Oracle Shares Plunge 10 Percent After 2Q Earnings Miss
Shares of Oracle, the biggest enterprise software developer, fell nearly 10 percent in pre-market trading Wednesday after the company missed second-quarter estimates for earnings.
Oracle Shares Drop 9 Percent After Reporting 2Q Earnings Miss
Oracle, the biggest developer of software databases and applications, reported second-quarter results and revenues that narrowly missed analyst estimates.
Oracle: Earnings Trail Estimates, Revenue on Low Side
Oracle's second-quarter results narrowly missed estimates for earnings and revenue.
Technology 2011 in Review: Highlights and Lowlights
No doubt 2011 was a major year for technology in part because it touched everyone differently. Following are some of the highlights and lowlights of the year:
RIM Shares Set Another Low After Dismal Outlook
Shares of BlackBerry developer Research in Motion set a 52-week low of $12.73 Tuesday, continuing their plunge following its report of lower third quarter results and a disappointing fourth quarter forecast.
Oracle's Earnings: Key Monitors to Measure Performance and Outlook
Oracle, the biggest enterprise software developer, is scheduled to report second-quarter results late Tuesday. Here are some expert tips on what to watch in the announcement.
Oracle: 7 Things to Watch in 2Q Earnings Report
Here are some items to watch when Oracle reports: earnings, Europe outlook, cash, deferred revenue, third-quarter earnings forecast
Dell to Restart Venture Capital Unit for Investments
Dell, the No. 2 U.S. PC maker, plans to restart its venture capital unit as Dell Corporate Ventures. To head it, it designated Norwest Venture Partners executive Jim Lussier.
Technology Focus: Does Zynga’s IPO Set a New Trend For Facebook?
Last week, investors could finally buy a share of Internet gaming site Zynga, which was priced Thursday at $10 a share in the company’s $1 billion initial public offering. What did they say about other IPOS as well as Facebook's for 2012?
Long Island Eye: Is CBS’ Takeover of Ch. 55 a Vote of Confidence in the Market?
Now something new has been added: in 2012, Ch. 55 will be owned by CBS, whose WCBS 2, has dominated local airwaves for years along with the other network-owned stations, Disney’s WABC 7, and NBCUniversal’s WNBC 4.
Zynga’s $10 IPO: Shares Decline to $9.50 on First Day
Shares of Zynga, the online gaming developer linked to Facebook, closed at $9.50 Friday, 50 cents below their initial public offering price Thursday as the company raised $1 billion in the biggest IPO since Google.
Amazon Reports Kindle Fire Sales Top 3 Million
Amazon, the No. 1 e-retailer, reported shipping more than three million Kindle Fire tablet devices, its $199 media tablet priced to compete with Apple’s iPad 2.
Top Tech Leaders from Google, Yahoo, Twitter Oppose Stop Online Piracy Act
Sixteen top technology leaders – including the founders of Google, Netscape, Yahoo and eBay – published full-page advertisements Wednesday opposing the pending Stop Online Piracy Act (SOPA) in Congress.
Amazon’s Bezos, Wife, Donate $15 Million for Princeton Neuroscience Institute
Amazon CEO Jeff Bezos and his wife MacKenzie Bezos, donated $15 million to Princeton University for a biosciences unit within the Princeton Neuroscience
Institute
Yahoo Investor Third Point: Disclose Bid Info to All
Activist investor Daniel Loeb, who already owns 5.2 percent of Yahoo, sent another letter to the company. This time, he demanded to see a list of prospective bidders.
E-Mail Inventor: Use Technology to Overhaul USPS
It’s not too late to save the U.S. Postal Service, the inventor of e-mail told the International Business Times.
Zynga, Jive IPOs Face Rough Weather in Choppy Markets
The turbulent stock market may throw up obstacles in front of two initial public offerings on tap, including on-line game site Zynga as well as workplace social networking developer Jive Software.
Intel Shares Plunge After Warnings of 4Q Profit Shortfall
Shares of Intel, the No. 1 chipmaker, fell four percent after warning of a revenue shortfall, coming after Texas Instruments previously warned of lower revenue for the quarter.
Technology Focus: Mediating the Patent Wars
The International Trade Commission this week is expected to determine if Taiwan's HTC infringed upon Apple's smartphone patents. Isn't there a more sensible way to manage the IP wars?
Long Island Eye: Cuomo’s $690 Million Tax Cut
Gov. Cuomo's $690 million tax cut for New Yorkers could be a Trojan Horse, if tax receipts don't keep up with projected 2012 spending.
IBM Unveils Advanced Analytics Software Tools While Donating Chemical Database to NIH
IBM, the No. 2 U.S. computer company, unveiled an advanced analytical software and services tool that used its powerful Watson supercomputer.
IBM ‘s DemandTec Buy to Contest Oracle, SAP
IBM, the No. 2 computer giant, said it plans to acquire e-commerce specialist DemandTec for $440 million to beef up its retail and marketing software services.
Apple’s ‘Halo Effect’ Could Spur Shares to $500: Misek
Apple’s expected unveiling of iTV a year from now, coupled with continued huge sales of iPads and iPhones should create “a halo effect” to propel shares to around $500, Jefferies analyst Peter Misek told International Business Times.
Cisco Launches Major ‘Cloud’ Initiative for Big Data Gains
Cisco Systems, the No. 1 provider of networking gear, launched what it dubs the “CloudVerse” as a strategy to win new business with the mushrooming of data transmissions over landline and wireless networks.
Long Island Eye: Thanks USPS...For $725,000, Where’s My Mailbox?
For $725,000, where's the mailbox now that the Great Neck LIRR station has been spiffed up? I think we know.
Verizon Barring Google Wallet from Galaxy Phones
Verizon Wireless, the No. 1 U.S. carrier, won’t permit Google Wallet when it starts selling Samsung Electronics’ Galaxy Nexus phone soon, reports said.
HP, IBM Acquisition Spree Nets HiFlex, Curam Software
The two biggest computer giants continued their buying spree as Hewlett-Packard snapped up HiFlex while IBM said it will acquire Curam Software.
Let Oracle, SAP Buy Others, Information Builders Remains Independent Stalwart, CEO Says
As Oracle, SAP and IBM snap up rivals in business analytics software, Information Builders will stay independent, founding CEO Gerald D. Cohen told International Business Times.
Software Shares up After SAP’s SuccessFactors Buy
Shares of specialty software vendors like MicroStrategy and Qlik Technologies rose sharply early Monday as investors contemplate Oracle’s retaliation for SAP’s $3.4 billion bid for SuccessFactors.
Technology Focus: Moving to the Zettabyte Era
Don’t look now but we’re already in the zettabyte era. Next year, market forecaster IDC predicts, the volume of digital content will rise 48 percent, to 2.7 zettabytes.
