Sources Say Oracle In Final Stages Of Advanced Micro Devices Buyout, Seeks Hardware Play On VR/AR
Sources in Silicon Valley say ORACLE's brass has been meeting with AMD’s management, stating ORACLE is seeking a way to diversify offerings. The Redwood, CA software giant’s own hardware revenues and profits have contracted since 2010. To capture future value from VR/AR and to take on INTEL, ORACLE needs a separate brand that already has great products and a dedicated following.
AMD shares are trading at a level last seen in 2012. The company is gaining momentum, has great products, is in a field set to be the foundation for the next leg-up in technology advances, and the management is not exactly Grade-A (per the perceptions of various traders willing to pontificate when asked what AMD’s biggest weakness is).
The hardware game is strong and its future for VR/AR is bright. Analysts are bullish on not only PCs (which may be showing signs of demand from either channel-stuffing or end-users, still hard to tell) but also gaming consoles and potential VR/AR platforms. There is a whole new realm of mass-market potential for new hardware to operate VR/AR and Oracle's "difficult" past with hardware has left the firm seeking a way to position itself for these new opportunities