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Mar 26, 2013

Oracle unveils faster gear to energize hardware business

REDWOOD CITY, California (Reuters) – Oracle Corp Chief Executive Larry Ellison unveiled a new line of faster servers on Tuesday, the latest step to revive a shrinking hardware division and shore up a core software business threatened by smaller rivals.

Servers built with Oracle’s new “T5″ microprocessors have beaten several performance records and run business databases and applications much faster than previous versions, the billionaire told reporters at a launch event in Redwood City.

Mar 21, 2013

Wall Street questions Oracle’s strategy after weak Q3 sales

SAN FRANCISCO (Reuters) – Oracle’s severe miss in quarterly sales, dismissed by management as a blip, amplified questions on Wall Street about the business-software giant’s diminishing clout in an industry moving rapidly toward cheaper Internet-based rivals.

Senior management assured Wall Street on Wednesday that a worrying 2-percent slip in new software sales was mostly due to a sales force that lacked “urgency”, something to be addressed this quarter. Many analysts agreed, describing the decline in software and hardware revenues as a speed bump.

Mar 21, 2013

Oracle blames sales force for third-quarter miss, stock drops

SAN FRANCISCO (Reuters) – Oracle Corp blamed its rapidly expanding sales force for a severe miss in third-quarter software sales and warned that its ailing hardware business will lose more ground this quarter, driving its shares 8 percent lower on Wednesday.

The world’s No. 3 software maker projected a 1 to 11 percent rise in new software licenses and Internet-based subscriptions in the May quarter – an indicator of future performance. But investors focused on a 2 percent slip in the February quarter that badly missed Wall Street’s targets.

Mar 21, 2013

Oracle blames sales force for Q3 miss, stock drops

SAN FRANCISCO (Reuters) – Oracle Corp blamed its rapidly expanding salesforce for a severe miss in third-quarter software sales and warned that its ailing hardware business will lose more ground this quarter, driving its shares 8 percent lower on Wednesday.

The world’s No. 3 software maker projected a 1 to 11 percent rise in new software licenses and Internet-based subscriptions in the May quarter – an indicator of future performance. But investors focused on a 2 percent slip in the February quarter that badly missed Wall Street’s targets.

Mar 20, 2013

Oracle blames sales force for Q3 miss, projects Q4 growth

SAN FRANCISCO (Reuters) – Oracle Corp (ORCL.O: Quote, Profile, Research) forecast a return to growth in new software sales this quarter, after blaming its rapidly expanding salesforce for a severe miss in third-quarter revenue that drove its shares 8 percent lower on Wednesday.

The world’s No. 3 software maker projected a 1 to 11 percent rise in new software licenses and Internet-based subscriptions in the May quarter, following a 2 percent slip in the February quarter that badly missed Wall Street’s targets.

Mar 20, 2013

Oracle’s quarterly results miss Street, stock drops

SAN FRANCISCO, March 20 (Reuters) – Oracle Corp’s
revenue missed expectations in the February quarter, adding to
concerns on Wall Street about sluggish enterprise IT spending
and sending shares of the world’s No. 3 software maker sharply
lower.

Oracle posted a 2 percent drop in new software sales and
Internet-based software subscriptions to $2.3 billion in its
fiscal third quarter.

Mar 19, 2013

Nvidia unveils virtual graphics server in push beyond PCs

SAN JOSE, California (Reuters) – Chipmaker Nvidia on Tuesday unveiled a server product that allows multiple individuals to virtually connect through low-end PCs to work on graphics-intensive tasks like image processing, Nvidia’s latest move to diversity as its traditional PC market loses ground to tablets.

Nvidia has been looking for new markets for its graphics chip expertise, including enterprise computing, mobile devices and hand-held game devices.

Mar 19, 2013

Intel’s media unit on hiring spree to prep for TV debut

SAN FRANCISCO (Reuters) – Intel Corp’s media group has been on a hiring spree as it prepares to launch an Internet television service later this year, underscoring the chip maker’s seriousness about the new business.

Intel Media is now looking to add 60 people to its staff of over 300, said spokesman Jon Carvill. He said the group could number 400 within the next six months or so, compared to less than 100 a year ago.

Mar 18, 2013

Global PC shipments falling more than expected -IDC

SAN FRANCISCO, March 18 (Reuters) – Global PC shipments,
already hit by consumers’ growing preferences for tablets and
smartphones, are falling more than previously predicted due to
weakness in China, according to market research firm IDC.

Slower February shipments in China caused by government
budget cuts and other factors mean worldwide PC shipments could
fall by a “double-digit” percentage in the first quarter,
compared with a previous estimated decline of 7.7 percent, IDC
said in a report on Monday.

Mar 12, 2013

Apple’s iPads to fall behind Android tablets this year: IDC

SAN FRANCISCO (Reuters) – Shipments of Apple Inc’s iPads will fall behind the growing variety of tablets running Google Inc’s Android platform for the first time this year as smaller-sized devices catch on with more consumers, research firm International Data Corp (IDC) said on Tuesday.

iPad shipments are expected to account for 46 percent of the market in 2013, down from 51 percent last year, IDC said. Devices running Android are expected to grow their market share to 49 percent this year from 42 percent last year.

    • About Noel

      "Based in Thomson Reuters' San Francisco news bureau, Noel Randewich covers the semiconductor industry and the growing use of microchips in everything from smartphones to home energy management. Prior to his San Francisco posting, Mr Randewich spent a decade covering emerging markets news in Mexico City."
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