You just don't get it dude...
I'm not contesting that in the heavy single threaded arena Sun/Oracle have a disavantage at the moment, Power and Intel's CPU's have the edge. You seem to think this is JUST about the hardware, trust me it isn't, as you probably know yourself. A large proportion of the Unix market runs that Oracle DB, as it is bloody good, it's all about that DB and the overall cost of that DB, what sit's beneath it really doesnt matter all that much...
If Oracle Sell you an completely integrated stack, tested at every level, which outperforms anything else for a given price point both in terms of cap-ex or support costs, who the hell care's if the thing is is using a larger number of weaker single thread cpu's than an IBM/HP box which has a smaller number of meatier cpu's???
True HP sells a lot of servers (low margin x86 tin mostly) running every type of app out there, but are you seriously going to tell me that in the future HP will be able to outdo Oracle for price/performance running the dominant ORACLE Database?? Impossible. Even if they did technically do it, Oracle can just undercut and make up the margin elsewhere in the stack, DB/Fusion middleware or whatever, thats where the real money is made, and it's market share is huge. You failed to answer my question about HP's lack of DB's/middleware/apps by the way. Name one that is even in the same league as Oracle's portfolio.....IBM have plenty, and Oracle acknowledges and respects this quite openly. Software sells servers my friend, not clock speeds and single threaded performance.
Growing Networking biz? Leading Network Management tools (that Sh1te called Openview, you serious!??) and leading storage!!! Please, don't make me laugh mate. You use the word "Lead(ing)" willy nilly, HP doesnt "Lead" in networking or storage, Cisco, juniper, Hitachi, EMC, Netapp a bunch of others would disagree with you there.
Best bet for HP, buy SAP, it's all about the software son.....without good software, HP is just going to be a cheap tin pusher while the other giants like IBM/Oracle mop up the high margin markets.