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Tech Trauma Should Ease in 2010 As Demand Climbs
Andrew Leckey
Tech trauma is a modern investor ailment. While the patient is aware that technology stocks are symbolic of the near- and long-term promise of the economy, their erratic movement can spike blood pressure beyond normal limits. The prescription for 2010 therefore requires tech stocks compatible with needs of a recovering business world
Google Remains Powerful Brand
Andrew Leckey
Google continues to innovate and invest in new businesses as it battles strong competitors. Its powerful brand name and top-notch technical staff help keep it ahead of the curve. Having loads of cash doesn't hurt either.
Strength of Technology Stocks Surprises
Technology is the surprise investment leader this year.
Science and technology stock funds are up 13 percent this year, versus the 2 percent decline of the average diversified stock fund, according to Lipper Inc. Among the tech-firm royalty, Apple Inc. (AAPL) stock is up 40 percent this year, IBM Corp. (IBM) up 22 percent and Google Inc. (GOOG) up 21 percent.
Technology Jobs, Job Listings, Job Postings & Technology Careers Search
Find your next job in Technology. Search Technology jobs from thousands of job and career search sites. A search engine for jobs with a different approach to job and career searches. In one simple search, job seekers get free access to millions of employment opportunities from thousands of websites. Find your next job in Technology today.
Telecommunications Jobs, Job Listings, Job Postings & Telecommunications Careers Search
Find your next job in Telecommunications. Search Telecommunications jobs from thousands of job and career search sites. A search engine for jobs with a different approach to job and career searches. In one simple search, job seekers get free access to millions of employment opportunities from thousands of websites. Find your next job in Telecommunications today.
Samsung raises 2010 smartphone sales target-report
Samsung raises 2010 smartphone sales target-report
Toshiba To Launch New Tablet As iPad Drives Market
Toshiba To Launch New Tablet As iPad Drives Market
Toshiba: To Launch Android-Based Tablet PC In 4Q Of 2010
Toshiba: To Launch Android-Based Tablet PC In 4Q Of 2010
Japan Shares Rise On Cue From U.S. Stock Advance
Japan Shares Rise On Cue From U.S. Stock Advance
H-P Details $33-A-Share Tender Offer; 3Par Pays Dell $72 Million Fee
H-P Details $33-A-Share Tender Offer; 3Par Pays Dell $72 Million Fee
Take-Two Posts Strong 3Q Beat, Boosts View
Take-Two posted strong third-quarter results and boosted guidance on the success of its Red Dead Redemption game.
Florida Consumer Sues Google Over Nexus One Smartphone
Florida Consumer Sues Google Over Nexus One Smartphone
TECH STOCKS: Tech Stocks Close With Gains; H-P Wins 3Par Fight
TECH STOCKS: Tech Stocks Close With Gains; H-P Wins 3Par Fight
US STOCKS-Wall St rises on economic hopes ahead of payrolls
US STOCKS-Wall St rises on economic hopes ahead of payrolls
MARKET SNAPSHOT: Stocks Log Gains Ahead Of Friday Jobs Report
MARKET SNAPSHOT: Stocks Log Gains Ahead Of Friday Jobs Report
FOXBusiness.com
FOX Business
Samsung raises 2010 smartphone sales target-report
Samsung raises 2010 smartphone sales target-report
Fortescue Denies Claim It's Breached Leucadia Funding Pact
Fortescue Denies Claim It's Breached Leucadia Funding Pact
Colombia's ETB Shares Fall 27% As Sale Process Flops
Colombia's ETB Shares Fall 27% As Sale Process Flops
TECH STOCKS: Tech Stocks Close With Gains; H-P Wins 3Par Fight
TECH STOCKS: Tech Stocks Close With Gains; H-P Wins 3Par Fight
Verizon Declares Higher Quarterly Dividend
Shares of Verizon (NYSE:VZ) edged lower on Thursday despite the mobile phone company's declaration of a 2.6% increase in its quarterly dividend, marking the fourth consecutive year of higher quarterly dividends announced in September.
S&P May Upgrade Motorola On Updated Cash Position
S&P May Upgrade Motorola On Updated Cash Position
Mexico's President Sets 2015 Deadline For Switch To Digital TV
Mexico's President Sets 2015 Deadline For Switch To Digital TV
Verizon Wireless Adds $30/Month Prepaid Unlimited Data Plan
Verizon Wireless Adds $30/Month Prepaid Unlimited Data Plan
Samsung to challenge Apple's iPad with own tablet
Samsung to challenge Apple's iPad with own tablet
Verizon Hikes Dividend By 2.6% To 48.75 Cents
Verizon Hikes Dividend By 2.6% To 48.75 Cents
FOXBusiness.com
FOX Business
Tech in Your Portfolio: Out With the New, In With the Old
The old tech bellwethers of the 1990s failed to meet the unrealistic expectations investors had of them. The stocks have fared poorly since the market peaked in 2000, but revenues and earnings have generally grown reasonably well. The result is that these stocks, so overpriced a decade ago, can now be considered value stocks. In addition to having low P/E ratios and decent growth, most of these companies have strong balance sheets with plenty of cash. There is now a new crop of tech favorites. Many of them are expected to profit from the rise of “cloud” computing, and no doubt some of them will. But the lesson from a decade ago is that the big winners are hard to spot ahead of time and if they are all priced for perfection, the safest bet is probably to stay away from them altogether, or perhaps even take positions against them.
Complete Story »
Aol, Google Renew Search Deal, Expand Partnership to Mobile, YouTube
By Leena Rao AOL CEO Tim Armstrong hinted that this was coming, but this morning Google (GOOG) and AOL announced a five-year renewal of the search deal between the two companies. Google will continue to power search across AOL’s content network and properties. The partnership will be expanded to include mobile search and YouTube.
TechCrunch submits:
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Cisco Offers $5 Billion for Skype
Networking gear maker Cisco Systems (CSCO) has offered $5 billion for the Internet telephony company Skype, TechCrunch, a leading Silicon Valley blog, reported recently. The deal, if successful, would derail a planned initial public offering from Skype and redraw the battle lines in the lucrative market of video communications. Skype is reportedly looking for a valuation of $5 billion.
Zacks.com submits:
Google (GOOG) was also rumored to have considered making a bid for Skype, but antitrust concerns prevented the search giant from making an actual offer, the blog reported. Ironically, Google added a free phone-calling service to its Gmail email service last week, a move that was seen as putting the company in direct competition with Skype.
Skype’s attraction lies not only in its video-conferencing capabilities but also its huge worldwide subscriber base. Skype has a registered user base of 560 million, but most of its revenue is generated from nearly 8 million users who pay for its inexpensive computer to landline and mobile phone calling services. Keeping that in mind, it will be interesting to see how Cisco justifies a $5 billion price tag for a company which had revenues of $406 million in the first half of the year and a GAAP profit of $13 million. eBay (EBAY) sold Skype to a group of private investors, led by Silver Lake Partners, for about $1.9 billion.
Complete Story »
Who Will Win the WebTV Battle?
Yesterday Apple (AAPL) announced their new version of AppleTV. The day before, Amazon (AMZN) announced they will be streaming TV and movies. With new studies showing 58% of TV viewers had streamed or downloaded TV within the last six months (45% watched or downloaded TV content at least once a week), which company will win the WebTV battle? Here’s the tale of the tape:
Wall Street Cheat Sheet submits:
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August Online Ads Increase by 1 Million
Online advertised vacancies dropped 57,100 in August to 4,236,200, following an increase of 139,200 in July, according to The Conference Board Help Wanted OnLine (HWOL) Data Series released today. The gap between the number of unemployed and advertised vacancies (supply/demand rate) stood at 3.40 unemployed for every advertised vacancy in July (the last available unemployment data) but is down from its peak of 4.73 in October 2009.
Mark J. Perry submits: 
Labor demand continues to struggle to post gains month after month,” said June Shelp, Vice President at The Conference Board. “During the last few months, gains in online job demand one month have been partially offset by dips in the following month. But the good news is that overall job demand is still maintaining a modest upward trend for both the nation and most States.
Complete Story »
Google Wins in Yahoo / Microsoft Search Deal
Yahoo! (YHOO) and Microsoft (MSFT) started sending out materials yesterday to help advertisers transition their accounts from Yahoo!’s search marketing system to Microsoft’s AdCenter. Given Yahoo’s second quarter results, where search revenues declined 8 percent year-over-year, the remainder of the year should be interesting as accounts transition to Microsoft. If the initial process is any indication of how successful the switch will be, investors may want to pay close attention to Yahoo! shares. YHOO, MSFT Chart (click to enlarge)
YCHARTS.com submits:
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United Online Needs Some Traction
I have followed United Online (UNTD) for a bit of time now. I still like their FTD online property, and I think their dialup business is capable of spinning off quite a bit of free cash flow before it ceases operations. (I am fairly indifferent to classmates.com). By traditional valuation metrics, the stock is still underpriced, but I have noticed that their free cash flows are declining quarter by quarter, presumably as the result of the loss of some after-sale marketing programs. I think the company will eventually find a new equilibrium, but on the other hand, I wouldn't care to place a bet on what level of free cash flow that equilibrium will be.
Geoffrey Rocca submits:
Last quarter, they reported net income of $14 million, depreciation of $14 million, and capital expenditures of $10 million, producing estimated free cash flows of $18 million. If we use this figure as the basis for their full year outlook and capitalize it at a rate of 10x, we get a value for the company of $720 million, which is more than 50% above the current market cap. However, the quarter before last, free cash flow was $21 million, and the quarter before then $23 million, and the quarter before that, $26 million. Fortunately, as the result of their disappointing earnings announcement and not-optimistic outlook, the company's market cap dropped by roughly $90 million when they announced last quarter's earnings, so it seems that the market is more or less instinctively walking the price down until the company regains cash flow stability. So, hopefully those of us who are waiting for that moment will not see the apparent bargain price pulled away from us prematurely.
Complete Story »
The Biggest News From Apple Is Not TV, But Ping
When Wired Magazine published its controversial “Web is Dead” cover story a few weeks ago, many were quick to dismiss it as sensationalist. This was undoubtedly based on a misunderstanding. The Internet per se was not pronounced dead by the article, but rather websites as a dominant delivery mechanism for Internet content. And dead was probably not a word to be taken literally, but maybe an adjective like vulnerable comes closer to the mark. In fairness to the critics, had the article’s title been rendered in the future tense, the statement would have seemed more like a prophecy than a pronouncement, and this may have been easier to accept. Regardless, watching Steve Jobs Wednesday afternoon unveil his lineup of new products, all of which are based on or supported by apps rather than web destinations, the Wired article begins to hit eerily home. Of all the products and features unveiled by Apple (AAPL) yesterday afternoon, the one that may turn out to be the biggest news is Ping. Not to take away from the elegance of new iPod models, or the sleekness of the new Apple TV device, but neither of these offerings is ground-breaking for Apple. If anything, such a comment speaks to the high expectations that the company has established in the marketplace and the high standard to which we now hold it. And although Apple TV must still prove itself after an initial false start (while other alternatives have since begun to offer more or less similar consumer possibilities), there is good reason to believe that Apple TV will make an impact. Given the company’s trademark brilliance at product launches, updates, relaunches, redesigns – notwithstanding a so-called “antennagate” hiccup that nobody now even remembers – Apple TV could well become the standard that the iPod, iPhone, and iPad have already become.
Dan Ramsden submits:
Complete Story »
Why Apple's Ping Could Surprise Twitter and Facebook
There is one thing that Apple’s (AAPL) Ping has that both Facebook and Twitter lack...an established precedent of e-commerce. If you sing in a band would you rather have followers on Twitter or on iTunes? Obviously you want them on iTunes because that ‘buy now’ button is ever present. If you host a television show do you want followers on Twitter or on iTunes? That $.99 TV show is only one click away. Facebook and Twitter are both great in their own way but the whole making money part of it has yet to be figured out. The appealing thing about Ping is that the platform is built around media, it isn’t built around you. Many people are uncomfortable giving up too much personal information to Facebook and yet they still have a desire to interact on the Internet. Ping gives them that opportunity without having to give up privacy. Apple might be on to something big with Ping.
Jason Schwarz submits:
Complete Story »
Ping: Apple Should Leave Social to Facebook, Twitter
One of the announcements out of Apple’s event this morning focused around Ping, a Facebook-and-Twitter-meets-iTunes kind of social network. It was a nice effort, I suppose. After all, if you have 160 million members - with credit card numbers on file, no less - it’s probably a nice way to jump start into the social networking game. But will users really go to iTunes to be social?
Sam Diaz submits:
Complete Story »
Potential 14% Upside to Monster From Job Postings Growth
The number of new job postings on Monster (NYSE:MWW) sites in North America has fallen steeply over the past few years owing to the hiring slump and the challenging recruiting marketplace in the US. We expect the declining trend to continue as a result of the growing reach of social media networks like Facebook, Twitter and LinkedIn. However, if the number of new job postings were to pick up rapidly, contrary to our expectations, there could be a significant upside to Monster’s stock. An expected increase in new job postings on Monster’s international sites could boost Monster’s stock further. We currently have a Trefis price estimate of $12 for Monster’s stock, about 10% above the current market price of $11. We estimate that Career Services International and Career Services North America constitute around 41% and 34% of Monster’s stock price, respectively.
Trefis submits:
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Google Set to Cash In on Increased Internet Usage
Around 72% of Google’s (GOOG) stock value can be attributed to its Search Advertising business where the company competes with search players like Yahoo (YHOO), AOL (AOL), Microsoft (MSFT) and Apple (AAPL). We currently have a Trefis price estimate of $683 for Google’s stock, about 51% above the current market price of $451. Google’s stock is very sensitive to the Global Internet Users, which has seen a steady increase over the years. Below we highlight how higher growth in the number of Internet users could create an upside to Google’s stock.
Trefis submits:
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Verizon and Intuit Join Forces to Assist Small Businesses Online
Verizon Communications Inc. (VZ) entered into an alliance with Intuit Inc. (INTU) to help small businesses expand their foothold by marketing online. Intuit is a leading provider of small-business software, including website services.
Zacks.com submits:
The alliance between the two companies’ will power small businesses with both Internet connectivity and Web marketing tools. Verizon Websites will be available with Intuit and its Web Listings services, which will help small businesses to gain access to a large number of prospective customers online.
Complete Story »
eBay to Ban Google Checkout: What About That PayPal-Android Deal?
By Leena Rao
TechCrunch submits:
In an interesting twist of events, eBay (EBAY) announced today that third-party checkout solutions, like Google Checkout, will no longer be supported on eBay after June 30, 2011. eBay says that other checkout solutions (besides PayPal) are only used less than 10 percent of the time on eBay.com.
Complete Story »
Target to Sell Facebook Credit Gift Cards
By Leena Rao
TechCrunch submits:
Target (TGT) just announced that it would be the first brick and mortar retail store to sell Facebook Credits gift cards. The cards will be available at Target stores across the country beginning Sept. 5.
Complete Story »
Six Reasons Apple Is Ready to Climb
If you really want to know the pulse of the market look no further than Apple. In Goldman Sachs’ recently released hedge fund trend monitor it revealed that 75 hedge funds own Apple as a top 10 holding. To put this in perspective the next tech company on Goldman’s list, Microsoft, is a top 10 holding of only 34 hedge funds. There is no better indicator of big money intentions than Apple stock action. Many have suggested that Apple stock is out of favor now that it has surpassed Microsoft in market cap; nothing could be further from the truth. Year to date performance shows Apple is up 15% while the Dow is down 4%. This stock is still a great place to put money as a long term investment. At economictiming.com we’ve learned that if you want to make money in this market, you better have a sophisticated understanding of Apple’s fundamentals and be in tune to its trading patterns. If Apple can’t run, the market won’t sustain a rally. If Apple doesn’t drop, the market won’t sustain a selloff.
Jason Schwarz submits:
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Google's Picking on the IPO Pipeline
By Brenon Daly As if the IPO process wasn’t already hard enough, candidates looking to go public have found a new obstacle: Google (GOOG). For the second time in less than a year, the search giant has swung its considerable market heft against a would-be public company – likely trimming hundreds of millions of dollars in market cap from the IPO aspirants. That from a company with the informal motto of "Don’t be evil."
The 451 Group: Inorganic Growth submits:
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Cisco: Ripe for a Deal With Skype?
Merger mania is definitely back in the Tech sector. HP (HPQ) and Dell (DELL) are still seriously locking horns over 3PAR (as of this writing.) Intel’s (INTC) acquiring Infineon’s (IFNNY.PK) wireless business for about $1.4 billion in cash, less than two weeks after saying it would buy McAfee (MFE). However, the more intriguing story (or rumor) is when TechCrunch broke the news Sunday night that Cisco (CSCO) has made an offer to acquire Skype before completing its IPO.
Dian L. Chu submits:
Skype has had quite a few “colorful” years. You might recall eBay (EBAY) bought Skype for $3.1 billion back in 2005, and a drawn-out legal battle soon ensued between the Skype founders and eBay over the rights to Skype’s P2P technology. While this turmoil was still going on, eBay sold Skype to a group of investors last year at a loss, citing Skype didn't fit well within eBay’s core business of connecting buyers and sellers.
Complete Story »
Google Invests $86 Million in Low-Income Housing
By Leena Rao
TechCrunch submits:
Google (GOOG) is partnering with U.S. Bancorp Community Development Corporation (USBCDC), a division of U.S. Bank; to create an $86 million Low-Income Housing Tax Credit (LIHTC) fund. According to a release issued today, the funding will be used towards the construction and operation of 480 affordable rental housing units for low income families and senior citizens in seven communities throughout the West and Midwest.
Complete Story »
Will Cisco Swoop In to Buy Skype Pre-IPO?
By Elliot Turner Late last night, TechCrunch broke the news that Cisco (CSCO) made a bid for Skype in an attempt to take over the company before it completes its IPO. This comes within a week of Google’s (GOOG) launch of Google Calls, before the blogosphere could sort out whether Google Calls is a “Skype-killer” or just merely a nuisance (although the nuisance argument had been gaining momentum). Barring an acquisition, Skype is one of the key players in this fall’s hot slate of upcoming IPOs.
Wall Street Cheat Sheet submits:
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Internet Sector and Stocks Analysis from Seeking Alpha
'Internet' Tag RSS Syndication from SeekingAlpha.com
HP to Buy 3Par for $2.35 Billion in Cash
After a heat bidding war between Hewlett-Packard and Dell, data-storage maker 3Par signed an agreement with HP to sell at $33 a share in cash on Thursday, putting the total price tag at $2.35 billion.
Apple, Google to Clash in Music Space by Christmas
Apple iPad's New Rival: Samsung to Debut a Tablet
Take-Two Posts Profit, Raises Outlook; Shares Leap
Commentary: Your Stake in Electronic Medical Records
Dell Cedes Data Storage Maker 3Par to Rival HP
Print or Pixels? Of Two Minds About Books
AOL and Google Renew, Expand Relationship
Apple Event Live Blog: Read It Here
CNBC's Top Technology Business News
CNBC's Top Technology Business News
HP to buy 3Par as Dell pulls out of race
Hewlett-Packard won the bidding battle for data storage technology company 3Par after Dell said on Thursday it would not raise its offer and was ending talks
AOL and Google expand advertising deal
AOL renews a deal with Google on internet search advertising, expanding it to include searching on mobile devices and on the YouTube online video service
Baidu pioneers searchable apps library
China's largest online search company launches a searchable applications library which allows third-party offerings in the library to launch directly on Baidu
Capgemini taps into Brazil IT market
Europe's largest IT services company has placed a bet on Latin America, announcing on Thursday a deal to buy a majority stake in CPM Braxis, Brazil's largest information technology services group
Global recovery boosts Stadium
The Aim-quoted group's pre-tax profit more than doubled to £1.5m in the first half of the year as customer demand improved amid a still 'quite patchy' economic recovery
Functionality remains Baidu's priority
The Chinese internet group's headquarters may resemble those in Silicon Valley, but its executives say that unlike US rivals, the company focuses on users' needs, not cutting-edge technology
Samsung tablet throws down gauntlet to iPad
Samsung Electronics and Toshiba launch tablets to challenge Apple, as leading consumer electronics manufacturers say they could also compete with the US group
SRT makes first move into black
Software Radio Technology breaks into the black for the first time since joining Aim five years ago on the back of a surging order book
RIM faces battle over content in Indonesia
Indonesia's technology minister has taken his battle against pornography to the maker of BlackBerry smart phones, ordering the Canadian company to block digital content in one of its key Asian markets
Apple raises stakes in TV battle
The digital entertainment company made its most serious bid yet for the internet-connected television market, slashing the price and size of its AppleTV product by more than half
Sony in streaming challenge to Apple
Sony set out its challenge to Apple and Google as it revealed an internet 'cloud-based' music streaming service that would be available on many of its networked consumer electronics products
Outsourcers warn US producing too few engineers
US universities are producing too few engineers to meet industry demand, Indian outsourcing companies say, leaving such businesses little choice but to hire foreign skilled workers to fill jobs in America
Twist in the tale for digital reading
Falling e-reader prices and a growing digital inventory help drive strong e-book sales for publishers, with as many as 10m e-readers expected to be in use in the US this year
Sony renews fight for e-reader territory
Japanese consumer electronics group unveils latest generation of e-readers on Wednesday as the company continued to fight for territory in the digital book market
Apple ups the ante in digital TV battle
Apple did not make the dramatic re-entry into the market for set-top television boxes on Wednesday that some had expected, but it did make a better case for its Apple TV service
FT.com - IT
FT.com - IT
Buoyant Vivendi raises full-year targets
Europe's largest telecoms and entertainment group increases profit goals as it reports forecast-beating first-half results boosted by Brazilian telecoms and video games
Bouygues cuts jobs after road-building losses
French conglomerate to axe 2,400 from its workforce after government spending cuts and project cancellations in central Europe hit its construction arm
Emerging economies find own way of using web
Report offers first comprehensive comparison of internet usage patterns in China, India, Russia, Brazil and Indonesia, that account for one-third of the world's internet population
Eircom in talks to restructure its debt
The Irish telecoms company is in discussions on 'all options' and warns that without action it could breach its bank covenants in the next 12 to 18 months
Wireless chipmakers
Intel's acquisition of Infineon still leaves the market open to distruptive innovation
Intel acquires Infineon unit for $1.4bn
Silicon Valley company, which supplies microprocessors for four out of every five PCs sold, has been desperate to diversify and break into the larger cellphone market
Gloom starts to lift for Nokia Siemens Networks
There were times last year when it looked like Nokia Siemens Networks was in terminal decline. A year later, executives at NSN and its Finnish-German parents say the gloom is starting to lift
Nokia and Siemens consider private equity talks
Nokia and Siemens are open to possible private equity investment in Nokia Siemens Networks, their network equipment joint venture
RIM refuses to back down in India
Research in Motion and India are set for an impasse after the company said New Delhi's demand for access to BlackBerry e-mails was technically impossible
Kosovan telecom sell-off plan sparks dispute
A Kosovan plan to sell hundreds of millions of euros of state telecom assets has prompted warnings of legal repercussions from Serbia, setting off another skirmish in the former Yugoslavia's most stubborn ethnic dispute
China Unicom pays price of 3G competition
The world's second-largest mobile operator says its net profit dropped 62% after it spent more than half its mobile revenue on marketing measures on third-generation services
Broadcasting rivals channel their efforts
In the global battle between free-to-air broadcasters and pay-television operators, few countries are more polarised than the UK
Entertainment: A pointer to profits
The rise of legal 'streaming' services delivering paid-for programming to online viewers offers studios the chance to use the web, long a drain on income, to their advantage
UK mobile market shows signs of revival
After two years in the doldrums, second-quarter sales rose 5.15% to 7.5m handsets from a year earlier after a rebound in pre-pay phones and continuing demand for smartphones
ZTE wins €200m contract from Telenor
ZTE has won a €200m ($254m) contract from Telenor as the Chinese telecoms equipment maker emerges as a key supplier for top-tier European telecom operators
FT.com - Telecoms
FT.com - Telecoms
Dogged By Ailing Economy, August Auto Sales Slump
As expected, automakers Wednesday reported sluggish sales for August. The nation's anemic economic recovery kept consumers away from dealerships, despite generous end-of-model-year incentives on the part of many manufacturers. Continue reading Dogged By Ailing Economy, August Auto Sales Slump
Dogged By Ailing Economy, August Auto Sales Slump originally appeared on DailyFinance on Wed, 01 Sep 2010 14:45:00.
Second Quarter Earnings Report Brings More Bad News For Borders
For the quarter ending July 31, overall sales dropped 11.5% from a year ago to $526 million, continuing a downward spiral that's seen revenues over this time decline year-on-year from $945 million in 2007 to $749 million in 2008 to $617 million in 2009. Continue reading Second Quarter Earnings Report Brings More Bad News For Borders
Second Quarter Earnings Report Brings More Bad News For Borders originally appeared on DailyFinance on Wed, 01 Sep 2010 14:30:00.
Despite Weak August Sales, GM Sees Brighter Days Ahead
GM reported Wednesday that sales fell 25% year-over-year in August as the recovery appeared to stall and cautious consumers held back on buying cars. But despite the downturn, GM officials said they remain upbeat that the hard-hit auto industry will continue to improve in the months ahead. Continue reading Despite Weak August Sales, GM Sees Brighter Days Ahead
Despite Weak August Sales, GM Sees Brighter Days Ahead originally appeared on DailyFinance on Wed, 01 Sep 2010 13:45:00.
General Motors Sales Fall 25% Year-Over-Year in August
Continue reading General Motors Sales Fall 25% Year-Over-Year in August
General Motors Sales Fall 25% Year-Over-Year in August originally appeared on DailyFinance on Wed, 01 Sep 2010 11:03:00.
For the month, GM said it sold 185,176 vehicles, compared to 246,479 a year ago, a decline of 24.9%. Among its four core brands -- Chevrolet, GMC, Buick and Cadillac -- sales fell 10.6%. Year-to-date, GM said it has sold 1.465 million vehicles, up 5.4% from the...
Heinz Reports Quarterly Earnings Rise 13%
Continue reading Heinz Reports Quarterly Earnings Rise 13%
Heinz Reports Quarterly Earnings Rise 13% originally appeared on DailyFinance on Wed, 01 Sep 2010 07:54:00.
Sales grew 1.6% to $2.48 billion in the quarter, driven by a strong performance in emerging markets, the company said in a statement. Operating income rose 9.9% to $406 million.
Inside Wall Street: A Small Bank Thriving in a Weak Economy
Continue reading Inside Wall Street: A Small Bank Thriving in a Weak Economy
Inside Wall Street: A Small Bank Thriving in a Weak Economy originally appeared on DailyFinance on Wed, 01 Sep 2010 07:00:00.
Admittedly, these small-to-mid cap...
Bestsellers Propel Big Sales for Random House and Hachette
Two of the largest publishing houses have demonstrated again that when authors like Stephenie Meyer or Stieg Larsson become big phenomenons, big sales -- and big profits -- are the result. Continue reading Bestsellers Propel Big Sales for Random House and Hachette
Bestsellers Propel Big Sales for Random House and Hachette originally appeared on DailyFinance on Tue, 31 Aug 2010 11:49:00.
August Auto Sales Could Be the Worst in Nearly Three Decades
Auto sales braked sharply in August, starting out strong, then slowing to a level that may be the lowest in 28 years. The weak economy made nervous consumers hesitant to buy, despite the bevy of end-of-model-year deals. Continue reading August Auto Sales Could Be the Worst in Nearly Three Decades
August Auto Sales Could Be the Worst in Nearly Three Decades originally appeared on DailyFinance on Tue, 31 Aug 2010 09:15:00.
Dollar General Earnings Grow, Forecast Raised
The dollar store operator said its profit rose 51% in the second quarter as consumers continue to shop for bargains amid a weak economy. Along with the profit jump, Dollar General announced plans to open 600 new stores. Continue reading Dollar General Earnings Grow, Forecast Raised
Dollar General Earnings Grow, Forecast Raised originally appeared on DailyFinance on Tue, 31 Aug 2010 07:42:00.
People@Work: Using Average Workers as Pawns in Election-Year Politics
Businesses large and small have complained for years about the cost of doing business. And it's not unusual for them to use the cost of hiring moderate-income workers to illustrate their points. Here's what they fail to mention. Continue reading People@Work: Using Average Workers as Pawns in Election-Year Politics
People@Work: Using Average Workers as Pawns in Election-Year Politics originally appeared on DailyFinance on Mon, 30 Aug 2010 08:30:00.
Week in Preview: More Housing, Employment Numbers on the Way
Investors nervous about a stalled economic recovery -- or possibly the second dip of a double-dip recession -- will watch for this week's economic data, including construction and consumer spending, factory orders and August jobless figures. Continue reading Week in Preview: More Housing, Employment Numbers on the Way
Week in Preview: More Housing, Employment Numbers on the Way originally appeared on DailyFinance on Sun, 29 Aug 2010 12:30:00.
Intel's Expected Revenue Weakness Might Be Contagious
Intel cut its guidance for third-quarter revenues, citing weak consumer PC demand. The news signals underlying trends in technology that could be a drag on companies beyond Intel. Keep an eye on companies like Microsoft, HP, Dell and AMD. Continue reading Intel's Expected Revenue Weakness Might Be Contagious
Intel's Expected Revenue Weakness Might Be Contagious originally appeared on DailyFinance on Sat, 28 Aug 2010 13:40:00.
Tiffany & Co. Quarterly Earnings: Profits Jump 19%
The luxury jeweler said its fiscal second-quarter net profit rose 19% thanks to solid growth in most regions. Tiffany also raised its full-year outlook. Continue reading Tiffany & Co. Quarterly Earnings: Profits Jump 19%
Tiffany & Co. Quarterly Earnings: Profits Jump 19% originally appeared on DailyFinance on Fri, 27 Aug 2010 08:30:00.
Diageo, Maker of Johnnie Walker, Reports $3.48 Billion Earnings
Continue reading Diageo, Maker of Johnnie Walker, Reports $3.48 Billion Earnings
Diageo, Maker of Johnnie Walker, Reports $3.48 Billion Earnings originally appeared on DailyFinance on Thu, 26 Aug 2010 09:04:00.
Diageo (DEO), maker of drinks including Guinness and Johnnie Walker, reported pre-tax earnings of £2.24 billion ($3.48 billion) for the year to the end of June, a 12% increase from a year earlier.
Sales rose 5% from a year earlier to £9.9 billion, BBC News reported. A strong performance in developing countries helped offset weaker sales in Western Europe and the United States.
"The...
Nikkei Rises on Yen's Decline, PM's Challenger Calls Americans 'Simple-Minded'
Asian markets recovered slightly Thursday. Japan's Nikkei 225 rose 0.7% and China's Shanghai Composite Index inched up 0.3%. In Hong Kong the Hang Seng edged down 0.1%. Continue reading Nikkei Rises on Yen's Decline, PM's Challenger Calls Americans 'Simple-Minded'
Nikkei Rises on Yen's Decline, PM's Challenger Calls Americans 'Simple-Minded' originally appeared on DailyFinance on Thu, 26 Aug 2010 07:15:00.
TiVo Announces Quarterly Loss of $15.3 Million
Continue reading TiVo Announces Quarterly Loss of $15.3 Million
TiVo Announces Quarterly Loss of $15.3 Million originally appeared on DailyFinance on Thu, 26 Aug 2010 06:55:00.
Television services company TiVo Inc (TIVO) reported a net loss of $15.3 million for the second quarter, compared with a loss of $2.7 million a year earlier. Net loss per share was 13 cents.
Net revenue slipped to $51.6 million, from $57.6 million a year earlier, the company said in a statement.
TiVo forecast a net loss of $19 million to $21 million for the third quarter of fiscal 2011. The...
Fire Hazard Prompts Recall of Garmin Navigation Devices
Continue reading Fire Hazard Prompts Recall of Garmin Navigation Devices
Fire Hazard Prompts Recall of Garmin Navigation Devices originally appeared on DailyFinance on Wed, 25 Aug 2010 11:11:00.
Garmin, the U.S.'s largest maker of such navigation products, said the recall applies to its nüvi brand of devices that have batteries supplied by a third party...
American Eagle Reports Earnings of 5 Cents Per Share
Continue reading American Eagle Reports Earnings of 5 Cents Per Share
American Eagle Reports Earnings of 5 Cents Per Share originally appeared on DailyFinance on Wed, 25 Aug 2010 08:36:00.
Clothing company American Eagle Outfitters (AEO) reported second quarter earnings of 5 cents per diluted share, down from 14 cents per diluted share a year earlier.
The company recorded $18 million of pre-tax closure charges related to the closing of its MARTIN+OSA business in the second quarter, American Eagle said in statement. Income from continuing operations dropped to $26 million, from $37...
Toll Brothers Reports Earnings of $27.3 Million
The luxury homebuilder reported earnings of $27.3 million for the third fiscal quarter, topping Wall Street expectations. CEO Douglas Yearley said the company is "pleased to return to profitability," even though revenues and deliveries were relatively flat. Continue reading Toll Brothers Reports Earnings of $27.3 Million
Toll Brothers Reports Earnings of $27.3 Million originally appeared on DailyFinance on Wed, 25 Aug 2010 06:50:00.
BHP Billiton Warns It Won't Buy Potash Corp 'At Any Cost'
Continue reading BHP Billiton Warns It Won't Buy Potash Corp 'At Any Cost'
BHP Billiton Warns It Won't Buy Potash Corp 'At Any Cost' originally appeared on DailyFinance on Wed, 25 Aug 2010 06:29:00.
BHP Billiton (BHP), the world's largest mining company, warned that it is not willing to buy Potash Corp (POT) "at any cost."
CEO Marius Kloppers made the warning after announcing bumper profits for the first half of the year, Reuters reported.
"I will be as disciplined on this bid as I've been on every other endeavor," Kloppers told reporters on Wednesday. "The shareholders own the company and...
Business News You Need Today: Aug. 25, 2010
Continue reading Business News You Need Today: Aug. 25, 2010
Business News You Need Today: Aug. 25, 2010 originally appeared on DailyFinance on Wed, 25 Aug 2010 05:50:00.
Stocks Dive On Drop In Home Sales: Weak housing numbers sent stocks tumbling Tuesday in New York, after a report by the National Association of Realtors showed existing-home sales plummeted 27% to their lowest levels in more than a decade. The sharp drop worried investors...
Earnings Report: With Proxy Fight Looming, Losses Mount for Barnes & Noble
Barnes & Noble reports a consolidated net loss of $63 million, or $1.12 per share. That's considerably more than the loss estimated by investors. Meanwhile, a battle with a major shareholder intensifies. Continue reading Earnings Report: With Proxy Fight Looming, Losses Mount for Barnes & Noble
Earnings Report: With Proxy Fight Looming, Losses Mount for Barnes & Noble originally appeared on DailyFinance on Tue, 24 Aug 2010 10:42:00.
Burger King Earnings, Sales Slip in Fourth Quarter
Continue reading Burger King Earnings, Sales Slip in Fourth Quarter
Burger King Earnings, Sales Slip in Fourth Quarter originally appeared on DailyFinance on Tue, 24 Aug 2010 08:27:00.
Revenue for the quarter was $623 million, 1% lower than in the fourth quarter of fiscal 2009, the company said in a statement. A 0.7% drop in worldwide comparable sales hit revenues.
Currency translation reduced diluted earnings...
Big Lots Earnings Jump 37%
Continue reading Big Lots Earnings Jump 37%
Big Lots Earnings Jump 37% originally appeared on DailyFinance on Tue, 24 Aug 2010 07:55:00.
Big Lots (BIG) on Tuesday reported second-quarter earnings that rose 37%, helped by lower markdowns, and beat Wall Street estimates. The retailer also raised 2010 earnings for the second time.
The closeout retailer, which sells everything from furniture to clothes at a discount, said that for its fiscal second quarter that ended July 31, net profit rose to $38.9 million, or 48 cents a share, from...
Chrysler Warns It Will Be 'Difficult' to Make Net Profit in 2010
As it struggles to boost sales amid an economic slump, Chrysler CEO Sergio Marchionne warns that the automaker will have a "difficult" time making a net profit in 2010. Continue reading Chrysler Warns It Will Be 'Difficult' to Make Net Profit in 2010
Chrysler Warns It Will Be 'Difficult' to Make Net Profit in 2010 originally appeared on DailyFinance on Tue, 24 Aug 2010 07:34:00.
Retail Earnings: Summer's Dog Days Will Lead to Fall Sales Struggles
After a stronger-than-expected spring, summer doldrums have hit harder than usual. Merchants' second-quarter reports and a slow economic recovery means retailers have to work hard to boost sales for the year. Continue reading Retail Earnings: Summer's Dog Days Will Lead to Fall Sales Struggles
Retail Earnings: Summer's Dog Days Will Lead to Fall Sales Struggles originally appeared on DailyFinance on Mon, 23 Aug 2010 07:00:00.
Business News You Need Today: Aug. 23, 2010
Continue reading Business News You Need Today: Aug. 23, 2010
Business News You Need Today: Aug. 23, 2010 originally appeared on DailyFinance on Mon, 23 Aug 2010 05:50:00.
More Americans Tapping Retirement Savings: Mutual-fund giant Fidelity Investments reports the number of Americans seeking to withdraw money from savings set aside for retirement is rising. More households are tapping employer-sponsored 401(k) plans to pay bills or fend off...
Week in Preview: Earnings Season Winds Down
Tiffany & Co. is among the few S&P 500 companies reporting results this week and is expected to shine. The jeweler released an iPhone app and boosted its dividend in the quarter. Canadian banks are expected to post earnings growth as well. Continue reading Week in Preview: Earnings Season Winds Down
Week in Preview: Earnings Season Winds Down originally appeared on DailyFinance on Sun, 22 Aug 2010 11:45:00.
As Market Falters, Stocks With Safe Yield Can Comfort Investors
The weakening stock market has investors fleeing for safe havens, like bonds. But some companies have a lot of cash, high operating margins and stocks with high yields -- far better ones than most bonds currently. Continue reading As Market Falters, Stocks With Safe Yield Can Comfort Investors
As Market Falters, Stocks With Safe Yield Can Comfort Investors originally appeared on DailyFinance on Sat, 21 Aug 2010 06:07:00.
DailyFinance
DailyFinance
Bits and Bytes: LTE deployments top 100; Qualcomm launches incubator subsidiary; and more
The Global mobile Suppliers Association published an update to its Evolution to LTE report, which says 101 LTE network deployments are currently in progress or planned in 41 countries. ... Read More »
RCR Wireless News Daily Update
Intelligence for All Things Wireless
Why Apple Needs a New Social Network
Technology firms play ping pong with their customers' affections. 2010 09 02 17:18
Low Mortgage Rates, Pampers: Hot Trends
'Low mortgage rates,' Pampers, 'oil rig explosion,' Burger King, 'Windows mobile phones' and 'retirement planners' are the trending topics on Google and Yahoo. 2010 09 02 17:12
($) How Microsoft Can Avoid the HPQ Trap
Increasing a regular quarterly dividend is better than special dividends and buybacks. 2010 09 02 17:00
6 Companies Hating the New iPod Touch
The new iPod touch is so cool, it makes other companies shiver. 2010 09 02 16:03
Delivering Happiness - A Billion Dollar Business Lesson From Zappos
Zappos wants to deliver happiness to the world in every way possible. This has helped the company reach way beyond its brand and reputation to a movement. 2010 09 02 14:59
As Chrome Turns Two, Google Celebrates
2010 09 02 14:58
Lujiazui Breakfast: News And Views About China Stocks (Sept. 2)
Investors and traders in China's main financial district in Shanghai are talking about the following before the start of trade today:Industrial activity in China improved in August. The purchasing managers index of the China Federation of Logistics increased to 51.7 percent from 51.2 percent. Hints of economic improvement in China helped to boost the ... 2010 09 01 22:10
'Fast Money' Recap: A Bottom?
The trading panel discussed whether the market turned or whether it was a short squeeze. 2010 09 01 18:57
MSN Money News - MSFT
News about Microsoft Corp
Consumer Watchdog: Times Square Animation On Google's Privacy Abuses May Get A Sequel
Google comes under fire by a newly released animation from Consumer Watchdog. 2010 09 02 19:43
Google, AOL Widen Alliance
Google, AOL Widen Alliance 2010 09 02 18:56
U.S. Broadband Starts To Speed Ahead
New technologies are helping the nation catch up to Asia and Europe. 2010 09 02 18:14
HP wins 3PAR for $2.4 billion as Dell drops out
Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, as rival Dell Inc bowed out on Thursday. 2010 09 02 16:14
Apple and Google to clash in music space by Christmas
Google Inc is in talks with music labels on plans for a download store and a digital song locker that would allow its mobile users to play songs wherever they are as it steps up its rivalry with Apple Inc, according to people familiar with the matter. 2010 09 02 15:16
Critical Alerts for Google, Philip Morris International, U.S. Bancorp, Walter Energy, and Burger King Released by Seven Summits Research
Critical Alerts for Google, Philip Morris International, U.S. Bancorp, Walter Energy, and Burger King Released by Seven Summits ResearchPR NewswireCHICAGO, Sept. 2CHICAGO, Sept. 2 /PRNewswire/ -- 2010 09 02 09:31
AOL and Google Renew and Expand Global Partnership
Google Inc. (NASDAQ:GOOG) and AOL Inc. (NYSE:AOL) today announced a five-year renewal and expansion of one of the largest and longest-standing partnerships in Internet history. The global alliance, 2010 09 02 08:30
Cramer's 'Mad Money' Recap: Rally Rules
Cramer advises investors to guard against complacency and to be prepared with a game plan. 2010 09 01 23:00
MSN Money News - GOOG
News about Google Inc
Murdoch: Global economy is still not out of turmoil
News Corp Chief Executive Rupert Murdoch said the global economy is still in an uncertain state and the media industry is going through a fundamental transformation that is unpredictable 2010 09 02 20:41
What The Atari 2600 Tells Us About AppleTV: Open It Up Already!
Opening a seemingly modest product to third-party developers can make magic happen. 2010 09 02 19:49
iPhone Adds Carriers in Germany
iPhone Adds Carriers in Germany 2010 09 02 18:45
U.S. Broadband Starts To Speed Ahead
New technologies are helping the nation catch up to Asia and Europe. 2010 09 02 18:14
Zacks Analyst Blog Highlights: Joy Global, Motorola, Nokia, Siemens AG and Apple
Zacks.com Analyst Blog features: Joy Global Inc. (Nasdaq: JOYG), Motorola Inc. (NYSE: MOT), Nokia Corp. (NYSE: NOK), Siemens AG (NYSE: SI) and Apple Inc. (Nasdaq: AAPL). Get the most recent insight 2010 09 02 17:05
HP wins 3PAR for $2.4 billion as Dell drops out
Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, as rival Dell Inc bowed out on Thursday. 2010 09 02 16:14
Apple and Google to clash in music space by Christmas
Google Inc is in talks with music labels on plans for a download store and a digital song locker that would allow its mobile users to play songs wherever they are as it steps up its rivalry with Apple Inc, according to people familiar with the matter. 2010 09 02 15:16
Apple's iRefresh
What Apple's latest revisions means for the direction of the company. 2010 09 01 21:50
MSN Money News - AAPL
News about Apple Inc
MSN Money News - JAVA
News about JAVA
RIM to Announce Second Quarter Fiscal 2011 Results on September 16, 2010
Research In Motion Limited (RIM) (NASDAQ: RIMM)(TSX: RIM) will be reporting results for the second quarter of fiscal 2011 on September 16, 2010 after the close of the market. A conference call and live webcast will be held beginning at 5 pm ET, which can be accessed by dialing 800-814-4859 or by logging on at www.rim.com/investors/events/index.shtml. A replay of the conference call will also be available at approximately 7 pm by dialing 416-640-1917 and entering passcode 4310309#. This replay will be available until midnight ET September 30, 2010. 2010 09 02 16:05
Apple's R&D Costs Expected to Rise
Trefis members see Apple spending more on R&D as a percentage of its gross profits. 2010 09 02 15:03
($) Like Tech? Try FDN
I'll say it again -- the Internet is the place to be. 2010 09 02 14:37
($) Getting to the Bottom of SIRI
The story is well known, but is this satellite radio play worth your investment dollars? 2010 09 02 14:00
Nokia Shares Stand To Gain 40% With Help From Emerging Markets, Apps
If developers start making more money on Nokia's mobile platform, more developers will come, which in turn should help Nokia offer a richer library of apps to its customers 2010 09 02 13:16
EU Deja Vu: Naked Short Sales are Banned
Did you ever have the strangest sense that you've been somewhere before and you wish you weren't? That was my guttural reaction this morning when I flipped my switch and scanned the morning headlines. The European Union Plans to Limit Naked Short Sales of Stocks and Government Debt read the top story on Bloomberg which brought me back -- way back -- to the days of yore. You remember that trippy maze right? It was the genesis of the modern day War on Capitalism that continues to evolve and dynamically shape the financial market construct as we know it. ... 2010 09 02 11:49
UPDATE 2-US delays Web traffic rules by seeking more comment
2010 09 01 17:22
Your app future
2010 09 01 13:06
MSN Money News - RIMM
News about Research In Motion Ltd
The 5 Dumbest Things on Wall Street: Sept. 3
This week's roundup of the dumbest actions on the Street. 2010 09 03 05:00
Tech ETF: New Faces on the Block
We may be seeing a shift in the way the markets are viewing technology stocks. 2010 09 02 18:02
ArcSight Beats, Expands Overseas
ArcSight, which has been touted as attractive M&A bait, is continuing its momentum, blowing past analysts' first-quarter estimates. 2010 09 02 17:40
Late Rally Lifts Dow Ahead of Jobs Data
Stocks spiked higher just ahead of the closing bell as investors positioned themselves ahead of Friday's marquee employment report. 2010 09 02 16:52
IBM Captures Honors as Company of the Year for 'Information Management' and 'Volume Business Servers' in Everything Channel's 2010 Annual Report Card
IBM Captures Honors as Company of the Year for 'Information Management' and 'Volume Business Servers' in Everything Channel's 2010 Annual Report Card25th Annual Award Recognizes Outstanding Partner 2010 09 02 15:00
IBM Ranked Top Services Provider
IBM Ranked Top Services ProviderIndependent Research Firm Predicts IBM Will Maintain Position through 2020PR NewswireARMONK, N.Y., Sept. 2Independent Research Firm Predicts IBM Will Maintain Position 2010 09 02 08:00
New CEO Sparks Rally in Blue Coat Shares
Blue Coat Systems' stock got a lift from the company's appointment of a sales-savvy executive to the CEO post. 2010 09 01 19:04
IBM Unveils Microprocessor
IBM Unveils Microprocessor 2010 09 01 17:42
MSN Money News - IBM
News about International Business Machines Corp
ArcSight Beats, Expands Overseas
ArcSight, which has been touted as attractive M&A bait, is continuing its momentum, blowing past analysts' first-quarter estimates. 2010 09 02 17:40
Oracle Sets the Date for Its First Quarter Fiscal Year 2011 Earnings Announcement
Oracle Corporation (NASDAQ: ORCL) today announced that its first quarter fiscal year 2011 results will be released on Thursday, September 16th, after the close of the market. Oracle will host a conference call and live web broadcast at 2:00 p.m. Pacific Time to discuss the financial results. The live web broadcast will be available on the Oracle Investor Relations website at http://www.oracle.com/investor. 2010 09 02 16:05
M&A Talk Still Swirling Around ArcSight
ArcSight is rumored to be holding an "all-hands-on-deck" meeting with employees, prompting yet more M&A speculation. 2010 09 02 13:59
Layoffs - 2010 Job Losses Continue to Mount
The job market continues to remain rocky, as more companies lay off workers. Here is a company-by-company slideshow of those who have laid off workers in 2010. 2010 09 02 13:05
ArcSight: Where's The Deal?
2010 09 02 11:01
Critical Alerts for Oracle, Potash Corp. of Saskatchewan, State Street, Agnico-Eagle Mines, and Range Resources Released by Seven Summits Research
Critical Alerts for Oracle, Potash Corp. of Saskatchewan, State Street, Agnico-Eagle Mines, and Range Resources Released by Seven Summits ResearchPR NewswireCHICAGO, Sept. 2CHICAGO, Sept. 2 2010 09 02 09:31
ArcSight -- Approach With Caution
ArcSight, which is the subject of M&A chatter, announces its first-quarter results after market close. James Rogers tells you what to expect. 2010 09 02 05:00
Marginal Performance at Ebix
Keep your eye on Margins. 2010 09 01 12:36
MSN Money News - ORCL
News about Oracle Corp