Oracle wanted to buy RIM, gave up on price

Oracle wanted to buy RIM, gave up on price

FP Archives December 20, 2014, 07:52:16 IST

Oracle Corp Chief Executive Larry Ellison said the software maker had considered building its own smartphone to compete with Apple Inc and Google Inc.

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Oracle wanted to buy RIM, gave up on price

San Francisco: Oracle Corp Chief Executive Larry Ellison said the software maker had considered building its own smartphone to compete with Apple Inc and Google Inc, but decided it was a “bad idea” after a weeks-long cost and market analysis.

As part of that exhaustive internal analysis, he said, Oracle had pondered at one point buying Blackberry-maker Research in Motion Ltd and Palm – a smartphone maker scooped up by Hewlett Packard Co.

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On the second day of a legal battle between Oracle and Google over Java patents used in Android mobile software, Ellison added that Oracle felt it lacked in-house expertise on smartphones and hence considered acquisitions. But it ultimately decided to abandon the idea.

Reuters

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