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These are blow-out numbers for RIM's third quarter no matter how you slice and dice them. And you thought Oracle's good news yesterday was something. This is something else entirely. Research in Motion posts 65 cents a share in earnings per share.
Stocks closed higher as a rally in technology shares helped offset more uncertainty in the credit markets and troubling economic signs.
NetSuite began trading on the Nasdaq Thursday after its initial public offering. Chief Executive Zach Nelson told CNBC that the business-management software company is positioned "in the right place and the right time in the marketplace."
These are heady times for RIMM, even though shares have suffered a precipitous decline since their highs in November; a bigger decline than Google, Amazon, Apple and so many others, off about 30 percent from those highs in early November, following a better-than-30 percent gain during the previous three months.
Oracle said that quarterly profit rose 35 percent as new software sales soared 38 percent, beating Wall Street expectations at a time when investors are nervous that IT spending is slowing.
Oracle's strong earnings could give some tech names a bounce Thursday though markets are again being haunted by credit worries, and another Wall Street firm is set to report earnings before the bell.
Oracle's second quarter financials are stunning by just about every measure. Everyone I had spoken to leading up to these numbers knew the news was going to be good, but no one expected the news to be this good.
Stocks staged a mini comeback Tuesday after a day that saw indexes seesaw on both sides of the unchanged line. The market once more fretted over the financial sector and could do the same on Wednesday.
What's the trade ahead of Oracle (ORCL) earnings Wednesday after the bell?
NetSuite, a software maker majority-owned by Oracle Chief Executive Larry Ellison, Tuesday raised the proceeds it expects from its initial public offering, which is due later this week.
Oracle Corp. will release its second quarter earnings on Wednesday and there's a healthy amount of optimism swirling around these shares. But the stock really hasn't reacted much leading some analysts to wonder whether the company is poised for some kind of break-out, even though CEO Larry Ellison's massive selling streak, started in September, continues.
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
NetSuite, a business software maker majority-owned by Oracle Chief Executive Larry Ellison, said on Wednesday that it planned to raise up to $99 million in its initial public offering.
It's a booyah-free zone. There goes Swifty!Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
SAP, Europe's leading software company, said it was mulling a sale of its TomorrowNow U.S. unit, which is at the centre of a legal battle with arch-rival Oracle.
Oracle, the world's No. 3 software maker, said on Wednesday it is on track to meet its quarterly and long-term financial targets and that it will start shipping a new product early next year.
Dell will license Sun Microsystems's Solaris operating system and build computers based on the Sun software, the companies said on Wednesday.
Call it Turnaround Tuesday: under-bought, over-sold, bottom-fishing, bargain-hunting. Whatever it is, it seems rally-time is finally hitting tech stocks. How long it will last is anyone's guess, but looking at the wacky whiplash these stocks have suffered over the past week, today's action is welcome indeed for anyone long in tech.
U.S. stock indexes closed lower as a rally in financial shares lost steam late Monday, pushing down markets already pressured by falling tech shares.