oracle

Oracle turns in a mixed bag in 2nd-quarter results

Oracle today reported better-than-expected second-quarter earnings, revenue that was lighter than estimates, and hardware system product sales that fell 23 percent from a year ago.

In other words, Oracle's quarter was a mixed bag (preview).

Oracle reported second-quarter earnings of $2.6 billion, or 53 cents a share, on revenue of $9.1 billion, up 3 percent from a year ago. Non-GAAP earnings were 64 cents a share.

Wall Street was expecting Oracle to report second-quarter earnings of 61 cents a share on revenue of $9.02 billion.

New license and cloud revenue was up 17 percent in the … Read more

Apple updates Java for OS X

Apple has released a couple of Java updates for OS X, which bring the supported Java SE 6 runtime to the latest version (1.6.0_37) in order to tackle multiple vulnerabilities that were found in Java 1.6.0_35, the last version of Apple's Java runtime.

Most of the vulnerabilities addressed were those that allowed untrusted Java applets to run code outside of the Java sandbox. Similar vulnerabilities have been found in past versions of Java and are not uncommon bugs in programs; however, Java has recently gained a bit of a marred reputation following several outstanding vulnerabilities … Read more

Ellison reportedly mulls bid for sports-entertainment empire

Larry Ellison has apparently not given up on his dream of owning an NBA team.

The Oracle chief executive is considering a potential bid for Anschutz Entertainment Group, a sports and entertainment empire that holds an ownership stake in the Los Angeles Lakers, according to a Reuters report. Ellison, who recently plunked down a reported $500 million for a Hawaiian island, would likely have to pony up around $10 billion for AEG, which is owned by fellow billionaire Phil Anschutz.

CNET has contacted Oracle for comment and will update this report when we learn more.

In addition to its interest … Read more

Oracle appeals ruling in lawsuit over Google's use of Java

Oracle announced today it plans to appeal the verdict in its long-running patent and copyright battle with Google over Java.

The database giant filed a "notice of appeal" with the U.S. District Court for the Northern District of California for an appeals court review of Judge William Alsup's decision in the trial, which found that Oracle's Java API was not copyrightable.

Oracle sued Google for copyright infringement related to Google's use of 37 Java APIs used on its Android mobile operating system. Google argued it was free to use them because the Java programming … Read more

Oracle taps Nokia for maps

Nokia and Oracle are expected to announce a deal tomorrow that will give Oracle customers access to Nokia's growing stable of data and location services.

The deal, which is due to be announced at the OpenWorld conference in San Francisco, is expected to expand the reach of the Finnish handset maker's Navteq mapping services, The Wall Street Journal reported. Financial details of the arrangement were not revealed.

Nokia reportedly confirmed the deal, but CNET has has contacted Nokia and Oracle for comment and will update this report when we learn more.

Nokia has been looking to ramp up … Read more

Oracle databases easy to hack, says researcher

A researcher showed today that Oracle's databases could be hacked with brute-force attacks using only the database's name and a username, according to Kaspersky Lab Security News.

Esteban Martinez Fayo, who works for AppSec Inc., was demonstrating his discovery at a security conference in Argentina and said that within just five hours on a regular PC using a special tool he could hack through easy passwords and access users' data.

"It's pretty simple," Martinez Fayo told the security blog Dark Reading. "The attacker just needs to know a valid username in the database, and … Read more

Oracle's profit looks fine, but sales? Not so much

Enterprise technology giant Oracle announced on Thursday first quarter earnings of 53 cents per share and revenues of $8.21 billion, matching analysts' estimates for share price but falling short of revenue expectations of $8.42 billion.

Despite the drop in sales, the company's net profits on a GAAP basis are up for the quarter ended in August. Shares fell by about 2 percent in after hours trading.

Here's a look at the numbers:

New software licenses & cloud software subscriptions revenues (GAAP) up 5 percent to $1.6 billionSoftware license updates and product support revenues (GAAP) up … Read more

Tech execs top Fortune's list of powerful women

Fortune's list of the 50 most powerful women in business is out, and it come as no big surprise that some of the top players work in the tech industry.

Ginni Rometty, IBM's recently appointed CEO, nabbed the No. 1 spot, up from No. 7 last year. Rometty, a longtime IBMer, ran Big Blue's sales operations before taking over as chief executive in January. Fortune noted she's now in charge of delivering on some of IBM's biggest changes, such as buying PwC and developing a five-year growth plan.

Meg Whitman, CEO of IBM rival Hewlett-Packard, … Read more

Oracle must pay Google $1M for court fees, judge says

The federal judge in Oracle v. Google has given up on trying to find any more paid journalists, bloggers, and similar commentators in the case while also ordering Oracle to hand some money over to Google.

In a new order issued yesterday, Judge William Alsup said that the U.S. District Court of Northern California would "take no further action regarding the subject of payments by the litigants to commentators and journalists and reassures both sides that no commentary has in any way influenced the Court’s orders and ruling herein save and except for any treatise or article … Read more

Oracle wants more than the $306 million promised in SAP lawsuit

Oracle is due to receive a hefty amount in legal damages from SAP, but the database giant wants more.

In early August, SAP agreed to pay Oracle $306 million following a trial that found SAP guilty of copyright infringement. The jury verdict reached in 2010 determined that Oracle should receive $1.3 billion in damages.

But last September, U.S. District Judge Phyllis Hamilton deemed that amount excessive and gave Oracle a choice of accepting $272 million in damages or requesting a new trial.

The amount ballooned to the$306 million agreed upon last month. At the time, Oracle general … Read more