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Oracle shares slip after fiscal 1st-quarter revenue falls, missing analyst estimatesOracle shares slip after 1Q revenue disappoints SAN FRANCISCO — Shares of Oracle Corp. slipped in premarket activity Thursday after the information technology company reported sales fell below analyst expectations in the latest quarter, showing that businesses are still reluctant to buy new software. Oracle profit rises 4 pct sales drop 5 pct as businesses stay tightfisted; shares fallOracle net rises 4 pct but sales drop, stock slips SAN FRANCISCO — Oracle Corp.'s profit rose 4 percent in the latest quarter, matching Wall Street's forecasts, despite a drop in sales that revealed businesses are still being tightfisted about buying new software. Oracle, Sun link up for new database machine; in doing so, Oracle snubs HPOracle, Sun link up for new product; HP snubbed SAN FRANCISCO — With the fate of its proposed $7.4 billion takeover of Sun Microsystems Inc. uncertain amid antitrust scrutiny, Oracle Corp. is moving ahead with a new product incorporating both companies' technology, and snubbing Hewlett-Packard Co. in the process. EU opens probe of Oracle-Sun deal, ending hopes for $7.4 billion deal to get done this summerEU delays Oracle-Sun deal, probing database market SAN FRANCISCO — Oracle Corp. figured its $7.4 billion buyout for Sun Microsystems Inc. could skate through antitrust scrutiny, folding Sun into a technology powerhouse when Sun badly needs the lifeline. Both companies will have to wait. Summary Box: EU applies brakes to Oracle-Sun deal on questions about database marketSummary Box: EU applies brakes to Oracle-Sun deal SLOW DOWN: European Union regulators are launching a formal antitrust investigation into Oracle Corp.'s proposed $7.4 billion takeover of Sun Microsystems Inc. Oracle expected to complete the acquisition this summer, but European regulators now have until Jan. 19 to decide whether to clear or block the deal. The U.S. Department of Justice has already approved it. EU opens probe of Oracle-Sun deal, says it wants to ensure buyer choice in database softwareEU probes Oracle-Sun deal, cites open-source issue SAN FRANCISCO — Oracle Corp. figured its $7.4 billion buyout for Sun Microsystems Inc. could skate through antitrust scrutiny, folding Sun into a technology powerhouse when Sun badly needs the lifeline. Both companies will have to wait. EU says it must check that Oracle takeover of Sun will not hike prices for database softwareEU probes Oracle's bid to buy Sun BRUSSELS — European Union regulators on Thursday launched an antitrust probe into U.S. software maker Oracle Corp.'s takeover of Sun Microsystems Inc., saying they wanted to make sure Oracle was committed to developing Sun's rival open-source database software MySQL. Sun Microsystems’ share of the server market slips as rivals exploit fears about Oracle dealSun's server share hit as antitrust scrutiny looms SAN FRANCISCO — Uncertainty about Sun Microsystems Inc.'s future appears to have contributed to serious erosion in the company's market share for computer servers in the latest quarter, according to new data being released Wednesday. |
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