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Oracle Corporation (ORCL)

- NYSE
  • Dec. 12, 2012, 11:17 AM
    Oracle (ORCL -0.6%) will beat Street estimates when it reports FQ2 results next Tuesday, says Credit Suisse. The firm cites healthy application license sales and strong growth for its high-end engineered systems (Exadata, Exalytics, etc.) - the latter would be a positive for Mellanox (MLNX). Oracle's engineered systems sales doubled Y/Y in FQ1, but total hardware sales still fell 19% as demand for storage gear and traditional Sun UNIX servers withered.
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  • Dec. 5, 2012, 2:26 PM
    BofA/Merrill has downgraded Tibco (TIBX -20.1%) to Neutral following its FQ4 warning, which has led shares to plunge to new 52-week lows. Piper sees the warning as another sign of "pervasively deteriorating conditions for on-premise software companies." The Street seems to agree a bit: QLIK -4.2%. INFA -5%. ORCL -1.8%. RHT -1.4%. CTXS -1.7%. Wedbush argues Tibco's long-term growth story is intact - Tibco noted in its warning demand for its Spotfire analytics platform remains strong.
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  • Dec. 4, 2012, 5:01 PM
    Tibco (TIBX) -14.7% AH after warning it expects to report FQ4 (ended Nov. 30) revenue of $292M-$295M and EPS of $0.37-$0.38, below a consensus of $316M and $0.44. Tibco blames a mix of soft government spending, Sandy-related deal delays, and poor execution in its infrastructure (i.e. middleware) business, particularly in the Americas. The FQ4 report arrives on Dec. 20. It could be a rough day for enterprise software stocks tomorrow: QLIK -3.7%. PRGS -1.4%. RHT -2.3%. INFA -1.1%. CTXS -1%. ORCL -0.9%. SAP -0.8%.
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  • Dec. 3, 2012, 4:55 PM
    Oracle Corporation (ORCL) announced acceleration of second, third and fourth quarter dividend totaling $0.18/share. For shareholders of record Dec. 14. Payable Dec. 21. Ex-div date Dec. 12. (PR)
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  • Dec. 3, 2012, 4:43 PM
    With the fiscal cliff (and a potential dividend tax hike) looming, Oracle (ORCL) has decided to accelerate the payment of its FQ2, FQ3, and FQ4 quarterly dividends. The payments, which total $0.18/share, will now be made on Dec. 21 to shareholders on record as of Dec. 14. Oracle's board won't be able to declare another dividend until Aug. 31, 2013, the end of its fiscal year. StreetInsider observes the move could save Larry Ellison $50M in tax payments.
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  • Nov. 19, 2012, 12:18 PM
    SAP (SAP +2.9%) is closing on its 52-week high after receiving an upgrade to Outperform from William Blair. The firm argues SAP is benefiting from acquisitions, new innovations, end-to-end product suites, and strong demand for its Hana in-memory database. SAP's sales growth has easily outpaced that of archrival Oracle (ORCL) in recent quarters.
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  • Nov. 16, 2012, 2:16 PM
    Gartner forecasts global enterprise IT spending will rise 2.5% next year to $2.68T. Investors should be aware these estimates get revised frequently - 4 months after hiking its 2012 IT spending growth forecast to 3%, Gartner claims 2012 will only see "scant overall growth" due to macro issues that have clearly pressured (I, II) many enterprise IT names. Decent IT spending growth from financial services, telecom, and media companies is expected to offset continued government weakness.
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  • Nov. 8, 2012, 9:37 AM
    Oracle (ORCL) is buying Instantis, a developer of on-premise (non-cloud) portfolio project management software. Instantis' software will be integrated with Oracle's Primavera and (cloud-based) Fusion project management.apps. In July, Oracle bought cloud project management firm Skire. Microsoft and SAP also compete in this space.
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  • Oct. 26, 2012, 4:26 PM
    Though Qlik (QLIK -7.7%) claimed macro issues are responsible for its Q3 miss and Q4 guidance, FBN's Shelby Seyrafi believes the company is seeing tougher competition from business intelligence software rivals Oracle, SAP,  IBM, and Tableau. Seyrafi notes the number of $100K+ deals signed by Qlik fell by nearly 20% for the second quarter in a row, albeit while granting $250K+ deals rose to 20 from 15. He adds Tableau "has greater focus (and momentum) in the Americas" (QLIK transcript)
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  • Oct. 20, 2012, 10:12 AM
    Where was this story 50% ago? Its cover showing a tombstone engraved "R.I.P. PC," Barron's says DELL and H-P (HPQ) will fade from view. Next up for trouble could be Microsoft (MSFT), seemingly cheap at 9X 2013 earnings, but which reported sales at its Windows unit off by a third Y/Y after backing out pre-sales for Windows 8. The world awaits the launch of Surface at midnight on Friday. More winners/losers here.
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  • Oct. 17, 2012, 5:49 PM
    Mellanox (MLNX) -28.7% AH after guiding on its Q3 earnings call for Q4 revenue of $145M-$150M, below a $153.1M consensus. The InfiniBand switch/adapter card vendor had little margin for error after a huge 2012 run-up left it with steep multiples. Intel mentioned yesterday demand had weakened for high-end server CPUs, which Mellanox's products are often used with. The guidance could have some negative implications for Oracle's (ORCL) engineered system sales. (previous)
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  • Oct. 17, 2012, 4:47 PM
    SAP's fast-growing Hana in-memory database now supports Amazon Web Services (AWS): a server running Hana is available for $3.49/hour. Embracing AWS could boost Hana's popularity with Internet companies - most adopters thus far have been enterprises. SAP has also launched its own cloud platform for Hana: a database service and an app development solution are among the offerings. Archrival Oracle (ORCL) is rolling out cloud database services and much else. (more)
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  • Oct. 12, 2012, 5:33 PM
    Workday (WDAY) held onto its big gains, finishing its first trading day with a price of $48.69 and a market cap of $7.8B. Workday's valuation - steep even if based on expected 2012 bookings of $500M+ rather than trailing sales - is producing plenty of chatter. Defenders point to Workday's huge contracts with the likes of Google, H-P, and AIG, and the fact its share of the HR and (especially) ERP software markets is still quite low relative to incumbents Oracle and SAP, who are trying to return fire.
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  • Oct. 12, 2012, 3:09 AM
    Oracle (ORCL) CEO Larry Ellison is interested in acquiring AEG from Anschutz, which wants $10B for the sports and entertainment unit, Reuters reports. If true, Ellison has a sizable credit facility to help him, having pledged 139M Oracle shares - valued at $4.3B - as "collateral to secure personal indebtedness."
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  • Oct. 4, 2012, 7:10 PM
    This week's Oracle OpenWorld (ORCL) conference had 50K attendees, whereas Salesforce.com's (CRM) recent Dreamforce conference had 90K. That's one more reason observers are wondering if Salesforce and other cloud vendors are stealing Oracle's thunder, in spite of Oracle's efforts to keep up. "CIOs are feeling guilty if they don’t do anything around Salesforce," a Piper analyst wrote recently, while adding resellers have observed a "continuous talent flow of executives from Oracle to Salesforce." (also)
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  • Oct. 3, 2012, 5:28 PM
    Though Oracle's (ORCL) hardware sales fell 19% Y/Y in the August quarter, Larry Ellison promises growth will be positive by the end of FY13 (next May), as strong demand for Oracle's costly "engineered" systems finally offsets plunging sales of everything it acquired from Sun. Still unknown, however, is when Ellison expects hardware sales to match what Sun was posting when Oracle bought the company for $7.4B. Mellanox (MLNX +4.7%) is heavily exposed to Oracle's engineered system sales. (new hardware)
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Company Description
Oracle Corporation develops, manufactures, markets, hosts and supports database and middleware software, application software, cloud infrastructure, hardware system including computer server, storage and networking products and related services.
Sector: Technology
Country: United States