Oracle customers can gauge the time of year by the flurry of sales calls, account manager contacts, and discount offers from the tech giant leading up to its financial year end on May 31. While it may be an opportunity for customers to secure discounts on software purchases, Oracle also employs tactics such as pressure … Read more
Oracle Corporation’s stock price has increased by 134% in the last five years, with an 11% rise in the last three months. This positive trend could be attributed to the overall market strength, which has seen a 5.6% increase in the same time frame. The company’s earnings per share (EPS) grew by 6.7% annually over … Read more
Renowned tech billionaire Larry Ellison envisioned a future in medicine that would rely not on guesswork but instead on cutting-edge generative AI technology. His inspiration came from a doctor’s office experience where he received a prescription based on age, sex, ethnicity, and family history, which he considered to be a mere estimation. Ellison shared this … Read more
Oracle Corporation took a significant risk when they acquired Cerner Corporation for 28 billion dollars, aiming to revolutionize healthcare by integrating Cerner’s electronic medical records system with Oracle’s AI models. However, the implementation of Cerner’s system has been associated with patient deaths, posing a serious liability for Oracle. Cerner’s electronic health records (EHR) system, utilized … Read more
Renowned investor Warren Buffett recently disclosed his latest portfolio update for the first quarter of 2024. The update revealed that Berkshire Hathaway’s sales exceeded purchases for the eighth consecutive quarter, indicating a lack of potential investments meeting its criteria. Buffett’s portfolio now consists of 41 stocks worth more than $331 billion, slightly down from the … Read more
Larry Ellison, the founder of Oracle, made a staggering $28 billion bet on revolutionizing healthcare. Despite this massive investment, there are reports of numerous patient deaths in healthcare systems using Oracle’s technology. The question arises – why are so many patients dying despite Ellison’s ambitious efforts? Ellison’s vision was to leverage Oracle’s cutting-edge technology to … Read more
Oracle Corp.’s digital medical records business, now known as Oracle Health following its acquisition of Cerner Inc. two years ago, has been experiencing a decline in U.S. market share. In 2023, Oracle Health lost hospitals and other acute care facilities totaling 15,392 beds, a significant increase from the previous year when it lost facilities with … Read more