Oracle News Desk

Larry Ellison seemed firmly in control at a recent "Town Hall" meeting with Scott McNealy. Meanwhile, the future of Java is being debated, and at least one industry pundit did not like the Consumer Electronics Show's recent emergence as the center of all attention in the IT industry. ... (more)

Iron Age Shoes Transforms Business With Oracle's Java-Based Software Suite

Oracle announced that Iron Age Shoes has implemented the Oracle E-Business Suite, including Oracle Financials, Oracle Advanced Procurement and Oracle Inventory, Oracle Warehouse Management and Oracle Order Management. The project is part of an overall turnaround strategy in which the industrial footwear retailer is transforming operations to reduce costs, improve performance and increase its share of the growing global market for safety and work shoes. The new systems help provide Iron Age with accurate and timely insight to financials, operations and sales, and enable the retail... (more)

Ellison Planning to Sell 100M Oracle Shares, Could Raise $2.06 Billion

Larry Ellison is planning to sell up to 100 million of his Oracle shares between September and June. Using the stock's $20.61 close last Friday as a yardstick, he could raise about $2.06 billion for asset diversification and sheer liquidity. Ellison also plans to gift around two million shares to the Ellison Medical Foundation, leaving him with roughly 1.173 billion shares or 22.7% of the company. ... (more)

Oracle-Sun: Transaction Uncertainty Is What Led Sun to Oracle Over IBM

According to the Wall Street Journal this morning, Oracle - rather than IBM - acquired Sun because of "transaction uncertainty" among Sun's board of directors - mainly caused by Big Blue lowering its bid price from $10 to $9.40 per share, and specifying that the deal was contingent on other items and conditions. Reporter Dan Gallagher notes that while IBM isn't mentioned in the filing by name, Sun's references to "Party A" and "Party B" can only refer to IBM and Oracle, the two companies involved in the dramatic first few weeks of April. As we all now know, Oracle delivered an offe... (more)

Worldwide Praise for Oracle Application Server 10g

Oracle announced that its customers the world over are utilizing the integration and J2EE capabilities of Oracle Application Server 10g for, among other things, integration of disparate applications and deployment of Java programs. Customers are citing the simplicity and ease with which J2EE integrates enterprise applications, even when those systems span different regions, networks, and sectors within a company, Oracle says.  Thomas Kurian, senior vice-president of Oracle Server Technologies offered a ... (more)