Oracle and Microsoft To Announce Cloud Partnership Monday

symbolset writes "While some might liken the deal to the Empire joining up with the Trade Federation, there may be some interesting outcomes for this one. On Monday Microsoft and Oracle are expected to announce a 'cloud" partnership'. Although the two companies often seem to be at odds, two of their founders — Bill Gates and Larry Ellison — are partners in charity in the 'giving pledge.' Is this the beginning of a beautiful friendship? 'Oracle is battling an image not of growing up, but of growing old. On Thursday the company announced lower than expected earnings, which it ascribed to a tough economy overseas. Cloud-based software grew well, but remains a small part of its overall revenue. The company also said it would raise its dividend and announced a big stock buyback, behaviors usually undertaken by tech companies when they begin to grow more slowly.'"

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