Boston, MA 10/14/2013 (wallstreetpr) – Behind the successful cost cutting strategies at Oracle Corporation (NYSE:ORCL) is the company’s CEO Mark Hurd. For this reason, Hurd is admired beyond his company and one such admirer is Microsoft Corp. which is in the search for new CEO to replace Steve Ballmer who has announced intent to leave the company later in the year.
Why would Microsoft be interested in ORCL’s CEO? Well, the man is a cost-cutter and this makes a lot of business sense in the current slow economy in the cutthroat tech industry. Another thing is that Hurd is a hardware man of repute and for Microsoft that has taken a huge plunged into hardware business the ORCL CEO is more like an asset.
Just in case Hurd leaves ORCL for another corporation, like Microsoft in this case, ORCL would be greatly disadvantaged.
At $154.62 billion in market value, ORCL has had very encouraging performance under Hurd, gaining a spot in the “buy” territory recently. The company’s shares have recovered from a year’s low of $29.52 to race between $32.89 and $33.35 as per the Monday’s trading.
The company has also had good figures for its quarterly results and analysts are already putting high premiums on its future. It means that if Hurd leaves ORCL offices for another company, the former employer might have a lot of transformation to adapt to the exit.
It is not that Microsoft is only chasing to have Hurd at its helm, now that it has acquired the hardware component in Nokia. But Hurd is just among a number of CEO mentioned among possible candidates for the top job at Microsoft. In this case, it’s more of a case of a fisherman spreading the net wide to catch the industry’s cutting edge executives.
ORCL is a reputed provider of enterprise software and computer hardware services and products. The company which boast 120,000 workforce is organized into three businesses; hardware systems, software and services.
