Oracle – News Stories About Oracle - Page 2

Apr 5, 2010 2:10 AM CDT

Average CEO Pay Sinks to $9.5M

Larry Ellison collect s cool $84M

(Newser) - Pity the poor CEO in this recession: average compensation for the honchos in the largest publicly traded companies in the US has sunk to a mere $9.53 million. That's down 15% over the previous year. Some CEOs have fared decidedly better than others. Oracle CEO Larry Ellsion topped this...

How 13 Big Tech Firms
Got Their Names

STEVE JOBS LIKES APPLES

Mar 24, 2010 11:33 AM CDT

How 13 Big Tech Firms Got Their Names

From the improbable to the top secret, it takes all kinds

(Newser) - The Business Insider figures you've also wanted to know how your favorite high tech concern got its name. Well, you're in luck! Here goes:

SUN Microsystems: It's actually an acronym for Stanford University Network, the school where the founders met.
Cisco: Actually not an acronym, as often assumed. It's just

...

Sun CEO Schwartz Quits
—Via Tweeted Haiku

'CEO NO MORE'

Feb 4, 2010 9:30 AM CST

Sun CEO Schwartz Quits —Via Tweeted Haiku

Chief exec was expected to step down after signals from Oracle CEO

(Newser) - Sun Microsystems CEO Jonathan Schwartz is going out in geeky style with a tweeted haiku resignation. Schwartz has been in the crosshairs publicly since the CEO of Oracle, which just acquired Sun, said last week that he expected Schwartz to step down, Mashable reports. “Today’s my last day...

Oracle Exec
Was Cheating
on Mistress,
not Wife

Jan 23, 2010 7:51 AM CST

Oracle Exec Was Cheating on Mistress, not Wife

Billboard-buying YaVaughnie Wilkins thought he was divorced

(Newser) - Here's a twist: the person Oracle president Charles Phillips has been two-timing wasn't his wife—it was his mistress, the New York Post says. It seems that Phillips led YaVaughnie Wilkins, the irate lover who put up the now-infamous billboards of the two of them canoodling, to believe that he...

$Oracle President Cops to 8½-Year Affair$

Oracle President
Cops to 8½-Year Affair

Jan 22, 2010 9:11 AM CST

Oracle President Cops to 8½-Year Affair

Relationship with YaVaughnie Wilkins is over, says Charles Phillips

(Newser) - Oracle co-president Charles Phillips admitted last night to an 8½-year “serious relationship” with YaVaughnie Wilkins—the mistress whose picture was splashed on billboards across the country canoodling with Phillips. Gawker tipsters say Phillips, who is also a member of President Obama’s Economic Recovery Advisory Board, has portrayed...

Oracle Exec
Affair Outed
...By Galpal?

Jan 21, 2010 10:46 AM CST

Oracle Exec Affair Outed ...By Galpal?

Billboards of Charles Phillips with another woman pop up

(Newser) - It appears an Oracle executive’s 8-year affair is being outed—possibly by the mistress herself—on billboards popping up across the country. The billboards, featuring what look like pictures of Charles Phillips and apparent mistress Yavaughnie Wilkins (view on Gawker ), point to a website titled “ Charles And...

Highest-Paid
Women in
America

Sep 15, 2009 1:22 PM CDT

Highest-Paid Women in America

(Newser) - On the heels of its 2009 Most Powerful Women list, Fortune has compiled another of the best compensated females in the corporate world. The top 10 for 2008:

Safra Katz, president, Oracle: $42.4 million
Linda Chen, president, Wynn International Marketing: $23.9 million
Sharen Turney, president and CEO, Victoria's

...

Oracle Buys Sun Microsystems

Apr 20, 2009 7:20 AM CDT

Oracle Buys Sun Microsystems

(Newser) - Oracle Corp. has agreed to buy Sun Microsystems, swooping in after Sun’s talks with IBM fell apart. Oracle will pay $7.4 billion, or $9.50 a share for Sun, the Wall Street Journal reports, a 42% premium on Friday’s close. Though Sun has been losing money, Oracle...

Tech Industry Falls for 'Cloud Computing'

Mar 26, 2009 8:40 AM CDT

Tech Industry Falls for 'Cloud Computing'

It's all the rage, but does the fuzzy term really mean anything?

(Newser) - Today's hottest tech term is "cloud computing": Google, Amazon, Yahoo, and Intel have all begun projects with such nebulous names as OpenCirrus and Elastic Compute Cloud. But while the projects behind the names all have something in common—storing data on far-off computers—nobody can agree on what cloud...

What Slump?
Big Blue Sees Growth

Jan 21, 2009 8:37 AM CST

What Slump? Big Blue Sees Growth

IBM had a good Q4 and says its business services and software sales are solid

(Newser) - Strong software and business-services sales—including outsourcing services, a cash cow in the current economy—pushed IBM’s profits up 12% in the fourth quarter and prompted a recession-busting forecast of continued growth for 2009, reports the Wall Street Journal. Although Big Blue's revenue fell in the quarter, its margins...

Market Meltdown Reshapes Forbes Rich List

Oct 10, 2008 12:15 PM CDT

Market Meltdown Reshapes Forbes Rich List

Buffett bumps Gates in redrawn rankings of world's wealthiest

(Newser) - The mortgage meltdown has certainly hit middle-class Americans hard but hasn't spared the uber-wealthy, Bloomberg reports. Las Vegas Sands CEO Sheldon Adelson’s net worth shed $4 billion between Aug. 29 and Oct. 1, for instance, while Warren Buffett overtook Bill Gates, whose net worth declined $1.5 billion, as...

Stocks Dip on Tough Tech Day

MARKETS

Mar 27, 2008 3:28 PM CDT

Stocks Dip on Tough Tech Day

Oracle and Google news hurts markets

(Newser) - The markets fell today on weak news from the tech and financial sectors. The Dow dropped 120.16 points to 12,302.7, the Nasdaq fell 43.53 to 2,280.83, and the S&P closed down 15.36 at 1,325.77, MarketWatch reports. Disappointing results from bellwethers...

Oracle Stock Dives 8%
on Flagging Q3 Revenue

Earnings report

Mar 27, 2008 7:45 AM CDT

Oracle Stock Dives 8% on Flagging Q3 Revenue

Despite a 30% jump in profits, investors worry the software maker is vulnerable

(Newser) - Oracle missed its third-quarter revenue projections yesterday and investor reaction was swift and dramatic: shares of the software maker dropped 8% in after-hours trading, reports the Wall Street Journal. This despite the fact that Oracle’s profits rose 30% to $1.34 billion, 26 cents per share, from $1.03...

Economic Worries Propel Silicon Valley Deals

Jan 17, 2008 12:59 PM CST

Economic Worries Propel Silicon Valley Deals

Oracle and Sun Microsystems may be only tip of the iceberg

(Newser) - Recent acquisitions by Sun Microsystems and Oracle could be the opening round of new Silicon Valley deal-making, the Wall Street Journal reports, as tech companies worried about a US economic slowdown seek to strengthen their positions. Smaller companies struggling to stay afloat are tempting targets; bigger fish also want to...

Oracle Wins BEA With Sweetened $8.5B Bid

Jan 16, 2008 7:51 AM CST

Oracle Wins BEA With Sweetened $8.5B Bid

Deal for business software maker closes after Ellison bumps price

(Newser) - Business software maker Oracle continued its yearlong buying spree, closing a contentious deal with middleware maker BEA Systems after raising its offer to $8.5 billion, or $19.38 a share, Bloomberg reports. In October, Oracle offered BEA $6.7 billion, or $17 per share, and was rejected. Instead BEA,...

NetSuite Doubles IPO Price

Dec 20, 2007 5:11 AM CST

NetSuite Doubles IPO Price

Surge of interest sees the price for the on-demand software vendor soar to $26

(Newser) - On-demand software vendor NetSuite has doubled the price on its IPO after a Dutch-auction-style bidding war over the past two days saw investor interest surge. After originally pricing the offering at $13-$16, NetSuite bumped it to $16-$19 Tuesday and then $19-$22 yesterday. Late last night the company set a target...

Oracle Blasts Forecasts With 35% Profit

Dec 19, 2007 6:25 PM CST

Oracle Blasts Forecasts With 35% Profit

Software maker rides spending spree to another big quarter

(Newser) - Database software-maker Oracle surprised analysts today, reporting its income surged 35 percent in the second quarter to $1.3 billion, thanks to the success of new programs and customer-support contracts. Experts had expected sales of approximately $5.03 billion, Bloomberg reports, but the company boasted sales of $5.36 billion—...

Ellison-Backed IPO Wraps '07

Dec 17, 2007 7:40 AM CST

Ellison-Backed IPO Wraps '07

NetSuite's auction format puts off some investors

(Newser) - On-demand software company NetSuite goes public this week with an offering likely to draw the bulk of attention in an otherwise quiet finale for IPOs. Only three firms will go to market, compared to eight in last year’s final week. Oracle CEO Larry Ellison’s NetSuite hopes to raise...

Netsuite Hopes for $99M in IPO

Dec 6, 2007 5:46 PM CST

Netsuite Hopes for $99M in IPO

Ellison has moved decisively to silence conflict-of-interest criticisms

(Newser) - The IPO for Oracle CEO Larry Ellison’s ‘software-as-a-service’ company, Netsuite, is gearing up as the company set an initial price range yesterday of $13 to $16 a share for 6.2 million shares planned for release, News.com reports, a 10% stake. Netsuite hopes to raise $99.2...

Hewlett-Packard Nixes BEA Buy

Nov 21, 2007 12:48 PM CST

Hewlett-Packard Nixes BEA Buy

ITer says it's best to remain neutral between software companies

(Newser) - “We are the Switzerland of these heterogenous environments,” a Hewlett-Packard exec said by way of explaining why his company is not interested in acquiring BEA, after BEA rejected an offer from Oracle as too low. HP is a partner of BEA’s, the company's software chief said, but...