BlackBerry said it plans to release security updates for Android and iOS devices by Friday to address the "Heartbleed" security threat.» Read More
Oracle reported a profit that rose 30 percent over last year and matched analysts' expectations, but the software company's shares fell as sales came in short of forecasts.
Oracle's disappointing earnings report could hang over the tech sector Thursday morning. Traders will also be watching the fourth quarter final GDP number, reported at 8:30 a.m. and weekly jobless claims, also at 8:30.
Open-source software provider Red Hat said Thursday that its third quarter profit rose 12 percent as a surge in subscriptions helped offset increased spending on marketing and research.
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Stocks moved to session highs on Wednesday on speculation billionaire investor Warren Buffett was considering taking a 20% stake in Bear Stearns. The New York Times reported on its Web site that Bear Stearns was in serious talks with several outside investors, including Buffett.
Red Hat, the largest publicly held company focused on selling Linux software, reported sharply higher quarterly profit on Tuesday on increased sales of an upgraded operating system it introduced in March.
Lenovo Group, the No. 3 personal computer maker, said on Monday it would introduce a broad line of Linux laptops, the strongest endorsement to date of the open-source software by a major PC maker.
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Red Hat reported higher profit Wednesday on higher sales of its version of Linux software that companies are increasingly choosing over rival products to run business computers and data centers.
While profit in the last quarter fell 25% due to higher costs, Red Hat Chief Financial Officer Charlie Peters forecast non-GAAP cash flow from operations this year would be between $250 million and $260 million.
Tokyo stocks closed almost flat on Christmas Day. Trade was thin, with participants citing the holidays in overseas markets.
Stocks bucked a trend and closed lower on the last session before the Christmas holiday on investor concerns about a slower economy.
Linux open-source software distributor Red Hat posted profit and revenue that topped Wall Street's forecast as the company added 12,000 new customers, sending its shares higher.
Red Hat started trading on the New York Stock Exchange today, after seven years on the Nasdaq. President and CEO Matthew Szulik was on the floor of the Big Board talking to Mark Haines and Erin Burnett on “Squawk on the Street.” He seemed confident in his company despite Oracle’s move six weeks ago into the open-source software space...