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.
Oracle Corp. said Monday it has released a fix for the flaw in its Java software that raised an alarm from the U.S. Department of Homeland Security last week. Even after the patch was issued, the federal agency continued to recommend that users disable Java in their Web browsers.
The U.S. Department of Homeland Security is advising people to temporarily disable the Java software on their computers to avoid potential hacking attacks.
Oracle says its latest quarterly earnings rose 18 percent as companies splurged on more software and other technology toward the end of the year.