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According to Wikipedia, cloud computing is a paradigm of computing in which dynamically scalable and often virtualized resources are provided as a service over the Internet. According to Larry Ellison, it's nonsense and water vapor.

The chief executive of Oracle last week at the Churchill Club sat down with former Motorola CEO Ed Zander for a fireside chat about the future of the company he co-founded, the pending acquisition of Sun and the implications thereof, and the state of the economy in general.

Most amusing however, was his ranting on cloud computing, captured on video by TechPulse360. Of course, we've heard his refreshingly critical take of the buzzword du jour before, but he continues to make it a valid point. (after the jump)

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