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February 17, 2014
11:20 EDTORCLCourt rules that Rimini Street infringed Oracle copyrights
On February 13, the U.S. District Court in Las Vegas entered an order granting in part Oracle's motion for summary judgment in its case against Rimini Street and its CEO, Seth Ravin. The Court ruled that Rimini Street infringed Oracle copyrights by installing PeopleSoft software on Rimini Street's computer systems in order to develop and test software updates for Rimini Street's customers. The Court rejected Rimini Street's defense that the copying was permitted by licenses held by Rimini Street's customers -- the City of Flint and Pittsburgh Public Schools. The Court also rejected Rimini Street's defense that Oracle had granted Rimini Street an implied license and ordered that partial judgment be entered in Oracle's favor. "The Court's ruling is an important vindication of Oracle's intellectual property rights," said Oracle attorney David Boies. "As the Court's ruling explains, Rimini Street has used illegal and unlicensed copies of PeopleSoft software as the basis of its business. We look forward to holding Rimini Street and Seth Ravin accountable at trial for the damages caused by their misconduct." The Court reserved for trial issues relating to certain other software and customers, and a second motion by Oracle for summary judgment on other issues remains pending.
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June 18, 2015
09:04 EDTORCLOn The Fly: Pre-market Movers
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08:19 EDTORCLOracle weakness a buying opportunity, says Susquehanna
Susquehanna said investors should be buying Oracle on weakness following its missed Q4 results. The firm cited its cloud revenue and bookings, which beat expectations, and the company's guidance for cloud revenue acceleration. Susquehanna reiterated its Positive rating and $50 price target on Oracle shares.
07:29 EDTORCLOracle cloud growth positive over the long-term, says Wells Fargo
After Oracle reported weaker than expected Q4 results, Wells Fargo says that the rapid growth in Oracle's cloud subscriptions is probably pressuring the company's financial results, but that the trend should ultimately improve its results over the longer term. The firm expects estimates for the company's performance over the next two years to be cut, but it keeps an Outperform rating on the shares.
07:05 EDTORCLOracle building strong growth foundation, says Cantor
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June 17, 2015
17:28 EDTORCLOracle says Cloud business outpacing competition
17:24 EDTORCLOracle sees becoming world's largest Enterprise Cloud company
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17:23 EDTORCLOracle sees Q1 adjusted Software, Cloud revenue up 6%-8%
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17:22 EDTORCLOracle sees Q1 SaaS, PaaS revenue growing 39%-43%
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17:21 EDTORCLOracle sees Q1 EPS in constant currency 56c-59c, consensus 61c
Sees Q1 constant currency revenue growth up 5%-8%, consensus $8.62B. Comments from Q4 earnings conference call.
16:35 EDTORCLOracle drops over 5% after reporting Q4 financial results
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16:13 EDTORCLOracle: Q4 SaaS and PaaS revenues grew at a 34% constant currency rate
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16:12 EDTORCLCrossroads Systems updates on patent litigation after Markman hearing
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16:10 EDTORCLOracle sees $1.5B-$2B new Saas, Paas business in fiscal year
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16:02 EDTORCLOracle reports Q4 EPS 78c, consensus 87c
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15:16 EDTORCLNotable companies reporting after market close
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15:16 EDTORCLOptions with increasing volume
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14:46 EDTORCLOracle June 45 straddle priced for 4.1% movement into Q4
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14:42 EDTORCLOption volume leaders
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13:50 EDTORCLOracle technical comments before earnings
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13:08 EDTORCLEarnings Watch: Analysts expect cloud to help Oracle beat 'modest' expectations
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