Archive for March, 2010

Following an expensive acquisition (Sun Microsystems) and battling both IBM and SAP in the markets, Oracle still managed to post an impressive profit of $1.19 billion, or 23 cents per share, for the quarter ended February 28.

"Every quarter we grab huge chunks of market share from SAP," said Oracle CEO, Larry Ellison. "SAP’s most recent quarter was the best quarter of their year, only down 15%, while Oracle’s application sales were up 21%. But SAP is well ahead of us in the number of CEOs for this year, announcing their third and fourth, while we only had one."

Not entirely surprising, Oracle’s quarterly profit did slip by 11 percent as a result of its digestion of the $7.4 billion deal to bring Sun into its ranks. But according to Oracle’s Chief Financial Officer Jeff Epstein, the acquisition also added $458 million in revenue to the company’s bottom line.

"The Sun integration is going even better than we expected," Oracle President Safra Catz said.

Starting tomorrow, Verizon customers with a smartphone and a data plan will be able to download and use the Skype Mobile application, the VoIP provider announced on Tuesday.

"A month ago at Barcelona we wowed the mobile industry by announcing this partnership with Verizon. It seemed improbably at best to many in the industry. Why in the world would a carrier want to partner with Skype," said Russ Shaw, general manager of Moible for Skype.

Skype said its app will work on nine smartphones to begin with, including the BlackBerry Storm 9530, Storm2 9550, Curve 8330, Curve 8530, 8830 World Edition, Tour 9530, Droid, Droid Eris, and Devour. Support for more phones and platforms is expected later this year, Skype said.

With the app installed, Verizon owners will be able to make and receive unlimited Skype-to-Skype voice calls around the world, send and receive unlimited IMs with other Skype users, and take advantage of Skype’s international rates. Instead of using Verizon’s data network, Skype Mobile routes calls over the operator’s voice network, which might explain why Verizon requires a subscription to both its voice and data plans, and why it isn’t too worried about partnering with Skype.

If you’re itching to download the app, Skype says you can subscribe to its blog, follow @skypemobile on Twitter, become a fan of Skype on Facebook, or text SKYPE to 2255 on your Verizon phone to receive a text when the app is ready.

Following a brief power outage at one of Samsung’s production bases in Kiheung on Wednesday, there was some concern over what impact it would have on the company’s production. Looking to put everyone’s mind at ease, Samsung says the one hour blackout will not have a significant impact.

That’s good news in what’s already a tight DRAM market. The blackout hit Samsung’s 12-inch Fab 13 and Fab 14 facilities, which are mainly responsible for DRAM and NAND flash production. Fab 13 churns out about 120,000 wafers every month, while Fab 14 pushes out about 130,000.

This isn’t the first time a power outage has rocked Kiheung. In 2007, a serious blackout forced Samsung to temporarily shut down six of its production lines, most of which wreaked havoc on the company’s NAND flash products.

Image Credit: newscientist.com

Novell might be for sale, but only for the right price. And that price, as hedge fund Elliot Associates found out over the weekend, is higher than $2 billion.

"As you may know, on March 2nd, Elliot Associates, L.P. announced an unsolicited, conditional proposal to acquire Novell," Novell CEO Ron Hovsepian wrote in a statement. "Today we issued a press release announced that our Board of Directors has concluded, after careful consideration, including a review of the proposal with its independent financial and legal advisers, that Elliot’s proposal is inadequate and that it undervalues the company’s franchise and growth prospects. Additionally, we announced that our Board has authorized a thorough review of various alternatives to enhance stockholder value."

Novell’s true worth is a point of debate. Some analysts contend that the company should have taken the offer at $5.75 per share, while others believe its value is much higher, pointing out the company’s $1.82 billion in assets.

Novell might be for sale, but only for the right price. And that price, as hedge fund Elliot Associates found out over the weekend, is higher than $2 billion.

"As you may know, on March 2nd, Elliot Associates, L.P. announced an unsolicited, conditional proposal to acquire Novell," Novell CEO Ron Hovsepian wrote in a statement. "Today we issued a press release announced that our Board of Directors has concluded, after careful consideration, including a review of the proposal with its independent financial and legal advisers, that Elliot’s proposal is inadequate and that it undervalues the company’s franchise and growth prospects. Additionally, we announced that our Board has authorized a thorough review of various alternatives to enhance stockholder value."

Novell’s true worth is a point of debate. Some analysts contend that the company should have taken the offer at $5.75 per share, while others believe its value is much higher, pointing out the company’s $1.82 billion in assets.

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