US Airways ( LCC) and private-equity firm TPG Capital may team up to bid for AMR ( AAMRQ.PK), the parent of American Airlines, Reuters reported, citing people familiar with the discussions.
Ciena ( CIEN), the networking equipment company, is expected by analysts Thursday to post a fiscal second-quarter loss of 3 cents a share on revenue of $447 million. Deutsche Bank is looking for a beat from Ciena on the top line with revenue of $450 million.
Jury selection begins Thursday in a trial between Hewlett-Packard ( HPQ) and Oracle ( ORCL) to settle a dispute over a software contract. Oracle last year decided to stop making its database software for some HP server systems, The Wall Street Journal noted. The move involves HP servers that use Intel's ( INTC) Itanium processors. HP is going to trial to try to force Oracle to keep making software for the Itanium servers.
TiVo ( TIVO) on Wednesday posted weak first-quarter results and second-quarter guidance. The digital video recording company posted a loss of 17 cents a share on revenue of $67.8 million. Service and technology revenue came in at $54.5 million. Analysts were expecting a loss of 15 cents a share on $54.89 million in service and technology revenue. For its fiscal second-quarter, TiVo said it expects service and technology revenue to be between $53 million and $55 million and projects a net loss of $28 million to $30 million. Analysts expect revenue of $56.5 million and a loss of $27 million.
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