Oracle Court Battles not Deterring Investors before Q4 Earnings Call
Oracle has been tangled up with several court battles through this this year and late 2010. That includes SAP, Hewlett-Packard and Google, and the search giant has billions of ad revenue now at stake.
Oracle sued Google last year in claims that Dalvic, the processing virtual machine used for Android, infringes on several Java patents. In the latest twist to the case, the company filed new court papers that reveal the scale of its lawsuit: billions of dollars in damages.
“Oracle’s damages claims in this case are in the billions of dollars,” the company said in a filing, arguing that its demands “are based on both accepted methodology and a wealth of concrete evidence.”
Oracle is also trying to prevent Google from filing under seal documents. In response Google said the company’s claims are exaggerated and that its expert testimony should be excluded, further boosting an effort also supported by an earlier document.
Hewlett-Packard is also firing back on Oracle for shutting down software development for the former’s Itanium chip, though all this action doesn’t seem to be bothering investors too much. Oracle is prepping for its earnings call, and it’s expected to show some positive numbers. Forbes cited that the company’s monetization of the Sun deal has been turning a loss in revenues into profit, and that Exadata and Exalogic saw revenue growth of 50 percent in the previous quarter.
Along with lawsuits and earnings calls, Oracle – just like its competitors – also focuses on several community improvement initiatives. Its latest one is the welcoming of 55 Chicago teachers to the Oracle Academy Instructors’ Institute.
Approaching this theme from a different angle, Oracle’s VC arm is just one of a few major tech companies participated in iControl’s $50 million Series D funding round. iControl’s offerings let users remotely manage lights, connected thermostats, smart appliances, and so on. This concept, which recently landed the company a hefty contract with Comcast, caught the eye of Cisco, the Kleiner Perkins Caufield & Byers iFund, Intel Capital and others.
Since you’re here …
Show your support for our mission with our one-click subscription to our YouTube channel (below). The more subscribers we have, the more YouTube will suggest relevant enterprise and emerging technology content to you. Thanks!
Support our mission: >>>>>> SUBSCRIBE NOW >>>>>> to our YouTube channel.
… We’d also like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.