CEO Larry Ellison says Oracle (ORCL) will release an extensive collection of cloud-based tools...

|About: Oracle Corporation (ORCL)|By:, SA News Editor

CEO Larry Ellison says Oracle (ORCL) will release an extensive collection of cloud-based tools next week as the company works to remain competitive. Ellison says it will be a "much more modern version" of cloud services, giving companies, for example, the ability to upgrade on demand and not at the whims of the service provider.