Oracle (ORCL) is the leading producer of enterprise software and a leading producer of computer hardware and products. On June 6, the company announced that it will be focusing its products and efforts on cloud computing namely through platform as a service (PAAS) via its operating systems and network setups, and software as a service (SAAS) via its fusion applications and other software.
Oracle’s main competitors have been SAP, Microsoft (MSFT), Google (GOOG) and Hewlett-Packard (HP). However, this group is somewhat late to the cloud computing market, so principal competitors will now include Salesforce (CRM) and Workday, and HP is now focusing on infrastructure as a service (IaaS). In brief, it appears that Oracle will have the ability to become a player in the promising market for cloud computing and is the least expensive way to gain exposure to this major trend…

