Google recently revealed that going back over the data they kept about past hires demonstrated that an individual's GPA was completely independent of the quality of their future contributions to the company.
google are a notoriously selective employer, so it's hardly surprising that GPA has limited predictive power within the sample of people who were successful applicants.
That could go the other way too - if they don't hire people based on their GPA they might be weeding out bad developers even if they did well in school.
Many larger firms with technical employees are worried about their lack of diversity, and the relevant legal risks. They may have to bend their effective practices to mitigate this risk.
Beyond making this claim as an ulterior rationalization, mendaciously spreading it might help trip up competitors.
Correct me if I'm wrong, but considering the general make-up of Tech-employees in the Bay Area, by following your logic to conclusion leads me to think hiring outside of white males is a negative... if you think diversity = tripping up companies.
Why should Oracle be any different?