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
Oracle and Hewlett-Packard rarely miss an opportunity to diss each other. The latest round of press releases and quarterly earnings calls are no exception.
Earlier this week Oracle (ORCL) issued an oddly-worded announcement saying it would halt all development on software compatible with Intel's (INTC) Itanium microprocessor, and took the opportunity to point out that HP (HPQ) CEO Leo Apotheker did not mention his plans for Itanium in a recent presentation MOREMichal Lev-Ram, writer - Mar 25, 2011 11:40 AM ET
Oracle's reclusive president continues to make the case that U.S. companies should be allowed to help the economy by brining overseas earnings home, nearly tax-free.
By Dan Mitchell, contributor
There is a big difference, says Oracle President Safra Catz, between the $800 billion federal stimulus package and the "repatriation" of $1 trillion in foreign corporate holdings that she advocates. Unlike the stimulus, "my money has already been printed," she said Friday, drawing MOREScott Olster, editor - Mar 14, 2011 11:27 AM ET
In Hurd, Oracle gets an executive who has now been competing at the highest level with its most important adversaries. And if Hurd can adjust to being a second banana, Oracle now has a plug-and-play heir to Ellison should one be needed.
As a testament to the value of one man, it doesn't get any better than this: On a day the market is back to its bad old ways MOREAdam Lashinsky, Sr. Editor at Large - Sep 7, 2010 3:20 PM ET
Oracle's hiring of ousted HP CEO Mark Hurd sends two signals: Larry Ellison doesn't plan on calming his executive suite -- and IBM is even more in his sights.
On paper, everything is right about Mark Hurd becoming co-president of Oracle (ORCL). He is the operational yin to CEO Larry Ellison's innovative yang. Once the innovators of Silicon Valley looked down on the business people who knew how to make budgets, MOREAdam Lashinsky, Sr. Editor at Large - Sep 7, 2010 12:52 AM ET
Strong first quarter earnings underscore the prowess of Oracle's Ellison.
I spent most of the summer reporting and writing a feature story about Safra Catz, the enigmatic co-president of Oracle (ORCL). I talked to oodles of people about Catz's ambitions, her value to the company, the likelihood of her becoming CEO, and her relationship with Charles Phillips, Oracle's other co-president.
All this is in the article, published in the current issue of MOREAdam Lashinsky, Sr. Editor at Large - Sep 16, 2009 5:13 PM ET
She's CEO Larry Ellison's secretive but effective right hand, and one of the most powerful women in Silicon Valley. But who is she, really?
After months of on-again-off-again negotiations to sell itself to IBM, Sun Microsystems this spring found a new, if unlikely, suitor. Oracle, the business-software giant, in many ways promised to be a better fit for Sun, the beleaguered maker of server computers.
A Silicon Valley neighbor whose CEO, Larry MOREAdam Lashinsky, Sr. Editor at Large - Sep 10, 2009 10:11 AM ET
|Someone bought a $100,000 Tesla with Bitcoins|
|Economy is improving but why doesn't it feel that way?|
|Where should you put your money now?|
|2 million Facebook, Gmail and Twitter passwords stolen in massive hack|
|Stocks pop after jobs report|