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Edition: U.S. Article Comments (0) Email Print Reprints Read BP to conduct test to show if Gulf well dead 18 Sep 2010 Analysis: Swedish government seeks way to exclude far-right 19 Sep 2010 China media warn Japan over escalating sea row 1:59am EDT Facebook denies plans to build its own phone 19 Sep 2010 Dollar eases and gold hits peak as markets await Fed | Video 3:15am EDT Shared Will you take this bride, in sickness and with surgery? 17 Sep 2010 Hackers hit Hollywood's piracy watchdog 19 Sep 2010 New York's $25,000 dessert sets Guinness record 07 Nov 2007 SCENARIOS-Elections, courts and California gay marriage 26 Aug 2010 "Very large" Hurricane Igor pounds tiny Bermuda | Video 19 Sep 2010 Watched Soros: Gold "not safe" Wed, Sep 15 2010 Apologies and prayer for Pope in UK Sat, Sep 18 2010 The week ahead Fri, Sep 17 2010 NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Oracle unveils new hardware for managing cloud computing Tweet This Share on LinkedIn Share on Facebook Related News Oracle shares hit 9-year high Fri, Sep 17 2010 Oracle shares hit 9-yr high on robust tech spending hopes Fri, Sep 17 2010 Oracle profit beats Street forecasts Fri, Sep 17 2010 UPDATE 3-Oracle profit beats Street forecasts, stock jumps Thu, Sep 16 2010 RPT-PREVIEW-Oracle expected to present new exec Hurd Wed, Sep 15 2010 Analysis & Opinion With all eyes on Hurd, plenty of praise for new employer Oracle shows off art of war by hiring Mark Hurd Related Topics Technology » Hot Stocks » Asian Markets » By Gabriel Madway and Noel Randewich SAN FRANCISCO | Sun Sep 19, 2010 11:52pm EDT SAN FRANCISCO (Reuters) - Oracle Corp, the world's No. 3 software maker, unveiled a new all-in-one product to help companies manage so-called "cloud" computing. Chief Executive Larry Ellison opened Oracle's annual technology and user conference on Sunday by revealing Exalogic, which combines server, storage and networking technology with Oracle's software, that companies will use to run their business applications. Oracle competes with European software giant SAP AG and International Business Machines (IBM) in the business software and database products markets. It also vies with hardware vendors such as Hewlett-Packard after a multi-billion dollar purchase of Sun Microsystems earlier this year. Ellison attempted to wrest control of the term "cloud," a word that's meaning is the subject of much debate, as he described Exalogic as a "cloud in a box." "The whole idea of cloud computing is to have a pool of resources that is shared amongst lots of different applications inside your company," he said. He said Exalogic takes advantage of virtualization technologies and is elastic enough to meet surges in demand for computing power within companies. Ellison hopes to double the size of Oracle's hardware business, taking share from IBM and others. BACKDROP OF DRAMA The OpenWorld conference -- which attracts more than 40,000 people -- is expected to feature more drama than in years past because of Mark Hurd, the recently ousted CEO of Hewlett-Packard, who Ellison has just hired as president. The move prompted HP to sue Hurd, and Ellison to fire some harsh words HP's way. The two companies have been partners for more than two decades -- with more than 140,000 joint customers -- but the relationship has appeared strained. The spat did not prevent HP from making a high-profile appearance at the Oracle conference, although Ellison did not appear on stage with any HP executives. Ann Livermore, who runs HP's enterprise business, had been scheduled to speak at OpenWorld long before the Hurd controversy erupted. Livermore noted how connected the two companies' businesses are. HP has roughly 12,000 IT services employees who do nothing but work on Oracle systems, she said. Oracle's software runs on HP servers and storage products, but the companies are now competing more directly, as Oracle pushes into the server market. Oracle on Thursday reported better-than-expected net profit and sales, helped by strong demand for its new business software and faster-than-expected growth of its new hardware business. Hurd was named co-president of Oracle on September 6, replacing Charles Phillips. Oracle shares surged when his hiring was announced. (Editing by Dhara Ranasinghe) Technology Hot Stocks Asian Markets Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. 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