Recently when Oracle made an announcement of stopping the development of software for the Itanium microprocessor then David Donatelli, HP Executive VP, felt quite disappointed by this step.

Proving itself on the expectations of the market analysts, Oracle Corp. has earned up significant profits for itself for the fourth-quarter of the fiscal year.

Interestingly, the IT giant has easily outdone the predictions and has attained a level that is far more than what was expected.

The shares of US software-maker company, Oracle were notched up by more than 2%. The rise in the share prices was reported due to the better earnings of the company.

The Document Foundation, a splinter group of OpenOffice. org developers formed after Oracle’s acquisition of Sun, recently announced the release of LibreOffice 3.3 – the latest fork of Oracle’s Open Office software suite.

According to Engadget, the undecided Oracle-Google lawsuit, in which Oracle has been pushing for royalties from every Android phone shipped, could probably have been settled on Friday with a study.

On Wednesday, December 22, Oracle released a new version of its freely available virtual machine distribution software - the VM VirtualBox 4.0 version, which facilitates the running of several operating systems simultaneously on desktop or laptop computers.

Highlighting the fact that Oracle has posted strong results for the second-quarter, comfortably beating the Wall Street estimates, CEO Larry Ellison said in a statement on Thursday that his company is making notable advancements to compete with rivals Hewlett-Packard and IBM in the high-end server market.

According to a recent post on the website of German antitrust authority Bundeskartellamt, or Federal Cartel Office, Apple, Oracle, and EMC are involved with the Microsoft-led consortium CPTN Holdings which is working out a US$450 million purchase of 882 patents from Novell.

Oracle’s Wednesday introduction of a cloud-based suite of business applications clearly reflects the company’s plans to foray into the cloud productivity arena, and directly take on rivals Microsoft and Google.

According to a court document filed by Oracle on Friday, the company is seeking an additional $211,662,935 in "prejudgment interest" from its Germany-based rival SAP AG. The request for the additional amount comes over and above the $1.3-billion jury verdict that Oracle won in November, after a widely watched copyright infringement trial.