During five days in August 2011, Adobe Systems Inc.’s top executives sequestered themselves in an 18th-floor boardroom atop the software maker’s Silicon Valley headquarters to address an emerging threat: the cloud.
Microsoft Corp.’s fiscal second- quarter earnings will be less than previously expected due to weak demand for personal-computers and the company’s new tablet, Surface, according to Brent Thill, an analyst at UBS AG.
Oracle Corp. reported fiscal third- quarter sales and profit that fell short of analysts’ estimates as the software maker faced stiffer competition from Salesforce.com Inc. and rivals selling Internet-based programs.
Oracle Corp. , the world’s second- biggest software company, hired former Hewlett-Packard Co. Chief Executive Officer Mark Hurd as a president and board member, reporting to CEO Larry Ellison . Oracle shares jumped.