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Analysts say possible head-winds may savage sentiment, lower risk appetite

Andrew Dumont

And, in typical Ellison style, the tech pioneer is not mincing words about the top dog in cloud computing, declaring that Amazon’s “lead is over” and that they are about to get some “serious competition going forward,” according to a recap by ZDNet?and USA Today of Ellison’s talk Sunday during a keynote address at the OpenWorld conference in San Francisco.

And now the company is doubling down on those online efforts, opening a new 15,000 square-foot engineering and development center in downtown Seattle. The hip office, on the cusp of Pioneer Square at 719 Second Avenue, is adorned with graffiti art, a ping pong table and, of course, urban cool office furniture direct from Staples.

Analysts say the reason for the decline reflects a tightening of restrictions by the central government on outbound investment to prevent big conglomerates overextending themselves.