Oracle Corp. , the second-largest software maker, rose in Nasdaq trading after forecasting profit for this quarter that may top analysts’ predictions, a sign it’s benefiting from an acquisition-fueled expansion into hardware.
Dell Inc. plans more data-storage acquisitions following the $960 million purchase today of Compellent Technologies Inc. to strengthen its hand in the market against rivals Hewlett-Packard Co. and EMC Corp.
Oracle Corp. reported sales and profit that missed analysts’ estimates as corporate customers transitioning to Web-based programs bought less hardware and software. The shares fell the most since 2011.
Hewlett-Packard Co. unveiled a tablet computer called the TouchPad in a bid to gain a foothold in the market for handheld computers, and said the product’s software, acquired in last year’s purchase of Palm Inc., will run on personal computers this year.
Oracle Corp . rose in Nasdaq trading after forecasting fourth-quarter profit that topped analysts’ predictions, a sign of growing demand for database software as well as hardware added by the Sun Microsystems Inc. purchase.
Hewlett-Packard Co. outbid at least two rivals to clinch its acquisition of ArcSight Inc., two people familiar with the $1.5 billion transaction said, underscoring HP’s willingness to offer high prices for growth.
Oracle Corp. dropped the most in more than nine years, dragging down other software makers, after it reported quarterly sales and profit that missed analysts’ estimates in a sign companies are spending less on programs that help them manage operations.