Oracle will announce its next-generation flagship applications suite at a company event next week.
Published:
1 October 2000 y., Sunday
Oracle will announce its next-generation flagship applications suite at a company event next week, which may help spur recently lackluster sales in the company's fastest-growing business.
At the Oracle ORCL OpenWorld 2000 event at the company's headquarters, Chief Executive Larry Ellison is expected to debut new products that could heat up the e-business software rivalry between Oracle and Microsoft - the world's two largest software powers.
The announcement comes just weeks after lower-than-expected application sales in the August quarter took an 8 percent bite out of Oracle's stock. And it comes just days behind Microsoft's rollout of a family of new e-commerce software.
Key for Oracle will be its attempts to market its product as the most reliable suite of software for handling cost-cutting corporate tasks such as online procurement, human resources management and customer relationship management. The new software is expected to be phased in over the next six months.
Oracle's new software - along with increased efforts in sales and marketing -- may help ensure that the company won't disappoint analysts with its application software sales in future quarters. The company's applications business, which drives Oracle's stock valuation, increased sales 42 percent in its August quarter, to $156 million. Larry Ellison, Oracle's chief executive, said the sales gains came at the expense of competitors, especially Microsoft and IBM .
In addition to a planned applications suite update, Oracle plans to unveil a revision of its top-selling software product: the Oracle's 8I database. It's expected to come with improved administration software and better security functions.
Šaltinis:
CBS.MarketWatch.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Software company announced new structure_ of it_s business.
more »
The iPhone's new “ATM Hunter” is a a free iPhone application built by MasterCard that allows users to quickly find the ATMs that are closest to them.
more »
In security breach cases last year, such as Hannaford Bros. supermarket and the card processing firm Heartland Payment Systems, cybercriminals gained access to millions of consumers' credit card details.
more »
Ingenico, a provider of payment solutions, says contactless technology will split the retail market this year, improving sales figures for early adopters and costing those who shun the additional investment in this burgeoning technology.
more »
Widevine Technologies today announced that the US Patent and Trademark Office has reconfirmed the validity of many claims of Widevine's U.S.
more »
Nokia Corp., the world's largest maker of cell phones, is making a large investment in California-based Obopay Inc., a startup that's pushing person-to-person mobile-payments technology.
more »
The increasing amount of overlap and duplication of data, tasks and processes in their anti-fraud and anti-money laundering divisions is driving banks to seek synergies between compliance, risk management and security, according to a new report from Datamonitor.
more »
The total number of IPTV subscribers worldwide passed the 20mn mark at the end of 2008, according to new figures from Informa Telecoms & Media, taking into account both disclosed and estimated figures.
more »
The IPTV World Forum opened its doors this morning on a bright London day, and the mood was equally optimistic indoors, with the conference rooms packed for keynote presentations from Christopher Schläffer of Deutsche Telekom, Christophe Forax from the European Commission and the BBC's Richard Halton, charged with making Project Canvas a reality.
more »
A new Gartner Inc. report suggests that financial fraud could drive consumers away from banks and into the arms of electronic payment systems, such as PayPal, that they perceive to be more secure.
more »
In the last year this more than doubles the number of cards and devices in circulation around the world.
more »