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)
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)
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)
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)
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)