BlackBerry (BBRY) is up for sale. Oracle (ORCL) once saved another hardware-software company (Sun Microsystems) from certain doom. Will Larry Ellison open his wallet for the mobile market?
Imploding smartphone maker retreats to corporate market
In the wake of BlackBerry's (BBRY) financial bloodbath on Sept. 20--an expected Q2 huge revenue shortfall and a $995 million net operating loss--will the skeletal smartphone company have enough flesh on the bones to survive?
As Microsoft (MSFT) buys Nokia's cellphone business for $7 billion, it could further pressure BlackBerry (BBRY) to find a buyer amid growing competition from Windows Phone 8 and Nokia Lumia smartphones.
If there were any doubts as to Oracle CEO Larry Ellison's attitude toward Google, those were dispelled in his testimony on Tuesday morning in a San Francisco U.S. District Court courtroom. Oracle has filed suit against Google, alleging that that its Android mobile operating system infringed on patents that Oracle acquired in 2009, when it bought Sun Microsystems.
BlackBerry just posted its fiscal fourth quarter results, revealing a quarterly operating loss much smaller than analysts had feared. Shares of BlackBerry are up 6.63% (NASDAQ:BBRY) in pre-market trading. However, the revenue missed expectations and the company's cash position worsened.
The company also revealed BlackBerry 10 phone sales, which were less surprising. Read More
EMC (NYSE: EMC) CEO Joe Tucci is on stage at Oracle (NASDAQ: ORCL) OpenWorld 2012, offering Big Data, Cloud and Storage updates. But how will EMC and Oracle march forward on some fronts and compete on others? Plus, Oracle will offer public cloud updates from Executive VP Thomas Kurian.
Oracle CEO Larry Ellison can be a wellspring of newsworthy comments. Little wonder, then, that for close to an hour on Tuesday, IT journalists were rapt as he ruminated on the subjects of the day in an interview with Sun Microsystems' Ed Zander at the Churchill Club in Silicon Valley.