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Oracle Corporation (ORCL)

- NYSE
  • Nov. 19, 2010, 5:08 PM
    Sources say Oracle (ORCL) is a potential suitor for at least parts of the scandal-ridden software maker Comverse Technology. Last December, Comverse spent $225M to settle a class action lawsuit for stock options backdating.
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  • Nov. 19, 2010, 4:00 PM
    Oracle (ORCL) called its final witness today as its case against SAP (SAP) heads to a jury. Oracle tried unsuccessfully to force Hewlett-Packard (HPQ) CEO Leo Apotheker to testify, but decided his absence would work in Oracle's favor. Oracle is seeking $1B-plus in damages, while SAP has offered $40M.
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  • Nov. 19, 2010, 2:47 PM
    A buy-write strategy involves buying the stock and selling a call option, attractive for investors who believe a stock is a longer-term buy but likely to be range-bound near term. Goldman Sachs sees Bank of America (BAC), General Electric (GE), Oracle (ORCL) as three of 50 "buy" recommendations using this strategy.
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  • Nov. 17, 2010, 1:28 PM
    Hewlett-Packard (HPQ) faces fallout from the abrupt exit of CEO Mark Hurd, and Oracle's (ORCL) hounding of current CEO Leo Apotheker to testify. Offsetting this, it plans to offer solid Q4 news next week. Analysts expect earnings of $1.27 per share on revenue of $32.8B.
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  • Nov. 12, 2010, 5:25 PM
    Apple's (AAPL) plans to contribute technology to Oracle's (ORCL) Java platform may mean a deeper relationship is coming, claims an analyst. With the enterprise-class Oracle as a strategic partner, consumer-savvy Apple might achieve the broad heft needed to strike harder at rivals Hewlett-Packard (HPQ) and Research in Motion (RIMM).
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  • Nov. 12, 2010, 4:37 PM
    Oracle (ORCL) may skip showing a videotaped deposition of a key witness, Hewlett-Packard (HPQ) CEO Leo Apotheker, to a California jury. “Maybe we’ll just let the jury know that they’ve hidden him,” says an Oracle lawyer. Oracle is hounding Apotheker to testify against SAP (SAP).
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  • Nov. 12, 2010, 2:37 PM
    Google (GOOG) has come out swinging in court against Oracle (ORCL), which claims Android violates its Java patents. Google recently charged Oracle offered doctored code as evidence, and its Java patents are invalid and have been misused. Ultimately, though, what's really on trial is Java's future, says an analyst.
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  • Nov. 10, 2010, 5:50 PM
    Among this year's most outrageous CEO perks: $772,000 to cover the underwater mortgage on a home sale for Delta Air Lines' (DAL) Richard Anderson, $1.4M in security services for Oracle's (ORCL) Larry Ellison, $1.3M in job relocation expenses for Boston Scientific's (BSX) Ray Elliot. And there's plenty more.
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  • Nov. 10, 2010, 3:01 PM
    Oracle's (ORCL) relationship with its sizable government Sun hardware channel network is strained. After buying Sun in January, Oracle's immediate cancellation of a government rebate program has wreaked havoc in that channel. Maybe Oracle doesn't get hardware - even if some resellers admit Oracle has a "better marketing approach" than Sun did.
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  • Nov. 10, 2010, 11:10 AM
    Open source standard maker Apache Software Foundation has threatened to drop its Java support because of Oracle's (ORCL) heavy-handed tactics with it. If so, "Oracle could be left with a proprietary technology everyone has abandoned," notes an observer.
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  • Nov. 10, 2010, 10:42 AM
    Arguably, SAP (SAP) is $500M richer, following a judge's decision to reduce Oracle's (ORCL) requested damages from SAP's software theft to $1.6B. Oracle argued SAP's copyright infringement might have cost it as much as $4B. The case must still go before a jury, however.
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  • Nov. 9, 2010, 10:51 AM
    Hewlett-Packard's (HPQ) new CEO Leo Apotheker is at the "center" of Oracle's (ORCL) ongoing software piracy case against SAP, claimed an Oracle lawyer. Oracle even hired a private eye to find the elusive Apotheker in the hopes of serving him a subpoena to testify. SAP and H-P see Apotheker as being only tangential to the case.
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  • Nov. 8, 2010, 4:19 PM
    Oracle (ORCL) blasted SAP's (SAP) offer to settle an ongoing software theft suit for $40M. In court today, Oracle CEO Larry Ellison said SAP could have cost Oracle as much as $4B - something SAP's lawyers doubt, as only 350 customers defected to SAP. Nevertheless, one Oracle executive said forcing SAP to pay only $40M would be a "reward for their bad behavior, frankly."
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  • Nov. 8, 2010, 12:15 PM
    Oracle (ORCL) CEO Larry Ellison has taken the stand in the company's ongoing software-theft trial against SAP; he says the cost for SAP to license the software at issue could have been $4B.
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  • Nov. 6, 2010, 7:00 AM
    The newly revealed allegation from the accuser that brought about Mark Hurd's downfall at Hewlett-Packard (HPQ): that in 2008, Hurd told her of a still-secret multibillion-dollar plan to buy Electronic Data Systems. Also: stories of a board with lists arguing for Hurd "Staying" and "Departing," which they presented to Hurd during his final days at the company.
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  • Nov. 5, 2010, 3:30 PM
    A shareholder of online marketing software developer Art Technology Group (ARTG) is suing to block its $1B takeover by Oracle (ORCL). Oracle paid a 46% premium when it announced the bid Nov. 2, but shareholder shareholder Gary Cronenwet insists the price "does not adequately value ATG shares."
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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