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Oracle Corp

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  • SEATTLE, Oct 23- Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins intact. "In light of recent negative earnings results from tech bellwethers Oracle, IBM, SAP, VMware, and EMC, Microsoft is bucking the trend and we...

  • UPDATE 1-Microsoft sales beat Street hopes, shares rise Thursday, 23 Oct 2014 | 4:37 PM ET

    SEATTLE, Oct 23- Microsoft Corp reported higher-than-expected revenue for its fiscal first quarter on Thursday, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins intact. "In light of recent negative earnings results from tech bellwethers Oracle, IBM, SAP, VMware, and EMC,...

  • Sharp drops in many of the stocks owned by Buffett's Berkshire Hathaway in recent weeks hit the sprawling conglomerate's equity portfolio hard. The loss on seven of those holdings alone totals more than $5 billion provided Berkshire's stakes have remained the same since June 30, the last date for which they were disclosed. Berkshire Hathaway did not respond...

  • Oct 22- Canadian business software maker Open Text Corp's quarterly profit more than doubled, driven by demand for its cloud computing services. Open Text, whose customers include Oracle Corp and Microsoft, has focused on cloud as businesses increasingly turn to cheaper services hosted online over proprietary software. Open Text, known to make frequent...

  • Oregon cuts ties with Oracle's health exchange Wednesday, 22 Oct 2014 | 3:42 PM ET

    PORTLAND, Ore.— Oregon is cutting its last ties with a botched health insurance exchange portal built by Oracle Corp. as the state and the high-tech company pursue lawsuits against each other. Oregon had planned to salvage some of the Oracle- built portal to enroll people in Medicaid, but officials have now decided to scrap that project as well and will use another...

  • Oct 21- VMware Inc, bucking the trend of weak results from other software makers, reported a better-than-expected quarterly adjusted profit, helped by demand for its software that helps store data more efficiently and cut IT costs. VMware's shares were down 1.5 percent in after-market trade. Excluding items, VMware earned 87 cents per share in the third quarter...

  • Oct 21- IBM's woes are interesting not simply because they tell us about the economy, but because they reveal broader truths about how, and for whom, companies are run. IBM kicked its 2015 operating earnings goal off the back of the truck on Monday, blaming an outright fall in third-quarter revenues on a sudden downturn in client spending. "We saw a marked slowdown in...

  • CAIRO, Oct 21- Egypt is seeking billions of dollars in investment to upgrade its telecommunications infrastructure as part of efforts to attract multinationals and restore growth after three years of political upheaval, the telecoms minister said. Atef Helmy said Egypt needs investment of $5- $6 billion to build broadband internet across the nation and some...

  • Oct 20- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent to a three-year low, a blow for legendary investor Warren Buffett whose Berkshire...

  • NEW YORK, Oct 20- Corporate America's cash stockpile increased to a record $1.65 trillion in mid-2014 from $1.64 trillion at the end of 2013, although the pace of growth has slowed sharply, Moody's Investors Service said on Monday. "U.S. corporate cash balances continue to grow on the back of modest economic expansion," Richard Lane, Moody's senior vice president,...

  • *Sees 5.6- 5.8 billion euro operating profit in 2014. FRANKFURT, Oct 20- German software maker SAP cut its 2014 operating profit forecast on Monday as customers shifted faster than expected to products delivered over the Internet, delaying when those orders can be booked as sales. SAP said it now expects 2014 operating profit, excluding some special items, of 5.6...

  • BOSTON, Oct 14- Three Google Inc researchers have uncovered a security bug in widely used web encryption technology that they say could allow hackers to take over accounts for email, banking and other services in what they have dubbed a "Poodle" attack. "If Shellshock and Heartbleed were Threat Level 10, then Poodle is more like a 5 or a 6," said Tal Klein, vice...

  • SAN FRANCISCO, Oct 8- Google Inc has asked the U.S. Supreme Court to wade into contentious litigation against Oracle Corp, arguing that the high court must act to protect innovation in high tech. Google's request, filed on Monday, seeks to overturn an appeals court ruling that found Oracle could copyright parts of the Java programming language, which Google used to...

  • 7 companies that could be the next to split: Pros Monday, 6 Oct 2014 | 6:58 PM ET

    Dan Ives of FBR Capital and the CNBC "Fast Money" traders discuss which companies could be next to split.

  • SAN FRANCISCO, Sept 30- Larry Ellison was the main draw for tens of thousands of technology professionals at Oracle Corp's annual conference in San Francisco on Tuesday, where he joked about losing his name after relinquishing his role as the company's CEO.

  • Oracle CEO: Don't underestimate us in cloud era Tuesday, 30 Sep 2014 | 5:43 PM ET
    Safra Catz, co-chief executive officer of Oracle Corp., speaks during the Oracle OpenWorld 2014 conference in San Francisco, on Sunday, Sept. 28, 2014.

    Oracle's CEO spoke about the company's acquisition strategy and dismissed skeptics who doubt Oracle's future in the cloud era.

  • CEO Hurd: Here's what moves the needle for Oracle Tuesday, 30 Sep 2014 | 11:22 AM ET
    Mark Hurd, co-CEO of Oracle

    Oracle's newly minted co-CEO Mark Hurd talks about the tech company's growth drivers and its unusual management structure.

  • Cramer Remix: Fitful market and a good grocer play Monday, 29 Sep 2014 | 6:53 PM ET

    Think unrest overseas is causing the wild swings in the market? You're half right. But there's something else.

  • Lightning Round: Dow Chemical, Oracle & more Monday, 29 Sep 2014 | 6:51 PM ET

    It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • BOSTON, Sept 26- Oracle Corp warned customers on Friday that more than 30 products are vulnerable to the "Shellshock" bug, including its high-end Exadata computer systems.