|Oracle CEO, Larry Ellison|
Oracle's victory meant a happy Thanksgiving for Larry Ellison, as well as his company's shareholders. Pat Walravens, an analyst at JMP Securities, said the award represents a benefit of about 25 cents per share for Oracle shareholders, while SAP investors stand to lose $1.20 a share on full-year earnings.Oracle shares closed down 25 cents, or 0.90%, on Friday, at $27.49. SAP's stock closed up 25 cents, or 0.68%, at $36.51. > > Bull or Bear? Vote in Our Poll
On Monday, HP reported solid fourth-quarter earnings, and new CEO Leo Apotheker showed his funny side in response to a question from TheStreet. HP comfortably beat Wall Street's estimates. Like its PC rival Dell (DELL), HP noted an enterprise IT refresh. HP also gave healthy guidance and appears to be ramping up the pressure on rivals Cisco (CSCO) and IBM (IBM) with its networking and server products. Apotheker also explained that HP will be increasing its R&D. The company's R&D outlay grew to $814 million from $704 in the prior year's quarter, and the new CEO said that savings from HP's ongoing efforts to streamline its business will fund additional research. "There is always an opportunity to drive more productivity," he said during the analyst conference call. "We will use some of the savings that we generate from our efficiency initiative to invest more in R&D." HP shares closed down 54 cents, or 1.25%, at $43.20 on Friday.
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