Oracle Fails to Inspire Tech Rally
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Oracle Corp. handed the software industry some positive earnings news after the bell on Tuesday, but investors pulled cash from the sector on concerns that information technology spending has become anemic.
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the continuing brouhaha between Oracle (Nasdaq: ORCL) and PeopleSoft (Nasdaq: PSFT) being a notable exception. South Africa&#39;s Harmony
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Investors react to a disappointing earnings projection and to testimony that dampens hopes of negotiations with Oracle.
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The company has no further expansion plans after buying a Chinese website. Also: Virgin joins quest for a better iPod & hellip;. PeopleSoft makes promise that Oracle will live up to & hellip;. and more.
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Oracle Corp , the world's third-largest software maker, reported a 25 percent rise in quarterly profit on Thursday, but forecast slower growth in sales of new software in the current quarter.
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A survey of Oracle Users Group attendees finds two-thirds have never applied one of Oracle's quarterly Critical Patch Updates. Oracle, meanwhile, prepares to release its next quarterly CPU on Tuesday.
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At its user conference yesterday, Oracle continued to send out mixed messages about how it will support PeopleSoft products if it succeeds in its $9.2bn (Â£4.8bn) takeover bid for its rival.
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LONDON -- Enterprise software giant Oracle may be known for big plans and bold moves, but the Redwood Shores, California, company has realized it also has to think small.
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While Wednesday marked the official unveiling of Oracle Corp.&#39;s 11g database and a look at its new features, pricing and availability information was pretty thin on the ground. All the vendor would confirm is that the Linux version of 11g will ship this quarter, probably in August.
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LONDON -- Enterprise software giant Oracle Corp. may be known for big plans and bold moves but when it comes to capturing the European market the Redwood Shores, California, company has realized it also has to think small.
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Not a whole latte love for the java giant.
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Wall Street stocks posted modest gains on Thursday with technology stocks leading the pack after strong quarterly results at Oracle (NASDAQ:ORCL) helped allay fears of a slowdown in corporate tech spending.
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Stocks were flat on Monday after an early technology-led rally faded and as financial shares dropped and uncertainty about the economic outlook returned.
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Oracle, the world's second largest software producer, saw profits jump 16% to $509m (Â£283m) in the first half of the year on strong sales of its core database products.
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A survey of Oracle Users Group attendees finds two-thirds have never applied the company's quarterly updates. Oracle set to release next update Tuesday.
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Oracle just closed out another impressive quarter, and it may just be getting warmed up.
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Oracle Corp. ORCL.O on Tuesday  reported a 16 percent rise in quarterly profit fueled by steady  demand for its flagship database software, but executives  warned that customers were still cautious about spending on  technology.