Amazon fires back at Oracle's Larry Ellison: 'No facts, wild claims, and lots of bluster' (ORCL)

Amazon doesn't think much of Larry Ellison.AtOpenWorld, Oracle's annual user conference, Ellison, the company's chairman, spent much of his keynote touting the company new database and bashing Amazon's rival product. To hear Ellison tell it, Oracle 18c is not only faster, cheaper, and better thanAmazon's Redshift database, it can do things that Redshift can't do.Amazon begged to differ on Monday. Arepresentative for the company's Amazon Web Services cloud unit not only called Ellison's claims "factually incorrect," but accused him of being full ofblarney."Most people know already that thissounds like Larry being Larry," the representative said. "No facts, wild claims, and lots of bluster."One of the chief bones of contention was Ellison's claim that Amazon'sRedshift database isn't "elastic."Elasticity refers to the ability to quickly and efficiently adapt to different sized workloads.Contrary to Ellison, the AWS representative insisted that Redshift is indeed "elastic.""Customers can resize their clusters whenever they want or can scale compute separately from storage," the representative said.In addition to bashing Amazon, Ellison used his time on stage to tout Oracle 18c, a new autonomous database. With those two things together, Ellison made one thing clear: Oracle considers AWSto be its biggest competitor.While AWS is the industry leader in cloud computing, Oracle has long-held the reins in databases. In 1979, Oracle became the first companyto commercially release what's known as a relational databasenow the industry standard.AWS released its first database product, the Amazon Relational Database Service, in 2009.Amazon's database service can be used on top of Oracle's database.Oracle's dominance has slipped in recent years, as AWS's developed a reputation for having cheap and quick cloud and database offerings, and Ellison has started to address the growing threat from Amazon. His OpenWorld keynote last year wassimilarly focused onhow Oracle's cloudis better than Amazon's."You know when I'm talking about Amazon, I'm being nothing but fair. You can count on that," Ellison said at the time.Whether or not customers agree is of great monetary importance to Ellison. He and Oracle's co-CEOs, Safra Catz and Mark Hurd,are under tremendous pressure to increasethe company'scloud revenues and raise its stock price to $80 a share. They will only receive their stock awardswhich represents the bulk of their compensationif they meet their goals by 2020.So far, it's not looking good. Following a disappointing quarterly forecast on September 15, Oracle's stock price plunged8%,and it has yet to recover.SEE ALSO:Larry Ellison's slide clicker failed during his Oracle OpenWorld keynoteJoin the conversation about this storyNOW WATCH: I won't trade in my iPhone 6s for an iPhone 8 or iPhone X ' here's why
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