Oracle CEO Catz comments on Salesforce sale rumors

Key Speakers At The Oracle OpenWorld 2014 Conference
Safra Catz, co-chief executive officer of Oracle Corp., gestures as she speaks during the Oracle OpenWorld 2014 conference in San Francisco, California, U.S., on Sunday, Sept. 28, 2014. Catz made her first remarks as Oracle co-CEO at the conference when she introduced Intel Corp. President Renee James, who also spoke. Photographer: David Paul Morris/Bloomberg via Getty Images
Photograph by David Paul Morris — Bloomberg via Getty Images

Oracle (ORCL) still isn’t commenting on its possible interest in acquiring (CRM). But it does seem to relish the idea of someone else making an offer.

During Oracle’s first-ever media day, Safra Catz, one of Oracle’s two CEOs, said the following:

“If it’s acquired by someone else, it’s probably good for us. Everybody brings their own stuff to these things. It would be interesting to watch it play out. It will cause a lot of disruption to the market. It would be helpful to us in the short- and medium-term.”

There has been speculation that Oracle could be the company that reportedly approached Salesforce about a possible tie-up, particularly given that the story came just hours after Oracle sold $10 billion worth of new bonds. Catz, who also serves as Oracle’s chief financial officer, brushed off that connection, however, joking that Oracle’s plans for the money during its meetings with journalists was to “bring it in here and roll around in it.” Turning serious, she added, “We just like to match up our foreign cash with cash we can use in the U.S., for buybacks, dividends, and acquisitions.”

Catz and Mark Hurd were named joint CEOs of Oracle last fall, succeeding Larry Ellison (who stuck around as a very engaged chairman). She says that little has changed since the shakeup, and thinks that she’ll probably retire either before Ellison or at the same time. If Ellison “‘drives off in one of his fancy cars,” she said, “I’ll be in the passenger seat.”

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