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Technology Stocks : Oracle Corporation (ORCL)
ORCL 55.94+0.8%Jul 2 4:00 PM EDT

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From: Sr K7/12/2019 12:48:19 PM
   of 19071
 
Oracle Loses Legal Challenge To Pentagon's $10 Billion Cloud Contract

12:25 PM ET 07/12/2019
BY MT Newswires

Oracle argued that the contract violated procurement laws after it failed to meet certain "gate criteria" that were set as part of the JEDI acquisition process. Oracle questioned the rationality of the criteria, but the judge said the department was within its rights to establish the gates.
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