Tech Biz Roundup: Oracle Duels H-P, Apple’s iPhone Expands Reach
Oracle’s (NASDAQ:ORCL) and Hewlett-Packard’s (NYSE:HPQ) separation trial gets under way Thursday, with jury selection due to begin. The dispute centers on the former’s decision in 2011 to cease the development of database software for H-P servers that run Intel Itanium CPUs, which production the latter wants the court to force to be continued.
Don’t Miss: Oracle: We Want to Be Just Like Apple.
Shares of prepaid carrier Leap Wireless (NASDAQ:LEAP) spike and fall back, following word that it will begin selling the iPhone (NASDAQ:AAPL) on June 22, at the same time of a $55 per month unlimited voice/text/data plan. Leap’s subsidies are far lower, as the phone will be sold without contracts, which should help it get past its tough first quarter, when it lost market share to competitors nationwide. Several regional domestic carriers are now offering the iPhone, and Leap’s 16 gigabyte iPhone 4S will sell for $500, and the 8 gigabyte iPhone 4 is priced at $400.
Amazon (NASDAQ:AMZN) shares move up on Thursday after Nomura posits that the firm’s margins might be bottoming. Margins have continually fallen as AMZN ramped its e-commerce, Kindle, and web services investments. The analyst pointed out higher fees for shipping and other changes to policy that could “signal an increasing sense of economic discipline”, as may $1.2 billion worth of stock repurchases.
Don’t Miss: Amazon Beats Netflix to the Punch.
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