Key Developments: Oracle Corp (ORCL.O)
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19 Jun 2013
$-0.31 (-0.90%)
$34.40
$34.43
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$34.08
19,408,595
25,230,767
$36.43
$27.24
Latest Key Developments (Source: Significant Developments)
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
Oracle Corp Updates Java, Security Expert Says It Still Has Bugs-Reuters
Reuters reported that Oracle Corp released an emergency update to its widely used Java software for surfing the Web on Sunday, days after the U.S government urged PC users to disable the program because of a bug it said made computers vulnerable to attack by hackers. Java security expert Adam Gowdiak, who has discovered several bugs in the software over the past year, said that the update from Oracle leaves unfixed several critical security flaws. Oracle said on its security blog on Sunday that its update fixed two vulnerabilities in the version of Java 7 for Web browsers. Full Article
Oracle Corp Enters Into Agreement To Acquire Eloqua Inc
Oracle Corp announced that it has entered into an agreement to acquire Eloqua Inc, provider of cloud-based marketing automation and revenue performance management software for $23.50 per share or approximately $871 million, net of Eloqua`s cash. The Board of Directors of Eloqua has unanimously approved the transaction. The transaction is expected to close in the first half of 2013, subject to Eloqua stockholder approval, certain regulatory approvals and other customary closing conditions. Full Article
Oracle Corp Acquires DataRaker
Oracle Corp announced that it has entered into an agreement to acquire DataRaker, a provider of a cloud-based analytics platform that enables electric, gas and water utilities to leverage vast amounts of data to optimize operational efficiency and improve the customer experience. Financial terms were not disclosed. Full Article
Oracle Corp Accelerates Payment Of Three Quarters Of Dividends
Oracle Corp announced that it has declared an accelerated second, third and fourth quarter cash dividend totaling $0.18 per share of outstanding common stock. This accelerated dividend will be paid to stockholders of record as of the close of business on December 14, 2012, with a payment date of December 21, 2012. Full Article
Oracle Corp Acquires Instantis
Oracle Corp announced that it has entered into an agreement to acquire Instantis, provider of cloud-based and on-premise project portfolio management (PPM) solutions. Terms of the agreement were not disclosed. Full Article
Oracle Financial to raise up to $181 mln through share sale
May 22 - Oracle Financial Services Software Ltd , majority owned by Oracle Corp, plans to raise as much as 10 billion rupees ($180.9 million) through a share sale to institutional investors.
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