Techno-News Blog Ray Schroeder, editor, OTEL - University of Illinois at Springfield |
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Friday, June 15, 2001
Oracle cuts database price in half REDWOOD SHORES, Calif. (AP) - Oracle Corp. slashed the price on its database software by nearly 50% Thursday in an effort to thwart recent advances by rivals IBM and Microsoft Corp. The price cut comes amid growing concern that Oracle has been losing business in its biggest market under a 1-1/2-year-old pricing formula that charged customers more for database software as their computer processors became more powerful. With Thursday's switch, a customer that paid $326,000 for Oracle's main database product a month ago would pay $160,000 under the new plan, said industry analyst Betsy Burton of the Gartner Group. "This is the right thing for Oracle to do. It moves Oracle into a better position with its customers," she said. Full article at: http://www.infobeat.com/fullArticle?article=408353035
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