Ellison will become CTO and executive chairman of Oracle, while two of the company's management team will lead the company.
Many of the Java weaknesses can be exploited remotely, according to Oracle
The not-for-profit foundation was started last year by Advanced Micro Devices, Qualcomm, ARM Holdings, and other companies.
Shareholders voted against Oracle’s executive pay practices at last year’s meeting as well.
There are about 1,100 ByDesign customers now, although that number falls far short of SAP’s original hope of 10,000 by 2010.
Oracle is exploring silicon photonics, an optical technology drawing widespread interest, as a potential weapon in the battle against data-center power consumption.
Oracle is hoping to differentiate its CRM (customer relationship management) software from the competition with the acquisition of BigMachines, whose cloud-based system helps salespeople quickly put together and price complex orders.
Oracle says its updated data-integration software portfolio can more rapidly deliver data to data warehouses and analysis applications.
Oracle has acquired Compendium in an effort to offer a more complete platform for online marketing.
Oracle fixed on Tuesday 127 security issues in Java, its database and other products, patching some flaws that could let attackers take over systems.