Oracle 10g Release 2 Available for Linux
Oracle TimesTen Free Download
Oracle has just announced it will acquire ProfitLogic, a privately held company that develops mathematically intensive analytic software to help retailers determine optimum product pricing.
Oracle believes it is winning the heavyweight bout between Oracle 10g and IBM’s DB2. “Basically, we are the gold standard,” said Mark Townsend, senior director of Oracle Database product management. Townsend pointed out advantages such as scalability, unique features like multi-version read consistency and Automatic Storage Management, as well as 10g’s ability to do database “updates” without blocking access to the affected rows of data.
Oracle’s stronger than expected quarterly profits have sent its shares up almost 6 percent. Oracle CEO Larry Ellison contends that customers are spending more as global economies grow and that “the North American economy is extremely strong and so is Asia and Britain.
Oracle expects that the restructuring costs associated with the PeopleSoft acquisition will be lower than anticipated, coming in at around $546m instead of $611m, a reduction of 10.6%. The company has also completed most of the legal, information system, and operational integration work for PeopleSoft and expects to be completely finished within six months.
The acquisition of TimesTen may actually be about preventing Progress from making inroads into Oracle accounts. Although Progress is miniscule compared to Oracle, Oracle may feel a defensive strategy is necessary after being continually attacked on multiple fronts.
Although Oracle’s top-line numbers may be impressive, analysts will be digging deeper to predict Oracle’s future.
Oracle announced that it is furthering its commitment to the Java developer community by making Oracle JDeveloper 10g available for free to all developers. Additionally, Oracle is proposing to spearhead a JavaServer Faces (JSF) tooling project within the Eclipse Foundation open-source community and will also join the Apache MyFaces project as a core contributor.
Oracle has posted a higher-than-expected quarterly net profit, thanks in part to the company’s acquisition of rival PeopleSoft. In pre-market trade, shares of the software giant rose 2.5 percent. Oracle beat the average analyst expectation by 3 cents with earnings of 26 cents per share.