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Oracle is paying $5.3-billion (U.S.) to acquire Maryland-based Micros Systems.
Oracle is paying $5.3-billion (U.S.) to acquire Maryland-based Micros Systems.
(PAUL SAKUMA/AP)

Oracle deal does little to get its feet in the cloud

Oracle’s $5.3-billion (U.S.) deal for Micros Systems provides a cloudy forecast for shareholders in the database giant. Even if it’s the start of a new deal binge by chief executive officer Larry Ellison – which is possible – it’s not at a crazy valuation. But long-time partner Micros is more of an add-on than a way to supercharge Oracle’s effort in the cloud.