Oracle beats expectations; books strong financial earnings
By Tarry Singh at 24 June, 2009, 8:20 am
The company was also pleased with its non-GAAP results, which discount certain nonrecurring costs.
“We executed substantially better than we expected on both the top and bottom line for the quarter,” Oracle CFO Jeff Epstein said in a statement. “We grew Q4 non-GAAP operating margins by a faster than expected 240 basis points to over 51 [...]
Barrons: Cisco tops the DOW; future could be challenging
By Tarry Singh at 2 June, 2009, 1:40 am
I have been collecting a lot of exciting data to write a detailed article on likening Cisco, Ericsson’s to the cool generation which is surely going to find itself in troubled waters by 2018. For now I liked this article at Barron’s. Good thing of such troublesome articles is that it can re-awaken the tired [...]
Read More >>Miami Banker with a golden heart; gives $60 million to employees!
By Tarry Singh at 15 February, 2009, 12:07 pm
This guy really rocks! That’s all I can say. “You rock, Leo!”
Lots of bosses say they value their employees. Some even mean it.
And then there’s Leonard Abess Jr.
After selling a majority stake in Miami-based City National Bancshares last November, all he did was take $60 million of the proceeds — $60 million out of [...]
Amazon, the Cloud god, books profits; surpasses expectations
By Tarry Singh at 30 January, 2009, 11:51 am
Amazon.com Inc., the world’s largest online retailer, gained as much as 19 percent in Nasdaq trading after sales and profit topped estimates, signaling that the company is outpacing EBay Inc. and its e-commerce rivals.
Fourth-quarter net income rose 8.7 percent to $225 million, or 52 cents a share, the Seattle-based company said yesterday after markets closed. [...]
EMC Q4 2009 Earnings Full Transcript
By Tarry Singh at 28 January, 2009, 1:53 pm
Read it here
Read More >>Financial Check: Actual storage utilization and your bottom line
By Tarry Singh at 27 January, 2009, 3:33 am
Good whitepaper to get a reality check from Pillar Systems.
Even as IT budgets tighten, the growth of corporate information and data mining (the utilization of information for business intelligence) mean that the need for storage is increasing faster than ever. You may have realized efficiencies with server virtualization, but your array utilization is likely to [...]
Cisco completes Richards-Zeta Building Intelligence acquisition
By Tarry Singh at 27 January, 2009, 3:23 am
Cisco’s march towards intelligent data center and enterprise, no matter how deceptively gradual it may seem, continues nevertheless. Fabric Intelligence — that is what the next decade will turn out to be. A lot of mobile work, a lot of energy friendly data centers and lot of intelligent work coming out of you and [...]
Read More >>VMware reports 42% earnings rise; beats analyst expectations
By Tarry Singh at 26 January, 2009, 1:28 pm
VMW 22.10, +0.48, +2.2%) on Monday reported a fourth-quarter profit of $111 million, or 29 cents a share, on revenue of $515 million. During the same period a year ago, the maker of virtualization-technology software earned $78 million, or 19 cents a share on $412.5 million in sales. Excluding one-time items, VMware would have earned [...]
Read More >>Foolish Forecast: VMware Q4 earnings won’t disappoint?
By Tarry Singh at 25 January, 2009, 12:44 pm
Motley Fool [one of my favorites, BTW] suggest that VMware will not disappoint tommorrow. I agree with them there. They will not make the numbers as expected [before the market/economy went south] but will still show good earnings and resistance to the harsh conditions we are in today:
With the caveat of the “large numbers” [...]
Satyam Saga continues: (PwC) Price WaterHouse Coopers Auditors arrested
By Tarry Singh at 24 January, 2009, 1:52 pm
Senior partners S Gopalakrishnan and Srinivas Talluri were booked by Andhra Pradesh police CID on charges of fraud (Section 420 of the IPC) and criminal conspiracy (120B) in the Rs 7,800 crore scam.
A conviction for fraud, if proven, carries a maximum sentence of seven years in prison and that for criminal conspiracy can range from [...]
