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Maureen O'Gara

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Top Stories by Maureen O'Gara

Oracle narrowly vaulted Wall Street's expectations Tuesday when it reported its first fiscal quarter. Its results encouraged people to think budgets aren't in lockdown mode. Revenues were up 12% to $8.37 billion returning a non-GAAP EPS of 48 cents a share, up 14%, against estimates of 46 cents on $8.35 billion. On a GAAP basis EPS was 36 cents, up 36%, for a total net of $1.84 billion. Although there were no large deals, new software license revenues, a key metric, were up 17% to $1.5 billion. Analysts had predicted a 15% rise. The company's all-important software license updates and product support revenues were also up 17% to $4 billion. Oracle co-president Safra Catz claimed "company-specific momentum." Despite the turmoil over there, European sales were up 60% in the quarter, an important number because Oracle gets 30% of its revenue from Europe. However, har... (more)

Apple Borrows Billions for Next to Nothing

Apple has started borrowing money to underwrite the three-year $60 billion share buy-back program it promised stockholders last week. The company is also going to pay out $55 billion in dividends through 2015. It's issued floating-rate notes maturing in 2016 and 2018 and fixed-rate securities due in 2016, 2018, 2023 and 2043, it said in a regulatory filing, starting with a bond offering worth $17 billion on Tuesday, reportedly the largest non-bank bond offering ever. It was swamped with orders reportedly worth $50 billion. Apple will pay around 0.5% on three-year notes, 1.07% on f... (more)

Icahn Lashes Out at Dell Board & Dell Himself

After joining with Southeastern Asset Management in signing an open letter to Dell’s special board committee – which is wrestling with Michael Dell’s offer to pay $13.75 a share, 10 cents more a share, to change how the stockholders vote on his leverage buy-out offer is counted – telling the special committee he expected them to tell Michael Dell “no” – activist investor Carl Icahn wrote another open letter to Dell shareholders characterizing Michael Dell as a “whining” “sore loser” and major corporate “liability” and castigating the Dell board for “making a mockery of what lit... (more)

Sun Upgrades VirtualBox

Sun Tuesday upgraded its open source x86 VirtualBox software - one of the items in its cupboard that IBM might have been interested in, presumably as a cloud hypervisor. It's a way to run Windows programs on Linux too. The 2.2 rev supports the new Open Virtual Format 1.0 standard, which is supposed to make it way easier to move virtual machines - as well as virtual appliances now - from a development environment to a production environment on the desktop, the server or the cloud. Users can leave the old handwork that they have to do behind. OVF will also make VirtualBox interoper... (more)

PayPal Turns Off WikiLeaks Spigot; Sweden Issues New Warrant for its Boss

WikiLeaks has lost its PayPal account. The eBay unit stopped handling contributions to the renegade site late Friday night citing unacceptable use. Meanwhile, Sweden has issued a new arrest warrant for WikiLeaks leader Julian Assange on allegations of rape, sexual assault and unlawful coercion made in the name of two female Swedish WikiLeaks volunteers in two separate incidents this summer. Assange is understood to be in the UK and British authorities reportedly had technical problems with the original warrant. They needed to know how much time he’s looking at if convicted. Eur... (more)