In an interview to The Wall Street Journal, Oracle chief executive Larry Ellison said that he is setting a new course for Oracle that includes hiring 2,000 sales and engineering employees and developing a line of high-end computer systems.
A group of Los Angeles investors also bid $1.2 billion for the team.
Both are facing growing pressure from new rivals selling cheaper services.
The company is looking to support its hiring campaign through innovative social media initiatives, using platforms like Twitter, Facebook, Linkedin, YouTube and the Oracle HR blog.
Oracle plans to hire 3,500 people by may 2012. Merril Diniz of Careers360 tells you what you need to know to land a job at Oracle India.
The statement of objections was regarding the combination of Sun's open source MySQL database product with Oracle's enterprise database products and its potential negative impact on competition in the market, Sun Microsystems said in a filing to the the US Securities and Exchange Commission.
Hewlett-Packard Co sued its former chief executive Mark Hurd to block him from joining rival Oracle Corp as a senior executive, alleging the hiring breaches his exit agreement and will lead to a transfer of technology giant's trade secrets to a competitor.
Larry Ellison, the top-paid US CEO got a salary of Rs 8,587 crore ($1.84 billion) during the last decade. Check out the other top earners. . .
The two companies, which have a significant presence in India, together employs more than 26,000 people in the country.
Oracle India Pvt Limited, a subsidiary of leading enterprise software company Oracle Corp of US, has identified the vast small and medium market in the country to boost revenue growth.
The Siebel acquisition, expected to close early 2006, affects about 4,000 customers.
Oracle Corp., the world's No. 2 software maker, said on Friday it offered to buy rival PeopleSoft Inc for $5.1 billion, four days after PeopleSoft offered to buy another rival, J D Edwards & Co.
Oracle Corp, world's number two software company, plans to hire about 2,000 lower-paid software developers in India in the next two years.
Oracle Corporation will recruit 250 people in India every month and is to increase its penetration in the sub-continent even as the enterprise software major is scouting for acquisitions in India to enhance its product portfolio.
Oracle Corp.'s bid to buy rival software maker PeopleSoft Inc on Friday for $5.1 billion could spark moves by bigger players hoping to carve out a larger piece of the market, analysts said.
8 CEOs on the list are female, and they far outpace the median pay for the Equilar 100 as a whole
Tim Cook is joining the roster of the very rich donors.
The trial was closely watched by software developers, who feared an Oracle victory could spur more software copyright lawsuits.
Google has a lot of experience with legal troubles over intellectual property.
He will become executive chairman and continue to be chairman
Bribe for Goa project estimated at $976,630
Ellison and the two new co-CEOs each stressed that nothing would change under the new management structure, with Ellison staying on as executive chairman and chief technology officer.
The reason for the windfall: the soaring value of their stock awards.
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