Oracle to cut 1,000 European jobs

Oracle plans to lay off up to 1,000 workers in Europe, or about one per cent of its global staff, as the recession erodes the giant software compans earnings, it emerged yesterday. The world’s second biggest listed software maker would be one of the last major technology companies to undertake significant layoffs in this economic downturn.

Source: http://www.cityam.com

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National Bank of Cambodia to implement Oracle Flexcube

National Bank of Cambodia is to implement Oracle's Flexcube core banking package as it bids to modernise the country's antiquated financial system.

The central bank will use the system to automate operations across deposits, loans, foreign exchange, money markets, securities, funds transfer and asset management.

Thai Saphear, head of the governor's office, National Bank of Cambodia, says: "We see technology as a key enabler in the modernisation of our financial system and are taking steps to deploy a core banking system that provides a platform for effectively and efficiently managing growth."

Supported by the Asian Development Bank, the implemenation project will be led by Oracle in association with local companies interFlex and Neeka.

InterFlex will provide National Bank of Cambodia with environmental software and implementation services for the core banking implementation. Neeka, part of the Thakral Group of Companies, will provide the hardware infrastructure and support services for the project.

Source: http://www.finextra.com

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Why Oracle will continue to win

I was somewhat shocked by the stellar results Oracle recently reported, considering the sorry state of the economy. I even called an analyst friend to find out if maybe there was some house of cards ala Computer Associated that explained the consistent rise in revenue and margin. But I was reminded of two simple facts explaining why Oracle remains dominant:

1. Applications drive database sales
2. Oracle owns pretty much everything

Oracle's acquisition streak has given the company an enormous breadth of offerings (say what you will about quality of the software) and the attempt at offering it's own Linux variant gives it an OS that's passable if not meaningful. But, I don't know that owning the operating system is important to the growth of sales in applications or databases. (Note: Matt Asay wrote a very good post about why Ubuntu should be Oracle's Linux of choice.)

Oracle applications and databases have to run on an operating system, but the operating system doesn't necessarily drive software sales, or sell databases. The OS may be a point of influence, but doesn't drive the dollar values that you get from software.

Meanwhile, Oracle has amassed such a wealth of software that it can not only drive it's own database sales through upgrades and replacements (JD Edwards or Siebel running on DB2 seems unlikely) but it can up-sell databases to customers of BEA or any of the other myriad applications it now owns.

Add MySQL into the equation and Oracle can sell you a database pretty much anytime for any purpose, to support any application (which you can probably buy from them too.)

This leads into some questions regarding Cisco's strategy, based on the idea that hardware should sell applications, as well as IBM's strategy, where services have often sold software and hardware. The future is of course a mix of all of these strategies, but it's not clear that another company is as well positioned as Oracle.

While certainly not unstoppable, Oracle's execution has been very impressive, especially in a down economy.

Author: Dave Rosenberg @ http://news.cnet.com

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