|Bid||16.02 x 3000|
|Ask||16.09 x 1800|
|Day's Range||15.99 - 16.45|
|52 Week Range||12.09 - 17.59|
|Beta (5Y Monthly)||1.53|
|PE Ratio (TTM)||20.82|
|Earnings Date||Feb 19, 2020 - Feb 24, 2020|
|Forward Dividend & Yield||0.48 (2.93%)|
|1y Target Est||17.66|
(Bloomberg) -- Oracle Corp. will move its marquee annual user conference to Las Vegas, abandoning its longtime venue of San Francisco due to the rising cost of visiting the city and its homeless crisis.Oracle’s OpenWorld will be held in Las Vegas beginning next year, the San Francisco Travel Association said Tuesday in a statement. The travel group, in an email reported earlier by CNBC, said the software company committed the conference to Las Vegas for three years, costing San Francisco an estimated $64 million. Oracle, headquartered about 22 miles south of San Francisco in Redwood City, California, told the travel authority that its conference guests were unhappy with San Francisco’s dirty streets and costly hotel rates, according to CNBC.Las Vegas is a key destination for technology conferences. Amazon.com Inc.’s cloud-computing arm, Dell Technologies Inc., Adobe Inc. and Hewlett Packard Enterprise Co. are just a few of the companies that host conferences in the desert city -- drawn to its large venues and inexpensive hotel room rates.Oracle declined to respond to requests for comment on the move.Oracle also holds OpenWorld conferences in Dubai, London, Singapore and Sao Paulo. The company encourages customers and partners to “register for an OpenWorld near you,” reducing the importance of the San Francisco gathering, where the company unveils new software products. The San Francisco OpenWorld generally attracted about 60,000 attendees. For years, the conference has been overshadowed by Dreamforce, rival Salesforce.com Inc.’s annual confab that the company describes as the world’s largest software conference. Dreamforce had more than 170,000 registered attendees in November.San Francisco hasn’t been a happy home for OpenWorld or Dreamforce for years, with residents complaining about street closures caused by the conferences and a surge of pedestrian traffic downtown. Local hotels swell room rates in anticipation of demand among attendees.Oracle held the first official OpenWorld conference at San Francisco’s Moscone Center in 1996, according to its website. The company’s user gatherings date back to 1982, when 50 attendees gathered for International Oracle Users Week at a hotel in San Francisco.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
Icahn said, "I can say without exaggeration that the combination of HP and Xerox is one of the most obvious no-brainers I have ever encountered in my career."
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show...
Hewlett Packard Enterprise (HPE) today announced the next major milestone in its strategy to deliver its entire edge-to-cloud portfolio as-a-Service, with the launch of HPE GreenLake Central, an advanced software platform that provides customers with a consistent cloud experience for all their applications and data, through an operational console that runs, manages and optimizes their entire hybrid IT estate. HPE unveiled HPE GreenLake Central today in a keynote address by Antonio Neri, President and CEO, at HPE Discover More Munich.
Nearly nine-in-ten (87%) ITDMs report that their organizations have started to implement aaS solutions or have already completed the process, yet seven in ten (71%) ITDMs are concerned about keeping up with the changing aaS landscape, according to the HPE "2019 As-a-Service: Driving Change Report". The report, introduced today, surveyed over 1,000 IT decision makers (ITDMs) at companies of all sizes (from 50 employees to 10,000+) across the U.S., Germany and the UK to explore the future opportunities and impact of as-a-Service (aaS) consumption models.
(Bloomberg) -- Hewlett Packard Enterprise Co. unveiled a software platform to help customers manage their increasingly fragmented information technology, marking another step in the server maker’s efforts to win a bigger place in a world shifting to cloud computing.The portal, called GreenLake Central, lets clients evaluate the cost, performance, and security of their various computer data systems, the San Jose, California-based company said Tuesday in a statement. The tool also allows companies to buy new computing services and select whether to run them on their corporate servers or those operated by cloud-computing vendors such as Amazon.com Inc. and Microsoft Corp. The effort may generate more recurring revenue in the midst of HPE’s transition to a subscription-based business model.Demand is slowing in HPE’s central server market. With global economic and trade tensions, many companies have opted not to order new servers, networking gear and storage hardware for their data centers. HPE last month reported its fourth consecutive quarter of year-over-year sales declines.To meet a goal of delivering 1% to 3% revenue growth in the next three years, the company has sought to match the flexibility of cloud services with a subscription model, so by 2022 customers will be able to pay for equipment incrementally or based on usage. HPE rival Dell Technologies Inc. said last month that it would also make all of its products available with a subscription or based on consumption.Like many established hardware makers, HPE has embraced the hybrid-cloud trend, in which corporate clients keep some data on their own systems and some on server farms operated by the big cloud vendors. All of these services create a splintered information technology environment.“With this offering, every user in a company gains access to a unique console from which to run their organization and achieve powerful business outcomes,” Chief Executive Officer Antonio Neri said in a statement.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
As Xerox makes a daring bid for HP Inc., old-line tech struggles for relevance. Weighing the future of Cisco, IBM, Intel, Oracle, and others.
FC Cincinnati has expanded its ownership group by bringing the former CEO of Hewlett-Packard and her husband on as investors.
Dell Technologies (NYSE: DELL) posted its third quarter earnings on Tuesday after the bell. Expectations were strong considering that Dell has beaten EPS estimates 100% throughout the last year and even revenue estimates 75% of the time. Total revenue of $22.84 billion was close to Refinitiv estimates of $23.04 billion.
Hewlett Packard Inc. (NYSE: HPQ) posted its quarterly earnings of 49 cents per share for the quarter ended on October 30th, overall surpassing EPS estimates four times consecutively over the last four quarters. For the quarter ended on October 30th 2019, revenue amounted to $7.22 billion, with revenues of the comparable quarter last year being $7.95 billion.
The latest U.S.-China trade war news sent stock indexes to new highs. A look at some quarterly earnings results from Best Buy and others. And we close with why Zendesk (ZEN) is a Zacks Rank 1 (Strong Buy) stock right now...
Shares of Hewlett Packard Enterprise Co. dipped 3% in after-hours trading Monday after the computing giant reported fourth-quarter revenue that fell short of analyst estimates.
U.S. tech companies, such as Seagate, Western Digital, Intel and Hewlett Packard Enterprise, are reportedly profiting from China’s surveillance industry according to the Wall Street Journal. Yahoo Finance’s Adam Shapiro, Julie Hyman, Brian Cheung, Scott Gamm and Dan Howley to discuss on On The Move.