SAN FRANCISCO (Reuters) – Oracle Corp (ORCL.O: Quote, Profile, Research) missed expectations for software sales and subscriptions for the second straight quarter, sending its shares plunging as investors worried CEO Larry Ellison may have trouble getting the technology giant back on track.
On Thursday, Oracle executives forecast that new software sales and subscriptions will rise 0 percent to 8 percent this quarter and blamed weakness in the past quarter on disappointing sales in Asia and Latin America.
SAN FRANCISCO (Reuters) – Oracle Corp on Thursday reported a 1 percent increase in quarterly revenue from new software sales and Internet-based software subscriptions, at the low end of its own forecasts, sending its shares sharply lower.
Oracle, which is trying to fend off increasingly aggressive rivals focused on providing software over the cloud or Internet, also said it will move its stock listing to the New York Stock Exchange in July from the Nasdaq and that it plans to double its quarterly dividend.
SAN FRANCISCO, June 19 (Reuters) – Chip designer ARM
said the size and depth of its partner network across hardware
and software gave it an edge in mobile technology that top
chipmaker Intel Corp and new graphics rival Nvidia Corp
would struggle to match.
Incoming chief executive Simon Segars said the British
company’s power efficient technology was deeply embedded in
smartphones and tablets because it was licensed so widely,
saving chipmakers development costs and ensuring compatibility.
(Reuters) – Shares of chipmaker Nvidia surged nearly 6 percent on Wednesday after the company said it plans to license its graphics technology, opening the door to new business with Apple, Samsung Electronics and other mobile device makers.
Chief Executive Officer Jen-Hsun Huang told the Reuters Global Technology Summit in San Francisco on Tuesday that licensing graphics cores and visual patents would help Nvidia take greater advantage of the booming market for smartphones and tablets and tap markets it could not reach through selling its own chips.
SAN FRANCISCO (Reuters) – Nvidia Chief Executive Jen-Hsun Huang said he will license graphics technology to other companies, a new model for the chipmaker that could lead to new business with Apple, Samsung and other mobile device makers.
Huang told the Reuters Global Technology Summit in San Francisco on Tuesday that licensing graphics cores and visual patents would help Nvidia take more advantage of the booming market for smartphones and tablets and tap markets it could not reach through selling its own chips.
SAN FRANCISCO, June 12 (Reuters) – Gilberto Nobili is an IT guy, but he doesn’t sit in an office like other information technology workers. His workspace skims across San Francisco Bay at 50 miles per hour.
The Java developer and Oracle Team USA crew member is using personal electronics like smartphones and tablets to give his side a high-tech edge in the upcoming America’s Cup regatta between the most advanced sailboats ever built.
SAN FRANCISCO, June 10 (Reuters) – Texas Instruments
on Monday narrowed its forecast range for current-quarter
revenue, in line with Wall Street estimates, as new
semiconductor orders rose after a drop last year.
TI estimated second-quarter revenue of $2.99 billion to
$3.11 billion, compared with previous expectations of $2.93
billion to $3.17 billion.
SAN FRANCISCO, June 7 (Reuters) – Sweden’s Artemis Racing said on Friday it will remain in the America’s Cup sailing regatta following a fatal accident last month, but that it will not be ready in time for the start of preliminary races scheduled for early July.
The participation of Artemis in the regatta, scheduled to begin on July 4 and go into September, was thrown into doubt after its 72-foot (22-metre) catamaran capsized and broke apart on May 9 during a training session, the second time one of the controversial multihulled boats has flipped in San Francisco Bay.
SAN FRANCISCO (Reuters) – The head of New Zealand’s America’s Cup team has sharply rejected the idea of major changes to the sailing competition’s high-tech catamarans in the wake of an accident that killed a British sailor.
Grant Dalton, managing director of Emirates Team New Zealand, told Reuters on Thursday that he supported new safety rules put forward last week by event organizers. But he dismissed suggestions by some sailors, including members of the Artemis Racing team that suffered the accident, that big changes such as smaller sails or power-assisted on-board controls were necessary.
SAN FRANCISCO (Reuters) – Samsung Electronics has chosen an Intel Corp processor to power a new version of one of its top-tier Android tablets, a source with knowledge of the plans told Reuters, in a major victory for the U.S. chipmaker, which is struggling to find its footing in the mobile market.
Samsung has chosen Intel’s Clover Trail+ mobile chip for at least one version of its Galaxy Tab 3 10.1, which competes with Apple Inc’s iPad, a source familiar with the matter told Reuters on Thursday, speaking on condition of anonymity because the specifications have not been announced.