On the heals of what appeared to be a "green light" Monday from the EU bureaucrats on it's $7.4 billion acquisition of Sun Microsystems, Oracle reported better-than-expected second quarter sales and profit Thursday.
According to a Jeffries & Co. analyst, there appears to be a recovering market for corporate software and the second quarter for Oracle was a turning point that signals enterprise spending on software is really starting to improve.
As a one-time employee and continued supporter of Sun Microsystems, a company among the leading technology innovators in the business, I hope this week's news is a good omen for Sun. If Ellison is correct in his September statement that Sun has been losing $100 million a month, employees, shareholders and customers alike will be well served under an Oracle change in control early next year.
Scale AI faces probe amid allegations that it’s underpaying its data
labeling contractors
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The data labeling startup Scale AI Inc. is being investigated by the U.S.
Department of Labor, amid suspicions that it’s violating the Fair Labor
Standard...
