Analysts had expected the company to report earnings excluding items of $6.40 a share on $15.52 billion in revenue.» Read More
As high drama grips the software industry, with investors watching every detail of Oracle's hostile bid for BEA Systems, there's another drama shaping up behind the scenes involving Oracle CEO Larry Ellison. While he makes headlines for what he's trying to buy, you might be even more interested in what he's trying to sell. His stock. Selling lots of it. Daily.
Just an update on the blog I brought you earlier in the week about Larry Ellison and his recent sales activity in Oracle shares. His breathtaking share-dumps are apparently continuing with 1 million more shares sold today.
Google cracked $700 a share this morning, just three weeks after surpassing $600 for the first time. Sure, as Google becomes more valuable, these $100 milestones will get easier to achieve, but you can't discount a 16% move by a company worth over $200 billion in under a month. It's significa
Here's something that'll scare the pants off you this Halloween--literally. Reuters reports that Travelodge hotels Britain are grappling with a 600% rise in sleepwalkers this year. Most are men. Many are naked. A...600%...jump. What is up with that? Cialis side effects?
Over the years, I've written about the weird items that have come up for sale: Bill Veeck's Leg, Luis Gonzalez' gum, Thurman Munson's pilot's license. Well, put this in the category of Joe Horn's cell phone, which was purchased by a Saints fan at auction.
Google's stock barreled through $700 for the first time Wednesday, propelled by a belief that the Internet search leader will become even more profitable as it plants its products and services in new markets.
Federal regulators on Wednesday approved a rule that would ban exclusive agreements that cable television operators have with apartment buildings, opening up competition for other video providers that could eventually lead to lower prices.
Shutterfly reported a third-quarter loss of $3.3 million, or 14 cents per share, as compared to a loss of 2.7 million, or 70 cents per share, in the year-ago quarter.
All of us in California, indeed millions across the country, were gripped by those horrific images of the raging fires in Southern California. And in the midst of the tragedy, when we had a chance to hear from the victims fleeing their homes, they were usually asked what they grabbed as they were evacuating.
The Industry Standard, the high-flying magazine that covered the early Internet frenzy and itself became a poster child for the dot-com boom and bust, is coming back ... sort of.
The World Wide Web has given a dramatic new meaning to the phrase "net profits." Just ask five-star fund manager Ryan Jacob, portfolio manager of Jacob Internet Fund. Read his five choices for an investor's Internet interests.
It is estimated that 100 children are killed and hundreds more injured each year by cars backing up. It's a problem with seemingly no solution for the millions of people who back out of their driveways and onto busy streets each day. But a new innovation —a Lazy Susan of sorts —could change that. It's called the "CarTurner."
Better late than never, but when it comes to NBC and Fox and the new Hulu, it's about time. I say about time because I wonder just how long big media is going to sit around and bemoan upstarts like YouTube muscling in on their territory. Woe is me, these companies have complained: They're stealing our content. They're breaching our copyrights.
Where can the traders be found this week? Deep in the heart of techs.
Facebook, the social network Web site, is looking to hedge funds and private-equity investors to raise an additional $260 million in financing, the Wall Street Journal reported on its Web site on Thursday.
Chinese Internet company Baidu.com on Thursday posted a sharp rise in quarterly profit on sales fueled by exploding demand for online advertising in the world's second largest Internet market.
It's not often I do a double-take when I read a financial earnings report, but I had to make sure I was looking at Microsoft's numbers and not some other company's. The company beats by 6 cents a share; 45 cents instead of the 39 cents the Street was expecting.
A growing number of companies are embellishing their benefits packages with "concierge services" -- everything from flower deliveries and car detailing to restaurant reservations and clothes alterations.
So I'm sure many of you are scratching your heads trying to figure out how, amid the now constant din of the housing crisis, we suddenly get this report from the Commerce Dept. that new home sales and prices bumped up in September?? Well before everyone starts hailing the home builders and calling a big bad bottom to the market, a couple of key points:
It's safe to say that Microsoft hasn't had this kind of optimism swirling around it in, well, I can't remember the last time. Windows '95 maybe? This company is firing on all cylinders, even though shares would suggest otherwise. The company will report its first fiscal quarter earnings after the bell, and feeding into the frenzy are headlines about Halo 3, Xbox 360...