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Oracle extends cloud offerings, looks to compete with Amazon.com

 

Oracle Corp founder and Executive Chairman Larry Ellison said his database company is expanding its cloud-computing offerings, bringing Oracle into more direct competition with Amazon.com Inc.

"We're prepared to compete with Amazon.com on price," said Ellison in a webcast presentation on Monday, after announcing that Oracle would offer online storage and capability for customers to run their applications entirely in Oracle's cloud.

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