Oracle's last two crap quarterly earnings can most definitely be described as the chickens coming home to roost. The core of the problem is that Oracle lacks anyone who can have a big idea, and a sales machine won't produce the results that investors are accustomed to unless they have something to sell.
The Sun acquisition was a mixed bag: Oracle leapt from the low-cost, high-margin business of software sales into the high-cost, low-margin business of hardware sales just as the cloud era kicked off in earnest. That had to be fun for investors. What was even more fun was what investors were unable to see: that Oracle failed to capitalize on the most important part of Sun.
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