Technology giant Hewlett-Packard Co. (HPQ) said Monday that the Superior Court of the State of California rejected enterprise software giant Oracle Corp.’s (ORCL) attempt to use fraud claim to undo a contract related to the continued support to HP’s customers for Oracle software running on Intel Corp.’s (INTC) Itanium platform.
Archive for January, 2012
January 31st, 2012
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January 31st, 2012
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Reinsurance Group of America, Inc. (RGA) on Monday reported a 20 percent decline in profit for the fourth quarter as higher claims and other policy benefits offset an increase in revenues. However, operating earnings and revenue beat analysts’ expectations. Looking ahead to fiscal year 2012, the company forecast earnings that are higher than analysts’ estimates.
January 31st, 2012
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Semiconductor company Integrated Device Technology, Inc. (IDTI) reported Monday a loss for the third quarter compared to a profit last year, reflecting lower margins and a drop in quarterly revenues. Adjusted earnings per share, which excludes items, came in ahead of Street estimates.
