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  • Thu, Dec. 1, 10:55 AM
    • Notable early (2%+ losses): Alphabet (GOOGL -2.25%GOOG-2%) Facebook (FB -3.4%), Twitter (TWTR -3.9%), Oracle (ORCL -3.3%), Salesforce (CRM -4.2%), VMware (VMW -3.5%), Alibaba (BABA -2.7%)
    • 5%+: Qualcomm (QCOM -4.9%), Nvidia (NVDA -7%), Advanced Micro Devices (AMD -7.1%), Micron Technology (MU -5.5%)
    • 8%+: Cirrus Logic (CRUS -8.8%), Gigamon (GIMO -9.5%)
    | Thu, Dec. 1, 10:55 AM | 138 Comments
  • Mon, Nov. 21, 8:16 AM
    • Oracle (NASDAQ:ORCL) acquires cloud and DNS specialist Dyn for an undisclosed amount.
    • Dyn is focused on monitoring and optimizing Internet  applications and cloud services for more than 3,500 enterprise customers, including major brands such as Netflix, Twitter and Pfizer.
    • "Dyn's immensely scalable and global DNS is a critical core component and a natural extension to our cloud computing platform," says Oracle exec Thomas Kurian
    • Source: Press Release
    | Mon, Nov. 21, 8:16 AM | 10 Comments
  • Mon, Nov. 7, 12:40 PM
    • Subsequent the company's (N) $109 per share, cash merger with Oracle (ORCL +2%effective today. With doubt cast over the deal prior to formal disclosure late Friday that tender conditions were to be met, NetSuite shares had been trading around an unconvinced $94 level, though are consequently now to a halted $108.99.
    • Additional SEC forms filed today – SC 14D9/ASC TO-T/ASC 13E3/A
    | Mon, Nov. 7, 12:40 PM | 2 Comments
  • Sat, Nov. 5, 4:19 AM
    • To be finalized Monday, November 7.
    • Approximately 21.775M (20.4M required) unaffiliated shares tendered, representing 53.21% of total unaffiliated share count. Overall shares tendered amount to 62.3M, or 76.39% of total issued and outstanding shares.
    • Press release
    | Sat, Nov. 5, 4:19 AM | 22 Comments
  • Fri, Nov. 4, 5:51 PM
    • Shares in NetSuite (NYSE:N) were volatile all day, though have at present moved 4% upward to $94 in extended trade.
    • A form 4 SEC filing has additionally come through today with T. Rowe Price, NetSuite's largest unaffiliated shareholder, unloading 47K shares at a $89.27 level, bringing overall ownership to 14.34M.
    • Minimum tender conditions relating to the deal call for 20.4M of 40.8M total unaffiliated shares.
    • T. Rowe Price has voiced support for a buyout at $133 per share while Oracle's (NASDAQ:ORCL) kept firm at $109.
    • The potential merger, set to terminate by end of day, remains on watch until anything conclusive is announced.
    | Fri, Nov. 4, 5:51 PM | 18 Comments
  • Thu, Nov. 3, 3:01 PM
    • To $92.89. Oracle's (ORCL +0.6%) offer for NetSuite (NYSE:N) at $109 per share is set to expire tomorrow should minimum tender conditions (20.4M out of 40.8M total unaffiliated shares) not be met beforehand.
    • Latest SEC filings (November 2) – 3SC 13DSC 14D9
    | Thu, Nov. 3, 3:01 PM | 14 Comments
  • Mon, Oct. 31, 3:57 PM
    • Brocade Communications (NASDAQ:BRCD) is up 22.3% and hanging right at 52-week high range after news that it's in talks to sell itself and getting close to the end of that process.
    • A deal could be announced this week, Bloomberg reports, and one of the interested parties is reportedly Broadcom (AVGO +0.7%), which could be interested in supplementing its switch-chip business with Brocade's networking gear. Broadcom CEO Hock Tan has said he's interested in acquisitions.
    • Such a deal might allow for better competition against much bigger rival Cisco Systems (CSCO +0.4%). "A purchase by Broadcom (Avago) would be a strategic move by Broadcom to vertically integrate in an IP switching and routing market that has increasingly moved to merchant silicon," notes Stifel analyst Aaron Rakers.
    • He's maintained a Hold rating and $10 price target (the boost today has put Brocade at $10.63). He doesn't know any inside information about activity around Brocade this week but notes that for years, talk has persisted that Brocade might sell itself to suitors like H-P (NYSE:HPQ), Oracle (NASDAQ:ORCL) or IBM (NYSE:IBM).
    • With current net debt (about $440M) and at $11/share, Brocade would come at about a $4.9B enterprise value, 7.3 times EBITDA, he says.
    | Mon, Oct. 31, 3:57 PM | 5 Comments
  • Fri, Oct. 28, 9:51 AM
    | Fri, Oct. 28, 9:51 AM | 24 Comments
  • Wed, Oct. 26, 1:24 PM
    • Oracle's set a final, November 4, deadline for tender expiration involving the deal. Should minimum terms (20.4M affiliated shares, 40.8M unaffiliated shares) not be met, Oracle plans to terminate the arrangement.
    • Analyst Kash Rangan projects if this happens, NetSuite shares would fall dramatically. His current price target is $68, NetSuite's current price is hovering around $100.
    • Deal offered at $109 per share terms.
    • NetSuite (N -0.8%) and Oracle (ORCL -0.1%) are both are trading 7% lower since the plan was fist announced in late July.
    | Wed, Oct. 26, 1:24 PM | 13 Comments
  • Fri, Oct. 21, 9:39 AM
    • Outlook for NetSuite's (N -0.2%) Q4 to furthermore not be provided, attributed to pending deal with Oracle (ORCL -0.6%).
    • FY 2016 revenue guidance had been set at $955M-$975M. Updated figures not provided.
    • Q3 resultsrevenue of $243.9M (+26% Y/Y, $6.01M below estimates), recurring revenue from subscription and support of $190M (+23% Y/Y), non-recurring revenue from professional services and other of $53.9M (+41% Y/Y), cash flows from operations of $62M (+126% Y/Y) and net income of $16.1M (vs. $2.6M Y/Y)
    • No conference call to be held.
    • Press release
    | Fri, Oct. 21, 9:39 AM | 3 Comments
  • Fri, Oct. 7, 9:43 AM
    • Deadline set for November 4.
    • Oracle (ORCL -0.1%) to terminate prospective acquisition should minimum tender conditions not be met (20.4M out of 40.8M total unaffiliated shares).
    • All-cash $109 per NetSuite (N -4%) share structure reiterated.
    | Fri, Oct. 7, 9:43 AM | 5 Comments
  • Tue, Sep. 27, 9:25 AM
    • New suite of products resulting from collaboration introduced as Visa Advertising Solutions. Oracle Data Cloud's digital advertising and cross-device connection data will merge with Visa Advertising Solutions' aggregated purchase data in an effort to provide businesses insight into consumer response to mobile, display, video and social channel campaigns.
    • Target segment recommendations and offers based on previous purchase actions, demographics, interests and other data also highlighted.
    • Visa (NYSE:V): "Successful marketing efforts depend on rich data to measure the results and effectiveness of each channel. Combined, Visa and Oracle have unique and powerful assets to help merchants connect the dots between advertising spend and business results – the holy grail of any marketing program."
    • Oracle (NASDAQ:ORCL): "Working together, we can combine Visa Advertising Solutions’ unmatched purchase data and merchant relationships with the Oracle Data Cloud’s data assets and expertise in building and measuring purchase-based audiences. This allows everyone from restaurants to retailers to improve the effectiveness of their advertising by establishing a direct link between digital ads and actual sales, whether these occurred online or in traditional brick and mortar locations."
    • The initiative was piloted in 2015 to measure online and offline ROI for select merchants' ads served on Twitter.
    | Tue, Sep. 27, 9:25 AM
  • Fri, Sep. 23, 11:24 AM
    • Oracle (NASDAQ:ORCL) declares $0.15/share quarterly dividend, in line with previous.
    • Forward yield 1.53%
    • Payable Oct. 26; for shareholders of record Oct. 12; ex-div Oct. 7.
    | Fri, Sep. 23, 11:24 AM | 4 Comments
  • Mon, Sep. 19, 9:41 AM
    • With Oracle (ORCL +0.6%) looking to take its presence in the cloud to greater heights, an increased focus on security is critical.
      Oracle's SVP of Identity Management and Security Products Peter Barker: "Together, Oracle and Palerra will help accelerate cloud adoption securely by providing comprehensive identity and security cloud services. The combination of Oracle Identity Cloud Service (IDaaS) and Palerra’s CASB solution plan to deliver comprehensive protection for users, applications and APIs, data, and infrastructure to secure customer adoption of cloud."
    • Palerra was founded in 2013 and its team is expected to join Oracle. Terms of the deal were not disclosed.
    • Oracle press release
    • Palerra press release
    | Mon, Sep. 19, 9:41 AM | 3 Comments
  • Mon, Sep. 19, 4:58 AM
    • Oracle's (NASDAQ:ORCL) Larry Ellison fired a shot across Amazon's (NASDAQ:AMZN) bow Sunday evening, declaring that with the release of Oracle's second generation IaaS data centers, "Amazon's lead is over."
    • The Seattle-based company is currently considered the leader in cloud computing.
    • Earlier this year, Morgan Stanley estimated Amazon Web Services generated $7.9B in sales in 2015, nearly 8x as much as Microsoft's Azure, the second largest IaaS player.
    | Mon, Sep. 19, 4:58 AM | 36 Comments
  • Fri, Sep. 16, 2:45 PM
    • Oracle's (ORCL -4.4%) trading lower following its Q1 report, and despite the miss on estimates, Barclays analyst Raimo Lenschow has faith in the cloud.
    • He projects FY 2017 cloud revenue growth to offset decreases in license revenue and represent 10% of that year's total revenue. Also expects growing cloud gross and operating margins to reaccelerate operating profit.
    • Retains $48 price target (current price $39.06).
    • Further analyst commentary
    | Fri, Sep. 16, 2:45 PM | 8 Comments