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by somewhereoutth
102 days ago
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Indeed. And not only that, all this capex has wrecked their balance sheet. They were in the software licensing printing money business, now they are in the burn huge amounts of money building data centers hoping someone will use them business. Even if people did use them, the margins aren't that great anyway - especially compared to their former software business. |
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I mean what do you expect them to do, I'm sure the OracleDB exodus has been long ongoing and they probably saw the writing on the wall years ago