November 11, 2009 |
Despite a formal objection from European Union antitrust officials, Oracle Corp. vowed to wage a vigorous battle for its planned acquisition of Sun Microsystems Inc., as analysts warned that continuing delays in the $7.4-billion deal are proving costly for both companies. Officials at the European Commission issued a formal statement of objections to the acquisition, citing concerns that the deal may discourage competition in the market for database software. Oracle can still take the fight to the full European Commission, which has until January to make a final decision.
September 4, 2009 |
Oracle Corp. figured its $7.4 billion buyout for Sun Microsystems Inc. could skate through antitrust scrutiny, folding Sun into a technology powerhouse when Sun badly needs the lifeline. Both companies will have to wait. European Union regulators applied the brakes Thursday, launching a formal antitrust probe that shatters Oracle's goal of completing the acquisition this summer. The U.S. Department of Justice has already approved the deal. The investigation is focused on whether Oracle will gain too much power in the market for database software, which underpins most things people do in business or on the Web. It helps companies manage and retrieve data they've stored, such as payroll or sales information.
June 26, 2008 |
Oracle Corp. posted a 27% increase in fiscal fourth-quarter profit Wednesday and overtook IBM Corp. as the second-largest software maker. Net income in the quarter ended May 31 rose to $2.04 billion, or 39 cents a share, from $1.6 billion, or 31 cents, a year earlier, Redwood City, Calif.-based Oracle said. Still, the company's first-quarter forecast signaled that growth might ebb, sending the shares down 3.4% in extended trading. International sales and rebounding U.S. orders helped Oracle withstand a slowing economy last quarter.
June 24, 2008 |
Oracle Corp., the biggest maker of database software, created a business unit focused on applications for the health-sciences industry. The unit will work with drug, biotechnology, medical-device and healthcare companies, Oracle said. Separately, Oracle said it would buy the application business of Skywire Software, whose products help insurers create and manage policies. Terms weren't disclosed.
December 16, 2003 |
Oracle Corp. on Monday reported higher-than-expected fiscal second-quarter earnings, buoyed by strong sales of its core database software. Executives at the Redwood City, Calif.-based company credited most of the growth to rising optimism among corporate technology buyers, who are beginning to ramp up spending after three years of cutting back. Sales in the quarter ended Nov. 30 were $2.5 billion, up 8% from a year earlier.
March 11, 2003 |
Oracle Corp.'s lead in the database software market shrank last year, as IBM Corp. and Microsoft Corp. boosted sales, market researcher IDC said. Oracle's share of the $13-billion market declined to 39.4% last year from 41.7% in 2001, IDC said. IBM's portion increased to 33.6% from 31%, and Microsoft's rose to 11.1% from 9.7%. Oracle shares fell 30 cents to $10.76, and Microsoft fell 61 cents to $22.95 on Nasdaq. IBM fell $2.20 to $75.70 on the New York Stock Exchange. From Bloomberg News