I am not an Ellison fanboy, but I have to give him credit for driving the Network Computer concept a dozen years ago. It did not fly at the time, but it seems history will show he was ahead of his time.
For the inquiring reader, yes NextMark's applications are fully Cloud Compliant ;-). Seriously, since our founding in 1999 every application we've built has been on the Software as a Service (SaaS) model... also known as on-demand computing, utility computing, other names, and most recently Cloud Computing.
The main theme in all these buzzwords is you don't have to hassle with building and maintaining software applications and the infrastructure needed to keep them up and running. This saves you lots of time and money. But the biggest benefit is letting you focus on your core business!