I went to go look for evidence of oracle dying and actually came up empty handed. I was also under this impression. I think it has waned significantly in popularity in the developer community over the years, but their stock isn’t bad at all and they seem to have diversified quite a bit in the time they’ve existed.
Oracle doesn't even seem that patent happy these days. They seem to have got burned by their experience with the Java patents (all useless, case revolves now around copyright).