Amid yet another dreary earnings report, Oracle Corp. (NYSE: ORCL) announced that iconic founder and CEO Larry Ellison would surrender his chief executive title after 37 years.
The one-two punch dropped Oracle stock 4% today (Friday).
But for ORCL investors, Ellison's title change, or even another weak earnings report, wasn't the biggest concern. That would be the promotion of not one, but two CEOs.
Here’s why Ellison did it – and why it’s bad news for ORCL stock…
Amid yet another dreary earnings report, Oracle Corp. (NYSE: ORCL) announced that iconic founder and CEO Larry Ellison would surrender his chief executive title after 37 years.
The one-two punch dropped Oracle stock 4% today (Friday).
But for ORCL investors, Ellison's title change, or even another weak earnings report, wasn't the biggest concern. That would be the promotion of not one, but two CEOs.
Here’s why Ellison did it – and why it’s bad news for ORCL stock…
Tech behemoth Oracle Inc. (Nasdaq: ORCL) announced Monday it's buying MICROS Systems Inc. (Nasdaq: MCRS) for $5.3 billion, a move aimed at expanding its software offerings in the hospitality and retail segments.
The news sent ORCL stock up slightly in trading today, and the acquisition is part of a long-term plan from Oracle and CEO Larry Ellison.
Here’s why the deal could continue to send ORCL stock higher…
Stock market news, June 20, 2014: The Dow Jones today (Friday) will open after a 0.09% gain on Thursday, while the S&P 500 will seek its 22nd record high so far in 2014. The Nasdaq kicks off after shedding 0.08% yesterday.
Here are the top stories affecting the stock market today...
Stock market news, June 17, 2014: The Dow Jones Industrial Average rose marginally on Tuesday despite a swath of disappointing data including higher inflation and poor housing numbers. The fourth Federal Open Market Committee meeting of 2014 began this morning, though few clues about rate hikes or tapering will be seen until tomorrow morning.
And here are the rest of today’s stock market news stories:
Update on tech stocks to buy: With the long-term decline in PC sales, many investors and the big-money guys on Wall Street are writing off software, too.
But increased sales of commercial software more than make up for the decline in PC-related software.
Today, I'm going to tell you about one of the single best software investments you can make to benefit from the profits of the entire software industry.
As a tech analyst, I spent my early years in Detroit, and I know a lot about the Rust Belt.
In fact, when I moved to the West Coast in the mid-1980s, I drove a Honda that had already started rusting. Every once in a while, some wag would come up and ask if I was from the Midwest.
No doubt, rust like that was obvious. But in my more than three decades of working with Silicon Valley companies, I've found high-tech "rust" may be a lot less obvious and much more insidious.
The good news is that while this "rust" often takes down companies, it happens to be setting up three cash-generating firms that are handing us a big opportunity now... Full Story
Investors are hoping Oracle Corp. (NYSE: ORCL) will duplicate the same stellar results posted in December when the company reports fiscal Q3 2014 earnings Tuesday after the close.
Analysts are looking for a 4% increase in revenue to $9.4 billion and earnings per share to climb a nickel year over year.
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