Key Developments: Oracle Corp (ORCL.O)
30.10USD
2 Jul 2013
$-0.01 (-0.03%)
$30.11
$30.09
$30.35
$29.95
33,115,272
27,255,079
$36.43
$28.61
Latest Key Developments (Source: Significant Developments)
Oracle Corp Announces Proposed Investment Grade Euro-Denominated Notes Offering
Oracle Corporation announced that it plans to commence, subject to market and other conditions, a public offering of Euro-denominated senior notes. The principal amounts, interest rates, maturity dates and other terms of the notes will be determined at the time of pricing of the offering. Oracle intends to use the net proceeds from the offering for general corporate purposes, which may include stock repurchases, payment of cash dividends on its common stock and future acquisitions. BNP Paribas, Deutsche Bank AG, London Branch and The Royal Bank of Scotland plc will act as joint book-running managers for the offering. Full Article
Salesforce.com Inc and Oracle Corp Announce New Strategic Partnership
Salesforce.com Inc and Oracle Corp announced a comprehensive nine-year partnership encompassing all three tiers of cloud computing: Applications, Platform and Infrastructure. Full Article
Oracle Corp's Q4 2013 Sales Disappoint Wall St. Again; Issues Q1 2014 EPS Guidance In Line With Analysts' Estimates-AP
The Associated Press reported that Oracle Corp is still having trouble closing enough business software deals to keep Wall Street happy. The quarterly results announced June 20, 2013 could escalate investors' fears about Oracle's ability to adapt to the changing demands of its customers. Businesses and government agencies are increasingly buying software through monthly or annual subscriptions that enable employees to access applications on any machine with an Internet connection. This "cloud computing" approach is a shift from Oracle's traditional approach of licensing software that is installed on individual computers kept on the premises of its customers. The Company also announced that for the first quarter of 2014, it expects earnings to be in the range from $0.56 to $0.59 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report $0.58 for the first quarter of 2014. Full Article
Oracle Corp To Move Listing To Big Board From Nasdaq In Coup For NYSE-Reuters
Reuters reported that Oracle Corp said on June 20, 2013 it was moving its stock listing to the New York Stock Exchange from Nasdaq OMX Group's main U.S. exchange, a coup for NYSE Euronext. Oracle, which has a market capitalization of around $160.6 billion. Oracle expects to begin trading on the NYSE on July 15, 2013 and in the meantime will continue to trade on the Nasdaq. Full Article
Oracle Corp Declares Cash Dividend; Announces Share Repurchase-Form 8-K
Oracle Corp reported in its Form 8-K that its Board of Directors has declared a cash dividend of $0.12 per share of outstanding common stock payable on August 2, 2013, to stockholders of record as of the close of business on July 12, 2013. Oracle also announced that its Board of Directors authorized the repurchase of up to an additional $12.0 billion of common stock under its existing share repurchase program in future quarters. Full Article
Oracle Corp Secures Judgment Against ServiceKey And Its CEO, Angela Vines
Oracle Corp announced that on June 11, 2013, United States District Judge Saundra Brown Armstrongentered judgment in Oracle's favor against defendants ServiceKey, LLC and its CEO, Angela Vines, on Oracle's claims against ServiceKey and Vines for copyright infringement, violation of the Computer Fraud and Abuse and Lanham Acts, fraud, intentional interference with prospective economic relations and unfair competition. The judgment reflects ServiceKey's and Vines' admission to liabilityon Oracle's claims. ServiceKey and Vines, among other things, admitted that they illegally and without authorization downloaded, copied and distributed Oracle's copyrighted Solaris Operating System, including Solaris software updates and patches, falsely advertised their ability to provide the copyrighted Oracle Solaris patches to customers, and illegally trafficked in passwords to Oracle's customer support website. As part of the judgment against Service Key and Vines, the Courtissued an injunction that prohibits the defendants from engaging in a wide range of conduct that had led to Oracle's lawsuit. The Court's injunction mandates that ServiceKey and Vines may not "give, receive, sell or otherwise provide to anyone any Oracle/Sun software and/or support materials, including any updates, bug fixes, patches, media kits or other proprietary software support materials, and including any patches, bug fixes or updates to the Solaris Operating System." Full Article
Dell Inc Expands Alliance With Oracle Corp-DJ
Dow Jones reported that Dell Inc unveiled an expanded global alliance with Oracle Corp. in which the companies will offer business products that combine Dell's hardware and Oracle's software. For Oracle, the expanded deal reflects the company's struggles with incorporating its $7.5 billion purchase in 2010 of hardware maker Sun Microsystems. Full Article
Oracle Corp Comments On Q4 2013 Revenue Guidance; Issues Q4 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Oracle Corp announced that for the fourth quarter of 2013, it expects total revenue growth on a GAAP and non-GAAP basis is expected to range from negative 1% to positive 4% in constant dollars and US dollars. Non-GAAP EPS is expected to be somewhere between $0.85 and $0.91, both US dollars and in constant dollars. And GAAP EPS is expected to be somewhere between $0.72 to $0.78, in both US and constant dollars. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $11.52 billion and EPS of $0.88 for the fourth quarter of 2013. Full Article
Oracle Corp To Buy Acme Packet Inc
Acme Packet Inc announced that it has entered into an agreement to be acquired by Oracle for $29.25 per share in cash representing a fully diluted equity value of $2.1 billion. The Board of Directors of Acme Packet has unanimously approved the transaction. The transaction is expected to close in the first half of 2013. Full Article
FAIR Health Selects Oracle Corp's Oracle Exadata Database Machine And Oracle's Sun ZFS Storage Appliance
Oracle Corp announced that FAIR Health has selected the Oracle Exadata Database Machine with a cluster of Oracle's Sun ZFS Storage 7420 appliances for backup to support its database of more than 15 billion claims. An additional Sun ZFS Storage Appliance Full Article
Software moguls Ellison and Benioff end feud, jump into deal
SAN FRANCISCO - Oracle Corp Chief Executive Larry Ellison and Salesforce.com CEO Marc Benioff publicly ended one of Silicon Valley's most bitter feuds on Thursday as they leapt into a major alliance aimed at selling more Internet-based software.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
