💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Bloomberg: Oracle leads anti-Amazon lobby in Pentagon contract bid

Published 04/13/2018, 02:46 PM
© Reuters.  Bloomberg: Oracle leads anti-Amazon lobby in Pentagon contract bid
MSFT
-
ORCL
-
AMZN
-
IBM
-
  • Bloomberg First Word sources say Oracle (ORCL +0.5%) is leading an anti-Amazon (NASDAQ:AMZN) lobby in the battle for a single, multiyear cloud services contract from the Pentagon.
  • Others involved in the effort include Microsoft (MSFT -0.1%), which stands second behind Amazon in the cloud market, and IBM (IBM -0.7%).
  • The group wants to make sure the award process is open to more than one company and that Amazon doesn’t win an automatic victory due to market size.
  • Last week, Bloomberg reported that Oracle co-CEO Safra Catz criticized the bidding process during a private dinner with President Trump. The White House later said that Trump isn’t involved in the contract process.
  • Previously: Bloomberg: Oracle CEO complained to Trump about Amazon (updated) (April 4)
  • Now read: IBM: What's The Dividend Raise?


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.