked the trump administration's ban on downloads of the Chinese own social media APP Tiktok the ruling came just hours before the ban was scheduled to go into effect last night, the judge will release his official ruling in the coming days. So we don't know his exact reasoning just yet, but we do know that TIKTOK had a chance. To make its case before the judge yesterday here's a reporter. Katie such Eric. He did hear arguments early, Sunday morning from Tiktok that the national security concerns that the administration had were not pressing enough to override the free speech protections that constitutional free speech protections that are afforded social media platforms like Tiktok Tiktok had made note several times we have a national. Election going on that this is a format they called it a the modern town square place where a lot of people talk about their opinions and argue that it was really valuable to preserve that right now, the administration has given tiktok until November twelfth to sell it to you operations or face a full ban that would make the APP completely unusable for. US users, you might remember the tech talk actually has reached a tentative deal that would have the company partner with Oracle and Walmart to become a US company. But some of the specifics are still up in the air and it's not clear by the regulators on either side of the Pacific will approve the final version much less in time for the
U.S. Judge Halts Trump's TikTok Ban, Hours Before It Was Set To Start
"Well tiktok lives in US apps stores at least for another day, a federal judge in Washington, sided with the company last night blocking President Trump's order that bans the video sharing app the trump administration. Let's remember caused the APP a national security threat and it's fighting in court to Block Tick Tock Chinese parent company Bite, dance from operating the APP in the US either by banning it outright or forcing a sale to a domestic buyer, we NPR tech reporter Bobby. Allen here morning Bobby Morning David Okay. So what is this court decision? What does it mean? So the judge put the brakes on a ban that was going to. Like you said, prevent any new downloads of Tiktok that was supposed to take effect at midnight Sunday and the judge didn't explained his rationale for the ruling. But TIKTOK lawyers argued in a hearing just over the weekend that shutting it down would be like shutting down a modern version of the town square. They said that's Kintu silencing speech and there sure is a lot of expression on Tiktok David I mean it's the fastest growing in the world. You know it has some hundred million users in the US. So all those users can now breathe a sigh of relief they can keep posting their lips thinking and other ridiculous videos. For now, that since such an important relief for so many people going for these these times of isolation. You Save for now that's important. Right? I mean this. This might not be the final word at all. Net. Yeah, exactly. So this is a breather for Tiktok buys them time before there's a more extensive hearing on trump's ban, and in the note here that the White House is not backing down from that band but as is winds its way through the courts. There's one very important date and that is November twelfth. That's when Tiktok has to find American buyer or disappear for real in the US Tick Tock, was hoping that the judge would also push back that date, but the judge said, no, we're sticking to the November Twelfth Day. When we heard so much about that potential deal was supposed to keep Tiktok live in the US for good. What what's the latest there? Yeah. There was hope at one point you know parties were racing towards an agreement, but then things sort of went south pretty quickly. trump gave the green light to software company Oracle to take a stake in Tiktok and Walmart was going to be a major investor. But then over in Beijing Bite damps which owns tiktok said, hey, hey, not so fast we don't WanNa lose control of the biggest. APP. To ever come out of China. So talks have stalled but you know the parties having given up. They're still discussing how they can maybe resolve this, but the stakes are so high David for Tiktok I mean, even a temporary ban could mean ninety percent of tiktok users will quit and join the competitors you know in in light of this happening many other apps have cropped up that see opportunity here trying to take you know the users who you maybe think Tiktok might go away and hope that they jump over to their platform. What about this basic question bobby. Is Data safe on Tiktok if we're using the United States yeah. This is at the very heart of the debate. You know the trump administration says, having a Chinese owner creates a national security risk since China's government has unfettered access to private business in the country, and there is a consensus among experts that that's a real concern but the particular threat from Tiktok that's lot shakier. The White House has never offered ironclad evidence that can definitely get its hands on the data of Americans and Tiktok says it's shielded because none of the data is stored on Chinese soil. And most of its data on Americans is encrypted. That's said David None of those assurances are cooling the heat from the White House. All right, this journey continues NPR's. Bobby. Bobby thanks so much for covering it. You gotta thanks David.
Judge gives temporary reprieve to TikTok, allows U.S. downloads to continue
"An emergency hearing today on whether downloads of TIC Tac will be banned in the U. S. The judge says he plans to rule on the case tonight so we will keep you posted here at 10 10 wins, the Commerce Department's had said. Tic tac downloads will be banned September 20th that was delayed after the president tentatively blessed an agreement involving the company. It's Chinese parent company, Bite, Dance, Oracle and Wal Mart. A deal that tries to address security concerns about the APP. Wins news time. 1
"oracle" Discussed on WSJ Tech News Briefing
"Over the weekend we found out that Oracle has struck up a partnership with tiktok for the video sharing companies, US operations. We're still learning about how a potential deal would be set up, and we're also waiting to hear regulators on both sides of the Pacific will sign off on it but in the meantime we thought we'd take a step back. These two companies might seem like a bit of an unlikely pairing. So what to Oracle in Tiktok seen each other in the first place my colleague Aaron Tilly joins me to help us out with that Aaron thanks for joining me. Thanks for having me. Okay. So a lot of people might have heard the name Oracle are probably not so familiar with what it actually does. So can you just start by telling us a little bit more about the company? Yeah. So it's a decades old legacy player in the technology industry really got it. Start selling to the CIA and intelligence agencies in the US focusing on database technology. So this is how complex data's stored on servers and you know really important critical technology but really in the weeds, the infrastructure of an organization's technology stack and you know throughout decades, they became a powerhouse in selling these databases sit on a company's data center, and throughout the years they've expanded to business applications that sit on top of those databases things like you know, human resources are resource management, kind of software, but they're real core franchise are these databases and storing data now. Called relational databases Oracle isn't the only one interested in Tiktok. Microsoft was also in the running. So from Ted talks perspective, do we know at Oracle has that Microsoft was maybe lacking it wasn't so much what Microsoft was lacking. It was more about what the companies were asking in the case of Oracle. They were more lenient in more willing to be a technology partner. Whereas Microsoft had much more ambitious plans for tiktok in wanted to acquire all of it including. It's all important secret formula, which is this algorithms. Oracle's just focused on creating a cloud business and Microsoft has a very loud large cloud business. An oracle is seeing this opportunity to put themselves on the map plus Oracle has a pre existing relationship with the trump administration, right? Yeah it's it's unclear to what extent the relationship between or coal and the trump administration had. The final decision here it was bite dances decision deciding that Oracle was the winner but certainly, Oracle's relationship with the trump administration hasn't heard. It's CEO Saffir. Cats has been with the trump administration and partner at the trump administration since the beginning in all of this leads to generally good feeling about Oracle, from the trump administration and around this purchase. And what about from Oracle's perspective what they see Intech Talk? For, them it. They see this as an opportunity to kick start their cloud business. So this would be. TIKTOK putting its application on its data center infrastructure, all of its hardware and software that it rents out to third party companies that the cloud model this would be a key player to get going Oracle's cloud. So this for them is a way of kick-starting their cloud. So this is a play in that regard. and I wonder if you could contextualized this in what's happening in cloud computing right now who is Oracle competing with and could this partnership help get there? Yes, the cloud computing industry has been around for A. Couple of decades, but it's really starting to pick up these days. Amazon really pioneered the model of called the public cloud. were, they rent out their infrastructure that third parties way back in two, thousand six and they are by far the market leader they have above forty percent market share the next comer in the market shares Microsoft, with around eighteen percent and so oracle's really late coming to this and they're naive and fifth place in terms of market share in this business. So they have a long ways to go and Tiktok won't bring them probably anywhere close to where Amazon and Microsoft. Is, but it does give them a certain credibility and that gives them a really high profile name in that's important building. These kinds of businesses is to have proof points. They can point you can show customers and say, we know how to do this, and of course, this partnership between Oracle in Tiktok is by no means a sure thing. Can you just talk us through the potential hurdles from both Chinese and American regulators? Yeah. There's plenty right now we're waiting to hear. From the Commerce Department on what regulations they're going to set around an executive order that trump put out there few weeks ago. This is an acceptable to them. The Treasury Department has very been very involved and we need to see if the satisfies the trump administration's demands for this Tiktok issue and earlier trump had been saying that it had to be sold to an American company. In this case, it doesn't appear like Oracle is going by tiktok outright more be technology. Partner. So we need to see if that satisfies trump's demands as it relates to national security that he said, it was about an on the Chinese side. There wasn't export law from China a few weeks ago about the exporting and purchase of of Algorithm suggested Algorithms that talk owns that does not appear to be part of the deal with Oracle so that will likely satisfy China, but we'll still have to see if they're willing to let this deal go through it all. All right our reporter Aaron telling thanks so much for joining. US Yeah. That's it. For today's tech news briefing you can find more tech stories on our website at Wsj.com, and if you like her show, please do reading reviews in your APP store, it really does help I'm your host Llewellyn thanks for listening..
"oracle" Discussed on The Information's 411
"And Chris. One of the most watched deals in the cloud computing. Space in the last couple of years was a bid to win over the business for the Pentagon. It was an enormous contract that all of the major players Amazon Microsoft on down the list going for an Amazon was considered the huge front runner for it and it ends up going to Microsoft. I mean what just from the broadest perspective I mean what did that end up meaning at. How much of a surprise was it really that Microsoft One? It was a significant surprise. But at the end of the day be It'd been narrowed down the deal. I've been narrowed down from that wider field to just to players to to Microsoft and Amazon. But even at that point folks still thought that. Amazon would win because it had a history with the CIA. It had a big deal with the CIA to bring them up to cloud computing Capability in two thousand thirteen. It was six hundred million dollar contract. And and this is ten billion ten billion dollar contract so it's exponentially larger But in the background of course was president trump constantly. Criticizing Amazon and raising questions about why Amazon was the front runner so while people thought Amazon was going to win. The the sense that the president may have been interfering. wasn't put a little bit took a little bit of spin off the ball with Microsoft ended up with the with the contract which is essentially Part of Amazon's contention now About this wasn't really a fair game. This was rigged that this does end up going to Microsoft because the president kind of tip things in their direction. Yeah I mean that is the one of the core claims of of Amazon. Is that in fact that there's two corking leaves one. Is that the press that there was improper influence from the White House and the other one is that the Pentagon didn't properly Go through the right steps per evaluating the contract itself but we should probably give Microsoft. There do Not only was this. A big win for them. I mean it sounds to me like they have a pretty strong DC operation going. That would have lobbied pretty effectively on their behalf right. Not only that they certainly. They have a long history of of lobbying washing but also as yours a good product. It's it they can deliver lot of capabilities that the Pentagon was after the the the the Microsoft is totally credible contender for this contract. And so while Amazon's the market leader and had important things advantages when they started like a top secret clearance. It's not as if Microsoft didn't shouldn't be held as a reliable contender for winning this deal right and they've obviously had a huge presence in DC for probably longer than anyone right. I mean dating back to mean you've been covering this for for a long time like Microsoft's been kind of swinging around there since at least the nineties right well. Yeah I Microsoft wasn't around. And then I got sued for any trust violations and being a monopoly and suddenly they woke up and they have established probably one of the strongest. If not these strongest tech lobbying firm. Abb lobbying operations in Washington. They're no shrinking violet. Microsoft spends about ten million bucks a year that puts them right up with Amazon and apple and facebook. I mean not exactly but they're right there in the same ballpark there. Microsoft has a different philosophy about lobbying. They they are low key. They take a very reserved approach and for a long time. They haven't had a big fight like this they they did there any trust battle. They and they've taken a different attitude and other companies like Oracle for instance have a much different approach to how they lobby in Washington. Yeah Okay so you brought up Oracle. Let's let's go into what went on with them in this so they were not like you said one of the final contenders to win this contract. Why is Oracle's name even being included in this current narrative? Right now oracle was very aggressive and orchestrating a lot of the lobbying against the deal that from the very beginning the Pentagon said we WANNA have one on one entity is going to win this entire ten billion dollar contract Oracle and at the time Microsoft IBM and a few other companies were saying. Hey Pentagon don't do that. Let's break this up into smaller pieces so that there's multiple vendors and one of the reasons. They were arguing for that is. That Amazon was such a clear front runner that they'd they the only hope was they didn't expect to beat Amazon but they wanted to break off a little bit up to ten billion dollars for one of for themselves an oracle that that battle and had strong allies with other companies. Who who also wanted to enjoy a piece of the pie interesting so their argument is basically. We don't stand a chance to actually win this contract but if we can lobby against Amazon and break it up We might be you know. It's like the feeder fish. Exactly that's that's that's what it was. And because of that they ended up sort of lobbying alongside Microsoft. They was like an enemy of my enemy. Is My friend that together okay. Yeah that's exactly what happened and then and then about twenty twenty. Eighteen Microsoft Pentagon made it clear that MICR that they were Gonna go ahead and award it just one contract and Microsoft broke off from the rest of the crowd and said okay. If that's what you're GONNA do Pentagon fine. We're comfortable at one one one winner. Take all format really so. That's as far as the partnership between Oracle Microsoft went. Yeah I e Yeah. So is Oracle still. Are they still lurking around your? Yeah they absolutely. Are they have a lawsuit? That's continuing that they continued. They've lost it almost every level but then they continue to to appeal and appeal. And it's now in the federal appeals court and they're not giving up I mean they. They know that they're still a possibility. Because Amazon is is is is fighting this as well that there still could be a hope that the Pentagon says okay. We're going to go in a different direction. We need to get this up quickly. We're GONNA compromise. We're going to break off a little piece here and there are make everybody happy and just keep moving So yeah we should probably talk about the state of the challenge right now so. This is currently being litigated right. I mean it's in like the federal courts and yeah and what I mean. What's the current status so the current status is the the the Pentagon said to Microsoft? A federal court said to Pentagon Microsoft. You guys can't do any work on this contract till August seventeenth at the very least in the meantime. Pentagon has to come back to me and decide whether or not there's a little piece we won't get into it because the super technical about pricing you didn't do the pricing right and the Pentagon can try to address that But in making that decision the judge said that Amazon's challenge had a substantial chance of succeeding. So that sends a signal that the this whole thing is still a little bit in flux separate from that Oracle has its own lawsuit. That's making its way up through the courts In an effort to break up the fundamental contract itself. Gotcha okay and that I mean. What's the likelihood on that actually Going through I would say and I'm no lawyer but I would say that it's doesn't look good because they keep losing and having to appeal right. It's not a not a great sign a lot of momentum record sort of Owen three. Yeah not great. Although I don't know in this In this current era Owen three can still sometimes end up in a victory in the Supreme Court right. And that's true it's like you. Can you can losing losing losing gets Supreme Court and turns out you want and that's true at any time. Yeah so and what's interesting to hear is of course involves the relationships and coziness between the trump administration and some of these companies. How close is Oracle to the trump administration? You kind of get into that your story. Well so Saffir cats is a supporter of the president. She was served on his transition committee. She was rumored to be. You know non there. There's talk to her being treasury secretary in a couple of other positions Larry Ellison of course has had fundraiser. Fundraisers for the president so he our president thinks a lot about who is allies and enemies are so it doesn't hurt if you're on his transition team and you hold fundraisers for them right on the other side of that is Jeff Bezos who the president has made really clear. He doesn't like and a lot of that probably has to do with the back. That bezos personally owns the Washington Post which President Trump says has provided very unfair coverage of his administration. It's the Amazon Washington Post yet. Yeah and to be clear it's not. It's bezos visas. Washington Post. Yeah it's but the president doesn't seem to care about that yes something about nuance doesn't always get through to him. And I mean with the other players in here. I mean okay. So you mentioned Oracle has Microsoft done much I don't hear too much about their You know sparring with the administration and the way the other the other Microsoft and Nadal said this Microsoft said Oh we didn't we won this fair and square. We didn't play politics. Just not true. They they they were incudes with. Oracle they work side by side and a lobbying effort they sponsored events at a conservative think tank to promote the idea that the Djeddai contract should be busted up into multiple pieces. They but they play a different style of lobbying. Which is you know more traditional contact among lobbyists levels among lobbyists and lawmakers and that kind of regular old influence in game in Washington Which doesn't necessarily take hold with this administration. Which has much more like the see the personal affiliation but at the very top of the of the company with with the White House. Yeah it's all about. What have you done for me lately? How he operates so last question here. I mean with this being an election year and you know at the very least a coin flip that we could have a new administration or sorry that the Democrats would win in November What does that mean anything right now or any of these companies sort of looking down the line and thinking? How do we prepare ourselves for? I guess a Biden Administration and how they would handle this. If it's still in the courts well if I were Amazon. I'd be trying to drag this out at least through January twentieth because when if if the administration changes the dynamics of how the Pentagon reviews deal and what they decision making process can be. Re explored changes dramatically. Yeah and I'm not saying Biden and unbinding administration say Microsoft. You're out Amazon's in but it certainly doesn't hurt Amazon's position if there's a change in the administration and they're seen as an antagonist of the trump administration. Yeah it's kind of hard for it to get worse for Amazon With with With trump so right might as well give it a shot All Right Chris. This is super fascinating. let's Let's kind of follow this and I'm interested to have you back on. Like a couple of months he develops. Okay thanks a lot thanks.
"oracle" Discussed on Sports Radio 610
"Sales and let's see here read more all the distractions for more than one oracle group once you go in here and we get out now go forth and work harder they want to play off this year you have to realize that that's the difference we want to break free you can't live without you being there read this evening contemplate offering vehicle ballgame so did you want data plan that you play as hard as you can hear the great because if they'll be able to get there you take advantage of it I hear you Mike I think they the the nine as they made this name the slide you back at the the nose tackle position I think that may be the key to get back in the Super Bowl we have been defeated the original watch TV as one of the it's not about alternative in Michelle yeah I know you're getting ready for the Olympics next year good luck just give me a last and final word for if any of the athletes who are competing out there will want to aspire to get see a level what do they need to do I'll take it one day at a time and work on the small thing because we all have these big goals but when you get to a big goal is you lock out your small right that did go down not got your little small golden before you know it you'll be actor goal I love it that's that's great advice is a hell of a combination daughter and dad thank you much to Michael Carter Olympic silver medalist three time Super Bowl champ Machel Carter Olympic gold medalist and then shot put champion and it's just cool I have a a dad and daughter coach and and in relationship I love what you guys have done all the best to you Michael and all the best you Michelle as as you continue to get ready through everything going on in the world for the Olympics yeah well thank you very much I appreciate it is no doubt about it listen folks that the cars are amazing people make sure you go to a site devoted dot com you can also follow Michelle on Instagram at shot Deaver it's amazing what she's doing both the on the field and off they are hell of a combination a hell of a combo good luck to her she gets ready for next year's Olympic Games I hope it goes through she needs to go ahead and get some more goal when we come back after the break okay the NFL season the schedule supposed to be released on may ninth we're still expecting it but we might have a shortened season is that going to be good for the quality of football that we see is going to be good is it going to be bad are they going to be prepared we'll be more injuries we're gonna talk about it stay tuned as the J. R. sport we show here with you on CBS sports.
"oracle" Discussed on TechStuff
"The exoneration by saying well yeah it was copyrighted material but the way you used it is totally fair use oracle would file another appeal sating that the decision that this was fair use was based on an incorrect understanding of java and google's android platforms that it was framed in such a way that sounded like oracle's products are meant for pc's and google are meant for smartphones and they said well no there's a lot more of stuff in between those two things and that's where the real problem is so in march two thousand eighteen the us court of appeals for the federal circuit reversed this decision of the second trial stating that google's use of java api is did not constitute fair use and that oracle was in the right the case has now been remanded to a lower district court to determine what damages google does oracle and so the saga continues meanwhile let's jump back to twenty ten because that whole story stretch from twenty ten to current day it's still going but back in two thousand ten the us department of justice filed a complaint against oracle alleging the company had committed contract fraud the department of justice accused oracle of defrauding the united states government on a general services administration software contract that started in nineteen ninety eight and concluded in two thousand six now according to this complaint oracle had agreed to offer government offices the best discounts it offered to non government customers so in other words they said whatever the lowest price is that we're offering governments will get access to that lowest price if it's a special that we're running then governments will have that as the standard fee for our services and whatever the best possible prices the government will be able to take advantage of that so the complain allege that oracle had failed to do this and that the us government offices were overpaying for oracle products and services according to the agreement that.
"oracle" Discussed on TechStuff
"Well the brum was all of that stuff in theory at least belong to oracle now and the two companies google oracle couldn't come to a licensing agreement so oracle sued google for copyright infringement saying hey you're using our software our our product without our permission and you're using it to build com ca commercial apps and you're using it for your developers that's without our permission that's not cool google had used a programming platform it'd built on top of java functions so while google had its own developing platform it did have underlying java functions powering that so in the original trial the judge found that the java features in question were not protected under copyright he said well your argument can't hold oracle because these are not copyrighted ideas oracle appealed that decision and the court of appeals reversed part of that earlier decision saying that the features were certainly copyright able so the first judge had made a mistake saying no you can't copyright these and the appeals courts said no no those those are definitely protected by copyright but the court of appeals also gave google bit of wiggle room saying that google might have a viable fair use defense remember fair use is this idea that you can actually use material that's under copyright under certain circumstances and meeting certain criteria but all of those determined within the court of law you you can't just say fair use and you've got a magic shield that protects you from lawsuits it's rather you get sued then you have to make an argument that your use of the material falls under fair use and a court has to agree with that so this really just set up google's potential defense the so the second trial took place and then the jury of that trial decided that google did did in fact use the material out of fair use so in other words again oracle loses right google gets.
"oracle" Discussed on TechStuff
"Firing around five thousand to six thousand people so either just less than half or just more than half because peoplesoft had about eleven thousand people working for it when oracle purchased it and i saw differing accounts of exactly how many people were laid off but it was in the thousands and it meant that if you worked at peoplesoft there was a good chance you weren't going to be there very long or that half the people around you we're going to disappear pretty soon this was part of a larger move by oracle to reduce its workforce at that time the company also released a new version of its database software for free and they called it oracle database ten g express edition this was in two thousand five now this version of oracle's database software had limitations built in specifically to encourage customers to upgrade to the products oracle was selling while giving them a sense of what was possible using that software so it's kind of like breaks being put on the system they couldn't couldn't do everything that oracle's flagship software could do which makes sense it was just a way of sort of marketing to people as well as offering up a free database solution that did in fact work for smaller scale projects so if you were not running a big company you could use this database software effectively all by its own you didn't have to feel like you need to upgrade but for other companies it might just be a way of kind of previewing what oracle had offer in september two thousand five oracle announced that it would acquire siebel crm systems inc this was the company that was founded by former oracle sales executive thomas siebel in the early nineteen nineties you might remember i mentioned him during the last episode siebel had left oracle in the wake of its sales shakeup after that whole issue with hell sales was handling things and the incorrect reporting of revenues the deal was valued at five point eight billion dollars in brought cbo's customer relationship management software under the umbrella.
"oracle" Discussed on TechStuff
"Two to five times more than that if there's a hostile takeover which essentially puts the burden on whichever company takes peoplesoft over to make good on that promise so you would start off immediately with a huge payout you would have to make to all of peoplesoft customers oracle would sue peoplesoft over this poison pill staying that the company was ignoring shareholder desires through such maneuvers saying hey if shareholders want to sell to us you shouldn't discourage it by having this other measure in place because then you're hurting your shareholders peoplesoft response was look this move is good for our customers which in the long term means it's good for our shareholders so things got pretty ugly the united states department of justice also got into the act they filed a lawsuit against oracle a complaint against them anyway and stay that if oracle were to acquire peoplesoft it would be in violation of antitrust laws effectively they were saying oracle would create a monopoly in the market this was something else peoplesoft had suggested was a possible outcome and a reason why oracle should not be allowed to take over the company a federal judge would later throw this case out saying that the department of justice had failed to make its case that they failed to give evidence that this would actually be violation of antitrust laws around that same time oracle changed up the structure of its executive leadership the company had the ceo and chairman roles combined before but at this point decided to split them up so ellison would remain the company's ceo and a director of the company and jeff henley became the chairman of the board of directors after about two years of ugly battles in and out of courts oracle eventually acquired peoplesoft for the princely sum of about ten point three billion dollars afterward in blaze of the former peoplesoft got their first taste of how things we're going to change because oracle laid off about half of people sauce workforce.
"oracle" Discussed on TechStuff
"Oh and there was another thing that happened in two thousand there was an event called trash gate at least later on it was dubbed that let me set the grounds for this because it's kind of a juicy scandal so oracle's arch enemy in the market was always microsoft microsoft was the number one largest software company in the world and ellison always wanted oracle to overtake it and he was always pushing for that to to take that spot away from bill gates's company now at the time microsoft was in the middle of a massive antitrust lawsuit over i do an episode at some point to really dive into that lawsuit in detail in explain what what was happening in why it was important but anyway the important thing was that microsoft was financially funding several groups that were lobbying on the company's behalf and oracle wanted to do some investigation here and try to kind of counteract these groups influence on the outcome of this antitrust lawsuit so they hired an investigative firm to look into those groups and the efforts went so far as to offer up essentially a reward for handing over the contents of wastepaper baskets to see if there were any evidence there the groups were working to influence the outcome of the case thus the term trash gate now that didn't reflect well on either microsoft oracle oracle's acusations that microsoft was using these groups in the way to try and get a better outcome for this antitrust loss.
"oracle" Discussed on TechStuff
"And so he went on to found a new company called siebel systems which ended up going into direct competition with oracle this will become a familiar theme one of the most interesting things i find about oracle's history is that larry ellison has this history of alienating some of his top executives whether it's because they were not a good fit for oracle or because of personality conflicts or just because of who ellison is as a person i cannot speak to but it is interesting to see how many of them left oracle to go and either join another company or found a company that would go into direct competition with oracle it's almost as if saying larry ellison has upset me so much that i need to try and take him down and that's probably putting words into other people's mouths but that's the implication i get because the story happens over and over again the following year nineteen ninetyone was more of the same with more instances about bad accounting piling up in fact oracle would have to restate its earnings again for the fiscal year ending may thirty first nineteen ninetyone so for the year ending nineteen ninety in the year ending nineteen ninetyone they had to restate their revenues two years neuro not good it was rumored that the board of directors was even considering firing larry ellison but the board was pretty small in fact there are only four people sitting on it at the beginning of all this mess there was bob minor one of the co founders of oracle there was dawn lucas and there was arnold silverman who would leave the board during this time and would be replaced by a guy named joe costello joe costello was brought in specifically as the outsider board member the idea that this was a guy who could stand up deliri ellison because he didn't have any fear of the man he didn't have any he wasn't beholden to him at all and so castillo and ellison would end up facing off against.
"oracle" Discussed on TechStuff
"Wjr that executives at oracle flatly denied they said this was not intentional it was not at all a case of us trying to inflate the stock price the what was going on was definitely a little hinky there were instances of the company recording orders as actual sales so imagine that you walk up your salesman and or sales person i should say your salesperson you walk up to a potential client you have a discussion with that client and you have a handshake that says the clients really going to think about purchasing your product and you go back and you record that as an actual sale well that would be disingenuous because the client has not really put any money forward they haven't agreed to anything so for you to call that a sale to boost your numbers would be unethical part of the allegations were that that was what was going on with oracle although oracle said no it wasn't intentional it was that we had these these promises to purchase our products that were being counted as sales because it was all taken in good faith but no sale had yet taken place and there were other examples of clients apparently being double build such as when a client would pay for an upgrade and oracle would issue a new invoice for support services without cancelling the old support services invoice from before the upgrade so essentially this client is being invoiced twice for support services now they shouldn't have to do that because while you are upgrading and you have to pay for the upgrade the support services should remain pretty much steady so you would cancel the old invoice us the new invoice to indicate this is for the upgrade services but you wouldn't bill the client twice you wouldn't continue to give them support for both the old version and the new version so that was an issue there are also cases of clients who had returned products to oracle for a refund and the company just never cancelled.
"oracle" Discussed on TechStuff
"Sixteen million new colored jobs will be created by twenty twenty four to help fill them ibm's new education model gives high school students workplace experience and an associate's degree ninety p tech schools are already preparing graduates for tomorrow's stem careers let's put smart to work find out how at ibm dot com slash p tech get in touch with technology with tech stuff from how stuff works dot com hey there in welcome to tech stuff i'm your host jonathan strickland i'm an executive producer with how stuff works in the love all things tech and in the last episode we were talking about the oracle story we're going to continue that with this episode we will not finish the oracle story with this episode because the company's been around for a while and there've been a lot of things that have happened with oracle both good and bad and so we're going to really dive into some of the more tumultuous years at oracle the the period of the nineties were really really big for oracles history very important years years where oracle could've gone away if things had turned out slightly differently and also just as a reminder that we're going to publish tech stuff more frequently for a little while at least kind of doing an experiment you guys are going to get a episodes on a much more frequent basis they might be a little shorter but you're going to be getting a lot more frequently so we're excited about this i can't wait to really experiment with it and see how it works and here you guys feedback looking for all that but let's jump into oracle story part two now in that last episode i mentioned that oracle had made a bit of a boo boo in nineteen ninety which is an understatement it was a problem that had some people wondering if the company that had a meteoric rise was going to be on the verge of collapse so what was going on will it turned out that the company had been regularly misreporting revenues for the fiscal year that ended on may thirty first nineteen ninety four at least three quarters because the first quarter of that year apparently there were no problems but for at least three quarters the company had made errors which led some people to suspect that people were purposefully misrepresenting their earnings in an effort to drive up oracle stock prices now that was charge.
"oracle" Discussed on TechStuff
"Hours it could keep earning money from those same customers by explaining to them how to use their own products which is pretty much genius in fact this was a top revenue generator for oracle is not just selling the product but selling ongoing support for the product in nineteen eighty nine the company was outgrowing its home base and so it relocated to redwood shores california it launched a subsidiary company called oracle data publishing that was all about getting hold of data and then distributing it electrically and the company sought out new industries and branches of computing to expand into including supercomputers the following year would end up being a tumultuous one for oracle which had to make for a pretty ugly admission for a company all about crunching numbers because the company turns out it had misrepresented revenues whether on purpose or back sent it was not a pretty picture and that's how we're going to start our next episode of the oracle story talking about this massive controversy that the company encountered early in its history and what it had to do in order to climb back out again in fact it was so bad that there was a real danger of oracle going away and not surviving now as it turns out oracle still around today so you kind of know things workout but back then people weren't so sure now if you have suggestions for future episodes of tech stuff i welcome you to write me and let me know what they are the email address for this show is tech stuff at how stuff works dot com or you can drop me a line on twitter or facebook the handle for both of those tech stuff h s w remember we have an instagram account you can go and follow us there and see all the behind the scenes stuff and some other interesting things also remember i broadcast my recording sessions live on twitch dot tv slash tech stuff just go there you'll see when i tend to stream it's on wednesdays and fridays but.
"oracle" Discussed on TechStuff
"Bought it at it's three hundred and twenty four shares of oracle at forty six dollars which means your fifteen dollar investment would turn into fourteen thousand nine hundred four dollars not bad not bad to go from fifteen to fourteen thousand bucks almost fifteen thousand bucks now oracle clients were pretty huge which makes sense not a lot of smaller organizations had real need for the robust databases oracle had to offer instead oracle's products were appealing to bigger organizations and companies industries like pharmaceutical companies aerospace companies tech firms automotive corporations those were among oracle's top clients in one thousand nine hundred seven oracle launched a new division in the company it was called the applications division and it initially had just seven employees working in it their job was to put together application software to integrate various function with the database software to make it easier to run routine tasks for large organizations essentially the thought was that the database software gave organizations a lot of power to analyze their data but they still had to develop their own tools to put that that to us so oracle was getting into the business developing applications that would do that for these companies oracle didn't just rely on inhouse teams to do this the company also acquired a company called tci the built project management applications the in house team got to work building on and accounting module that integrate with oracle databases and this was the beginning of oracle creating a suite of software applications that could work closely together branching out from being a purely database focused company oracle also launched a consulting service to offer support to clients helping them best understand how to leverage oracle software so now not only could the company sell its products to custom.
"oracle" Discussed on TechStuff
"Reputation of being valuable and you don't avoid investing because the entry prices too high right you've lowered the entry fee to buy stock by making the stocks half as expensive so you might have small investors out there who would jump on shares of oracle but if it's too expensive they're like i just can't buy a forty dollar stock that drops down to twenty i can buy that then you get more investors so that's one of the reasons you might do it you might do it to try and encourage more trading to encourage more small investors and you're also doing it in an attempt to continue growing so while you initially reduce the price of those shares by half they can still climb up as the company does well so that means the stock price can increase over time so over the course of oracle's history it is actually split its stock ten times six of those were two for one stocks which meant if you held stocks and oracle the number of shares would double each time it has a two for one split but four of the splits where three four to stock splits meaning that for every two shares you held you would get a third one or if you prefer for each share you got one and a half shares right so if you bought one share of oracle in nineteen eightysix for fifteen dollars after all the stock splits you would actually end up with three hundred twenty four shares of oracle right because of each of the times they split your number of shares would increase so if you add up all the different ten splits that one shared turns into three hundred twenty four shares and it's not three hundred twenty four shares at fifteen dollars which is what you.
"oracle" Discussed on The Cloudcast (.net) - Weekly Cloud Computing Podcast
"You know he always kind of highlights amazon web services as as the thing that in some cases he wants to make comparisons to you know we're going to be less expensive we're going to be faster and but on the flip side and amazon's you know cloud is built a certain way right it was sort of built from from early on to be around um you know sorta cloud native applications and built on the web applications and and they've had to evolve um you know to to do more enterprisees stuff oracle as a company not in this much your group it as a company has huge installed base of you know oracle databases article applications customers have a certain expectation of you know kind of how those working and i know oracle is is also always said hey we're very interested in helping customers move applications to the cloud what kind of guidance did they give you as you were you were building out this this new you know like you said bear metal cloud of the time cloud infrastructure now like was there guidance that said hey you have to skew at more towards being able to to migrate existing applications was it you know target more new applications like how you go about thinking through that kind of architecture when you have two very different types of applications polling at what could be architecture yeah i bet virga question and i'll i'll try to give you the perspective then as well as kind of how that perspective has evolved over time so um you know having been an in aws uh and not just me there's a lot of people who work here who early people and amazon web services um the original designed point was you know a couple of people in a dorm room and so uh that's typically focused on new applications that you don't have a lot of legacy and you can do things a new way um the the huge the huge thing i wanted to focus on when i came to oracle was you know you yes oracles the specific company an oracle has a long history of database custody cetera but the market that i feel like it underserved that the vast majority of service i computing.
"oracle" Discussed on Let's Talk Bitcoin!
"So we looked at the status of the lighting network i don't think there is any working version of the lighting network at that time there were some papers there may have been some initial repositories that had some half working code but it wasn't something we could just pluguin and use it was easier for us to just read the papers figure out how to build it and just bill that ourselves and so that's what we did so we just started building our own l to also our technologies entirely webbased so it wasn't it wouldn't even be possible to use the other implementations that have been created because none of them are built in java scriptled powers so we needed something web ac we needed it to to work in and it was easier to build it on their own so is similar to the lighting network with a few caveats so it has a centralised architecture where we have a something we call the oracle you can think of his being like a trust list payment channel hub everybody opens a channel to the oracle were to or from the oracle the oracle does not have access to anybody's money though you can think of it as being similar to the lighting network but with one note the so the oracle can't spend your money or anything like that but it does solve this problem of radically decreasing the number of channels that have to be open users don't open channels directly to other users the open a channel to the oracle sir always one hop away from that other user you wanna make a payment to you this is important because otherwise you'd have to open a channel to everyone you want to pay which which is actually expensive we made a decision early last year when we started this to not base our technology on segue it did their implementations of it that exists it but it wasn't live on bitcoin it was very unclear how long that would take.