Published On: Mon, Nov 2nd, 2015

Larry Ellison thinks Michael Dell is ‘brilliant’ for buying EMC and will ‘make billions personally’

Computer Technology Leaders Speak At Oracle Open World Conference

 

Oracle’s billionaire founder Larry Ellison has nothing but high and heavy praise for Michael Dell and his pending acquisition of EMC.

Though he also says he’s heartbroken that he can’t snatch EMC away from Dell.

“I think it’s brilliant. My friend Jim Davidson and my friend Michael Dell have done a spectacular job in engineering that EMC deal, ” Ellison said when a Wall Street analyst asked him about it on Thursday. (Davidson is a managing partner at private equity firm Silver Lake, the major financier of the $67 billion deal.)

“They are all going to make billions of dollars, ” Ellison said. “Michael is going to make billions personally. So hats off to them. Its a fabulous, fabulous deal.”

Ellison made the comments during a Q&A with Wall Street analysts on Thursday, during Oracle’s huge tech conference that took place this week in San Francisco.

Read the full story at Record Net, by Steve Marcus 

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