WSJ: Oracle’s Ellison expects greater innovation from sector

Mylene Mangalindan reports on a recent discussion between Wall St. Journal editors and Oracle CEO Larry Ellison.

“What’s going on … is the end of Silicon Valley as we know it,” the co-founder of the world’s second-biggest software company, after Microsoft Corp., told a group of Wall Street Journal editors and reporters last week. “The next big thing ain’t computers.” Instead, he says, it’s biotechnology.

And my favorite quote:

“We became the largest industry in the world by selling things that people didn’t want to buy.” That has to stop, he says.