America’s Cup champion Oracle Team USA sustained damage to its newest catamaran just minutes into the first day of its two-boat testing program on San Francisco Bay.
Oracle is still having trouble closing enough business software deals to keep Wall Street happy. The quarterly results announced Thursday could escalate investors’ fears about Oracle’s ability to adapt to the changing demands of its customers.
The skipper of Oracle Team USA said his sailing team is brimming with confidence as it looks forward to sailing on home waters before an enthusiastic home crowd at the 34th America’s Cup match, beginning Sept. 7 on San Francisco Bay.
With a traditional splash of champagne, defending America’s Cup champion Oracle Team USA christened and launched its new 72-foot, wing-sailed catamaran on Tuesday.
Oracle Team USA won the 2012-13 America’s Cup World Series overall championship Sunday. Italy’s Luna Rossa took the Naples series for the second consecutive year.
Shares of Oracle plummeted in Thursday trading a day after the enterprise software giant reported earnings that missed analysts’ expectations by a wide margin.
Oracle Corp. on Wednesday reported flat earnings for its fiscal third quarter, hurt by a continued drop in sales of hardware systems and a surprise decline in sales of new software – which the company attributed to a lackluster performance by its expanding sales force rather than lack of demand.
Oracle Corp. CEO Larry Ellison bought a small Hawaii airline Tuesday, less than a year after he bought most of the Hawaiian island of Lanai.
Some Mac users were taken by surprise Thursday as their computers stopped running programs written using the Java programming language after Apple blocked Java due to security problems.
Now that President Barack Obama has named immigration reform one of his top priorities this year, some technology giants of Silicon Valley plan to press for changes that would help them bring more skilled workers to the U.S.