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Oracle meets earnings expectations, but misses on revenue

Through aggressive M&A, Oracle (NASDAQ: ORCL) has expanded its software into areas like enterprise resource planning (ERP), customer relationship management (CRM) and middleware. But the fact remains that the company still has a tremendous franchise in the database market. And the nature of this market is awesome. For example, Oracle has recently implemented a 250 terabyte database for AT&T (NASDAQ: T) and one for 700 terabytes for Yahoo! (NASDAQ: YHOO).

It certainly makes for a highly profitable business. In Oracle's fiscal Q1 report issued Wednesday, the company posted profits of $1.1 billion or 22 cents per share and operating cash flow of $3.7 billion.

Continue reading Oracle meets earnings expectations, but misses on revenue

Super entrepreneur, Norman Brinker, dies

On Tuesday, Norman Brinker, pioneer in the restaurant business, died at the age of 78.

Norman Brinker started Steak & Ale with about $10,000 in savings and a $5,000 loan. Over a decade, he grew Steak & Ale to 109 locations. During the 1960s, Brinker developed the salad bar, which he showcased at his Steak & Ale chain. He then sold the company to Pillsbury in 1976.

However, Brinker didn't stop innovating. At Pillsbury, he formed a new concept: Bennigan's. After this, he ran Burger King (NYSE: BKC).

Continue reading Super entrepreneur, Norman Brinker, dies

Heidrick & Struggles (HSII) hunts for more business

As the economy plunged in Q4, Corporate America pulled back from recruiting top talent. No doubt, this was a big drag on Heidrick & Struggles International, Inc. (NASDAQ: HSII), which is a top global executive search firm.

In the quarter, revenues fell 12.1% to $134.9 million. Net income was $5.3 million or $0.30 per share, which compares to net income of $9.2 million, or $0.49 per share in the same period a year ago.

Continue reading Heidrick & Struggles (HSII) hunts for more business

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 26, 2009: 06:29 PM

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