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
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 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)
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 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)
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
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.