Oracle considered buying RIM and Palm to enter smartphone market

Oracle might be in its own tussle with Google over patents used in their Android smartphone platform, however, they're still trying to find ways to enter the smartphone market. It is reported that Oracle Corp Chief Executive Larry Ellison considered building a smartphone in house to compete against phone giants, Apple and Google. However, that idea was scrapped after a cost and market analysis session that went on for a week because Ellison felt that Oracle lacked the technological know-how in house to be able to compete in an already crowded smartphone market. That's when the idea of acquisitions came up. At the same meeting, the propects of acquiring BlackBerry maker, Research in Motion and smartphone maker Palm, which is currently owned by HP were discussed. However, at the end of the week long session, the idea of acquiring those two companies was also scrapped. Click here for full story