While the definition of SaaS is still "cloudy" Oracle has put its firm stake on the ground via the Exalogic box. This is meant to be the framework for private cloud that can run Weblogic and power the applications like JD Edwards, Preoplesoft, Oracle EBS and Siebel. I think more so it is for the foundation of Fusion Middleware for Fusion Applications.
Read more at the home page of Exalogic:
http://www.oracle.com/us/products/middleware/exalogic/index.html
Very interesting that Larry described Exalogic as a machine with 30 servers and 360 cores, that can handle entire Facebook load (http requests) using two such boxes, and then Facebook went down same week causing loss of service on the social capital of the world.
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