REDWOOD SHORES (AP) — Business software maker Oracle is finally adapting to a shift in computing that is threatening to turn the company into relic. The 35-year-old company hailed its technological transition Wednesday at its Redwood Shores, Calif. headquarters, where hyperbolic CEO Larry Ellison announced plans to distribute more than 100 business software applications over the Internet instead of selling them as products that have to be installed on individual office computers. The concept of leasing software applications reachable on any Internet-connected device is known as "cloud computing."
Oracle unveils suite of 'cloud computing'