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Interesting to hear this but would definitely spoil the Oracle’s mood as the company might only receive $150,000 in damages from Google. There was a point in time when Oracle was trying to fetch $6 billion from Google in damages, then reduced to around $1 billion and now a few hundred million. Surprised, do not be as this is what happened in U.S. District Court of Northern California on Thursday when Judge William Alsup warned Oracle that the “most” the plaintiff might end up with is statutory damages over the nine lines of code...

With Facebook giant IPO is just round the corner, Nasdaq looking forward to a spike in the number of companies going public in the near term as in the urge to take advantage of Facebook’s listing next week. A report says that the demand for the Facebook initial public offering (IPO) is strong, while another says it is weak. Both were published less than an hour of each other. First, Reuters posted an article titled “Facebook’s IPO already oversubscribed: source”: Facebook Inc’s record initial public offering is already oversubscribed,...

During the earnings call, Sony’s CEO Kazuo Hirai revealed that a total of 1.8 million PlayStation Vita units have shipped till date in the US, Japan, Asia and Europe since from the time it launched, while the company reported a record loss. Hirai called it as a “good start” – “A game platform, like Vita — the software is the key to success, how good the software is,” Hirai told reporters and analysts during the earnings call. “We have to reinforce the software area in order to improve the business…...

With Facebook giant IPO is just round the corner, Nasdaq looking forward to a spike in the number of companies going public in the near term as in the urge to take advantage of Facebook’s listing next week.  “Facebook is obviously the most anticipated IPO in history and once that IPO comes out, I’m sure we’ll see several companies look to take advantage of that market,” Bruce Aust, executive vice president of Nasdaq’s Global Corporate Client Group, said in a presentation to analysts. “I go out there...

With the ongoing truffle between Yahoo and its investor Third Point Daniel Loeb, the company’s CEO Scott Thompson said Thursday that he had never given any wrong information over his educational qualifications as well as never provided a resume, Reuters reports. Loeb as expected hit back on the company by wrote a letter to the board asking it to fire CEO Scott Thompson over errors related to the college education listed on his resume, and replace him with chief financial officer Tim Morse or Head of Global Media Ross Levinsohn as an...