The US appeals court in San Francisco said jurors used "an undue amount of speculation" in awarding Oracle $1.3 billion in damages in 2010.» Read More
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.
An update on the ongoing stock sales by Larry Ellison, Oracle's CEO, which began in late September and haven't let up since. He's now up to 30 million shares and counting since that first sale on Sept. 26, worth about $700 million so far.
Business software maker BEA Systems said it would provide confidential information to shareholder Carl Icahn explaining why it rejected a $17-per-share takeover bid from Oracle.
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.
Software maker BEA Systems' board said on Monday it is holding out for a $21 per share takeover offer, a day after its larger rival Oracle withdrew its $17 per share offer.
Oracle withdrew its $6.7 billion bid for business software maker BEA Systems on Sunday, setting the stage for a proxy battle between activist investor Carl Icahn and the BEA board.
BEA Systems lost 6 percent on Friday to trade below Oracle's bid for the first time since it was made, as the deadline for the offer loomed with no signs of an agreement.
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.
BEA Systems said Thursday it is prepared to discuss a sale of the company to Oracle Corp. and other potential suitors at a price of $21 per share.
Oracle said Tuesday its $17 per share offer to acquire BEA Systems will expire Oct. 28 unless BEA's board executes an acquisition agreement and lets shareholders vote on the bid.
SAP said it should reach the top of its full-year sales guidance range after a solid third quarter in which it met market expectations, and forecast demand for its software would stay strong into 2008.
Here's part three of my outlook for tech earnings this week: IBM might be the dark horse suitor to step in and snap BEA Systems right out from under Oracle. That could come up on the company's conference call.
Here are my thoughts this Monday morning: 1) Citigroup's earnings were about in line with their own drastically reduced guidance they gave a couple weeks ago. Fixed income was poor as expected, and consumer delinquency rates continue to uptick. International posted strong revenue growth (up 30%) Conference call at 8:30.
Stocks rose on Friday following strong retail sales and renewed mergers and acquisitions activity. "It seems that people are buying the pullbacks," said Joe Ranieri of Canaccord Adams. "There's just too much value in large caps and growth is starting to chase small- and mid-caps, so look for any kind of pullbacks to be buying opportunities."
It's OK to be a follower, as long as Carl Icahn is leading. The activist investor tells Cramer his hopes for BEA Systems and Motorola. 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.
BEA Systems said on Friday that its board had concluded that a $17 per share unsolicited takeover bid from Oracle "significantly under-values BEA."