Oracle has decided to discontinue all software development on the Intel Itanium microprocessor, the third major software developer to do so.

Microsoft halted Itanium development in April last year, while Red Hat dropped the 64-bit processor two years ago.
A statement from Oracle indicates that the decision was made after multiple converations with senior management at Intel, who made it clear that their strategic focus is on their x86 microprocessor and that Itanium was nearing the end of its life.
In addition, says Oracle, HP's CEO Leo Apotheker recently outlined his company's long-term strategic direction without ever mentioning Itanium. HP is the co-developer of the Itanium processor with Intel.
Oracle says it will continue to provide customers with support for existing versions of Oracle software products that already run on Itanium.