Oracle will dismiss several hundred workers in May as the world’s second largest software maker tries to rejig its faltering cloud computing strategy.
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The US software giant has issued a stern “no comment” to accusations that it hired a former senior national treasury official in order to secure a contract to supply software for a major overhaul of the South African government’s IT systems.
Oracle founder Larry Ellison has emerged as the second biggest individual investor in Tesla with a holding worth $1-billion in the electric car maker.
Tesla has added Larry Ellison and Kathleen Wilson-Thompson to its board, picking a controversial Silicon Valley luminary and a respected human resources expert to show securities regulators that it’s giving Elon Musk more oversight.
Apple’s decision to stop reporting how many iPhones it sells landed with a thud. Many analysts complained it was an attempt to hide the pain of a stagnant smartphone market.
Oracle founder Larry Ellison is a big believer in Tesla and defender of his friend Elon Musk.
Oracle has reported sluggish quarterly sales and projected anaemic growth in the current period, signalling it continues to stumble in its transition to cloud computing.
Oracle is named in a lawsuit alleging the company’s executives lied to shareholders when they explained why cloud sales were growing.
US President Donald Trump said he will take a “very serious look” at Amazon.com and what he said is an “uneven playing field” the retailer enjoys against competitors. “I’m going to study it and take a look,” Trump
Google could owe Oracle billions of dollars after an appeals court said it didn’t have the right to use the Oracle-owned Java programming code in its Android operating system on mobile devices. Google’s use of Java