Oracle's Larry Ellison Considered Buying RIM or Palm

Oracle's

CEO, Larry Ellison, said today that the company considered buying either Research in Motion

or Palm to enter the smartphone market. After a long analysis, Oracle decided that RIM was too expensive. Palm was later acquired by HP

. According to Ellison, "Oracle felt it lacked in-house expertise on smartphones and hence considered acquisitions." Oracle eventually decided not pursue opportunities to compete with Google

and Apple

. Oracle is currently trading at $29.41, a gain of $0.77 or 2.69%.