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FORTUNE -- Mark Hurd may have an impressive track record selling hardware for his former employer, Hewlett-Packard (HPQ). But that hasn't translated to immediate success at Oracle Corporation (ORCL), where Hurd now serves as president. The Redwood Shores, Calif.-based company's hardware business fell short of expectations in an otherwise strong quarter, announced earlier this week. The disappointing news sent Oracle shares down in late trading on Thursday.
According to Hurd, the reason for the decline in hardware product revenues is that Oracle is deliberately selling fewer systems at a higher price.
"Selling units that have no gross margin are easy to do," Hurd told investors on a conference call Thursday afternoon. Oracle's focus, Hurd added, is selling higher-margin machines. More
Dell's earnings and stock price are up. But is its CEO making the bold moves needed to compete with IBM and Apple?
By Katie Benner, writer
FORTUNE -- Dell Inc. isn't the No. 1 PC maker anymore, and to hear Michael Dell, the company's founder and chief executive, tell it, that doesn't much matter. Dell is a diversified technology company, offering everything from servers to systems integration. And, he insists, its future MORE
Jun 13, 2011 11:15 AM ET
The company missed the iPad revolution but says it's not worried. Should it be?
Apple watchers all figured the iPad would do well, but even they were astonished when the company sold 2 million iPads in less than one full month after its release. And that rate will probably only grow: Analyst Maynard Um with UBS estimated that Apple (AAPL) would sell at least 28 million iPads in 2010, according to MORE
Shelley DuBois, writer-reporter - Oct 19, 2010 2:59 PM ET
IBM wants to turn an entire city in Iowa into a lab. There's more in this for the company than just helping Dubuquers measure their water bills.
Downtown Dubuque, Iowa. Image by puroticorico via Flickr
On Monday, IBM unveiled the latest step in a long-term project in Dubuque. IBM will monitor how over 300 volunteer households consume water. IBM doesn't build any of the hardware—a company called Neptune built the low-flow MORE
Shelley DuBois, writer-reporter - Oct 7, 2010 12:50 PM ETEvery morning, discover the companies, deals and trends in tech that are moving markets and making headlines. SUBSCRIBE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.95 | -0.16 | -1.97% |
| Microsoft Corp | 31.27 | -0.17 | -0.54% |
| Ford Motor Co | 12.28 | -0.25 | -2.00% |
| General Electric Co | 19.39 | 0.17 | 0.88% |
| Citigroup Inc | 32.36 | -1.00 | -3.00% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,938.67 | -27.02 | -0.21% |
| Nasdaq | 2,933.17 | -15.40 | -0.52% |
| S&P 500 | 1,357.66 | -4.55 | -0.33% |
| Treasuries | 2.00 | -0.04 | -1.96% |
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