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Stock Market & Financial Investment News

News Breaks
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.
News For ORCL From The Last 14 Days
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January 26, 2015
11:05 EDTORCLPension funds urge Oracle to improve governance, Bloomberg says
Two pension funds that own Oracle stock sent a letter to Oracle's board urging the company to allow shareholders to nominate their own candidates for directors, change the compensation of executives, and make the company easier to communicate with, says Bloomberg. Reference Link
06:09 EDTORCLStocks with implied volatility below IV index mean; ORCL NFLX
Stocks with implied volatility below IV index mean; Oracle (ORCL) 17, Netflix (NFLX) 31 according to iVolatility.
January 25, 2015
17:32 EDTORCLOracle shares could climb over 20%, Barron's says
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January 23, 2015
05:57 EDTORCLStocks with implied volatility below IV index mean; ORCL ARNA
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January 22, 2015
17:05 EDTORCLOracle to host educational webcast
"Executive Access for Investors" educational webcast to be held on January 28 at 12 pm.Webcast Link
11:32 EDTORCLF5 Networks plummets after Q2 outlook trails estimates
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08:57 EDTORCLIxia slides after Oracle unveils Virtual Compute Appliance X5
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07:55 EDTORCLOracle management to meet with UBS
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January 21, 2015
17:00 EDTORCLCisco down 1.4% after Oracle's Ellison says VCA cheaper than Cisco product
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16:58 EDTORCLOracle introduces Virtual Compute Appliance, Bloomberg reports
Oracle's (ORCL) Ellison says Virtual Compute Appliance is half the price of equivalent Cisco (CSCO) hardware, added Bloomberg, citing comments from an event at Oracle headquarters.
07:46 EDTORCLOracle management to meet with UBS
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January 20, 2015
08:36 EDTORCLOracle management to meet with UBS
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January 15, 2015
06:04 EDTORCLStocks with implied volatility below IV index mean; ORCL ARNA
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January 14, 2015
06:03 EDTORCLStocks with implied volatility below IV index mean; ORCL ARNA
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January 13, 2015
06:25 EDTORCLOracle settles legal dispute with Alibaba Health, WSJ reports
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