Oracle eyes new competition as it pushes into the cloud

23 Jun 2015 | Author: | No comments yet »

Oracle Announces More than Two Dozen New Cloud Services.

Oracle has launched a number of new cloud services that the company claims will provide enterprises with all the tools they need to run their operations in the cloud. “We’re now able to call our cloud services complete, with today’s announcement.Last week, Oracle (ORCL) shares fell after a top-line miss in its fiscal fourth-quarter report, including the largest license miss in recent memory, dividing bulls and bears over the stock’s fate going forward.

[at Barrons.com] – Now Credit Suisse’s Michael Nemeroff, Kyle Chen, and Alexander Hu have a read through for related small- and mid-cap software names in their coverage.During today’s Oracle Cloud Launch, held today at the Oracle Convention Center in Redwood Shores, California, the company will announce new Oracle Cloud Platform services. You can now move all your applications out of the data center and into the Oracle cloud,” said Larry Ellison, executive chairman and chief technology officer, on a webcast Monday. While F1Q total revenue / EPS guidance of +5-8% yr/yr / $0.56-$0.59 in CC was also below Street of $0.61, we note that SaaS and PaaS revenue was guided to grow +39-43% yr/yr in CC, which we believe supports our long-held thesis that the structural shift towards SaaS solutions over legacy on-premise applications will continue unabated, particularly even faster now that it appears ORCL is unable/unwilling to slow down SaaS momentum in its business.

Not just Oracle applications, not just Java applications, but all of your applications, third-party applications, custom applications, everything can be moved from your data center to the Oracle Cloud – easily with the push of a button.” Observing the changing marketplace with the move to the cloud, Ellison said, “We are existing in a brand new world.” And with that change, Oracle’s primary competitors at the cloud platform and infrastructure level are changing. The expansion of its PaaS was a logical step according to Carl Olofson, Oracle’s Research VP, Data Management Software, IDC. theCUBE cohost John Furrier asked Olofson about Cloud Foundry, its Open PaaS arrangement, and database support. “It makes sense to have a variety of choices,” he says. “Its ecosystem approach can work. They write that Oracle’s disappointing sale were largely due to greater than expected foreign exchange headwinds and the ongoing transition to a cloud-business model. Consensus earnings for the current quarter by the 35 sell-side analysts covering the stock is an estimate of $0.54 per share, which would be $0.08 worse than the year-ago quarter and a $0.08 sequential decrease.

There is one old competitor – Microsoft, who Ellison said has made it “across the chasm to the cloud,” and the primary competitor in IaaS is Amazon. “They are not a book store only anymore.” New Data Management cloud services include Database Cloud – a high performance service for departmental databases; Database Cloud – extreme performance service, for enterprise OLTP and analytic databases; Database Cloud – Exadata as a Service for mission-critical OLTP and analytic databases and database consolidation; Big Data – Big Data Appliance as a Service for Hadoop and Spark based data reservoir and analytic services; NoSQL – Key-Value Store for documents and graph data. Other cloud providers focus primarily on one set of services: Salesforce concentrates on software services, and Amazon concentrates largely on infrastructure services, Ellison said, whereas Oracle now offers the full stack. There are also new Business Analytics cloud services; and new Integration and Collaboration cloud services; new Compute and Storage cloud services; and new Network Cloud Services.

The idea behind the new offerings is to make Oracle a “one stop shop,” said Inderjeet Singh, Oracle executive vice president, in an interview. “We have a large customer base who wants to use our software, but not necessarily run our software,” Singh said. This is good news for The Ultimate Software Group (ULTI), Paycom Software (PAYC), both of which they rate Outperform, and Neutral-rated Cornerstone OnDemand (CSOD). Given all the information above, we should disclose to readers that the average price target is $46.18, which is 10.48% above than it opened this morning. We learned over decades with on-premise technology that standards were very important, that interoperability was very important, that upward compatibility was very important. Additionally, they believe that Oracle’s “aspiration of becoming the largest SaaS vendor could compel the company to look at more cloud acquisitions over time.”

Summary (NYSE:ORCL): Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. It also provides applications software, such as human capital and talent management, customer experience and customer relationship management, financial management and governance, risk and compliance, procurement, project portfolio management, supply chain management, business analytics and enterprise performance management, and industry-specific applications software; and virtual machine instance, hardware and related support, and software and hardware management and maintenance services.

In addition, the company offers customers with rights to software product upgrades and maintenance releases; patches released; and Internet access to technical content, as well as Internet and telephone access to technical support personnel. Further, it provides servers, storage, networking, virtualization software, operating systems, and management software to support various IT environments; and hardware systems support solutions, such as software updates for the software components. The service also includes a software development kit (SDK) that allows developers to instrument their app, so they can tell who is using it, and how it is being used.

Although previously quiet on the cloud front, Oracle has slowly becoming acclimatized to being a cloud service provider, said Charles Eschinger, Gartner vice president of research.

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UPDATE 1-Western Refining to buy rest of Northern Tier

20 Jan 2016 | Author: | No comments yet »

JPMorgan Chase & Co. Upgrades Northern Tier Energy LP (NTI) to “Neutral”.

Under the deal, Northern Tier unit holders would receive $15 a unit in cash and 0.2986 Western Refining share for each common unit held, or roughly $26.21 a unit based on Monday’s close. EL PASO, Texas and TEMPE, Ariz., Dec. 21, 2015 (GLOBE NEWSWIRE) — Western Refining, Inc. (NYSE:WNR) and Northern Tier Energy LP (NYSE:NTI) today jointly announced that they have entered into a merger agreement whereby Western will acquire all of NTI’s outstanding common units not already owned by Western. Northern Tier Chief Executive Dave Lamp in prepared remarks Monday said that the MLP model “has not been rewarded by the equity market, as evidenced by the historical disconnect between NTI’s high yield and low unit price.” “With a simplified corporate structure and diverse geographic base, the new Western will be well positioned to unlock additional value for shareholders,” Mr. As an alternative to the cash and stock consideration, each NTI unitholder may elect to receive, per NTI unit, either $26.06 in cash or 0.7036 of a share of WNR.

Assuming completion of the proposed transaction, NTI will become a wholly-owned subsidiary of WNR and NTI common units will cease to be publicly traded. Jeff Stevens, President and CEO of WNR said, “The merger of Western and NTI will result in the combined entity owning three of the most profitable independent refineries on a gross margin per barrel basis, with direct pipeline access to advantaged crude oil combined with an integrated retail and wholesale distribution network. The terms of the merger agreement were approved by the WNR Board of Directors and the Conflicts Committee of the Board of Directors of NTI’s general partner, which negotiated the terms on behalf of NTI. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock.

The call and slide presentation can be accessed on the Investor Relations section of Western’s website, www.wnr.com, and on the Investor Relations section of Northern Tier’s website at www.northerntier.com. The Company has refining, retail and logistics operations that serve the Petroleum Administration for Defense District II (PADD II) region of the United States. Goldman Sachs & Co. acted as financial advisor to Western, and Vinson & Elkins, Davis Polk & Wardwell and Richards Layton & Finger acted as legal counsel to Western. This press release includes “forward-looking statements” by Western (which are protected as forward-looking statements under the Private Securities Litigation Reform Act of 1995) and by NTI.

The Company’s retail segment operated 165 convenience stores under the SuperAmerica brand and also supported 89 franchised convenience stores, which are also operated under the SuperAmerica brand. These statements are subject to the risk that the merger is not consummated at all, including due to the inability of Western or NTI to obtain all approvals necessary or the failure of other closing conditions, as well as to the general risks inherent in Western’s and NTI’s businesses and the merged company’s ability to compete in a highly competitive industry.

If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. In addition, Western’s and Northern Tier’s business and operations involve numerous risks and uncertainties, many of which are beyond Western’s and NTI’s control, which could materially affect their respective financial condition, results of operations and cash flows and those of the merged company.

The forward-looking statements are only as of the date made, and neither Western nor NTI undertake any obligation to (and each expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval in any jurisdiction where such an offer or solicitation is unlawful. Any such offer will be made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, pursuant to a registration statement filed with the SEC. The retail segment includes retail service stations, convenience stores, and unmanned fleet fueling locations in Arizona, Colorado, New Mexico, and Texas. Beyersdorfer (602) 286-1530 Michelle Clemente (602) 286-1533 Northern Tier Investor and Analyst Contact: Paul Anderson (651) 458-6494 Alpha IR Group (651) 769-6700 nti@alpha-ir.com Media Contact: Gary Hanson (602) 286-1777

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