Oracle Releases Profit Report

Tuesday, June 23 Oracle Corp. is expected to release declining sales for the fourth quarter of the year, but according to some experts the business software company finished the period strongly. Oracle is scheduled to report its quarterly results when the market closes. The company is now on the way to finish its $7.4 billion take-over acquisition of Sun Microsystems Inc., a transaction that stunned the technology world when both companies announced it in April. The transaction is supposed to close this summer. This deal is supposed to take Oracle into the market of hardware, an brand new area for the company until now.

As experts state Oracle will post profit of 44 cents per share on $6.47 billion in revenue, that will constitute a 11 percent decline from last year.

Porsche in Search of New Investors

Now Porsche is trying to improve its balance sheet by getting an outside investor. This investor appears to Qatar. At this point, the Porsche and Piech owner family controls 100% of the company's voting shares. This transaction is expected to encourage Europe`s currency market investors.

Additionally, Porsche has asked for a €1.75 billion loan from KfW which is a state-controlled bank for the remainder of a €12.5 billion credit facility, which Porsche anticipated to secure as credit markets turned downside due to financial market woes.

The outcome of the talks with Qatar and KfW are agreed to have a significant impact on Porsche's position in negotiations with Volkswagen over fusion into an integrated company. Both Porsche and Volkswagen keep silence about the current status and prospects of the merger talks since news broke that Porsche might clinch a deal with Qatar.