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   Technology StocksOracle Corporation (ORCL)


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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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From: Sr K10/18/2019 3:04:20 PM
   of 19071
 
10/18/2019

1:29 PM

Oracle co-CEO Mark Hurd dies at 62

"Mark was my close and irreplaceable friend, and trusted colleague," Ellison wrote in an email to Oracle employees.

"Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle."

Hurd joined Oracle as co-president in September 2010, a month after he was ousted in a controversial fashion from Hewlett-Packard Co, where he had been chief executive since 2005.

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Wedbush Securities Steve Koenig, said he does not see any changes in how the company will be run.

"Safra and Larry have been long-time collaborators and partners in leading Oracle, and the company has a deep bench of sales talent."

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