Does Oracle have a shot in the IaaS cloud market versus Amazon and Microsoft?

Less than a week after Hewlett-Packard unceremoniously withdrew from the IaaS public cloud market, another legacy IT stalwart has jumped in.

In a grandiose display at the company’s OpenWorld conference in San Francisco, Oracle executives, led by czar/Chairman Larry Ellison made an ambitious, weeklong pitch for the company’s cloud. It stretches across all types of cloud options – from private on-premises IaaS systems, to an elastically scalable public cloud, plus a suite of SaaS and application development PaaS components.

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