Stock Market Watch

HP Ditching Oracle

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Hewlett Packard (NYSE:HPQ) is about to sign up with salesforce.com (NYSE:CRM) to use a software that is used for dealing with customer relationship management. This is bad news for Oracle (NASDAQ:ORCL) who is the owner of the current manager for Hewlett Packard (NYSE:HP). Seibel by Oracle (NASDAQ:ORCL) will be completely stopped from being used.

The mega deal is for more than 40 thousand seats. This is a huge loss for Oracle (NASDAQ:ORCL) and will probably follow a few lawsuits. Salesforce.com inc. (NYSE:CRM) is organizing a cloud computing event called as Dreamforce 2010 on Dec 6. The official announcement will be made at this event at the event.



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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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