As many companies start to falter financially, there are a few cash-rich companies who are continuing to prosper in the current economic conditions. The companies that have cash to spare are purchasing their struggling counterparts. One such company is Oracle.
According to The Wall Street Journal, Oracle- the world's biggest business software manufacturer, sales reached $22.4 billion in 2008. Despite the price of the company's stock falling over 20%, Oracle has been profitable enough to buy up other companies that are laden with debt. In the past 12 months, the software giant has purchased 10 companies- some of which are allowing them to vertically integrate.
It will be interesting to see which companies will thrive, and which companies will be able to ride out the wave.