Tech Five: Oracle to report earnings
How will software company Oracle end the calendar year? Let's take a look at the technology stocks to watch Wednesday:
Oracle. The company will report second quarter earnings after the markets close. Oracle is forecast to report an earnings per share of 68 cents off $9.52 billion in revenue. Earlier this year, co-founder Larry Ellison announced he would step down as CEO, replaced by Mark Hurd and Safra Catz.
Sprint. The wireless carrier faces a record $105 million fine from the Federal Communications Commission over unauthorized charges to customers, reports The Wall Street Journal. Earlier this year, the FCC sued T-Mobile over the practice of "cramming."
Apple. The tech titan stopped online sales in Russia after the ruble hit record lows. Last month, Apple bumped up the price of its iPhone 6 by 25% in Russia.
Sony. The massive hack plaguing the electronics giant may have unearthed information about messaging service Snapchat. According to TechCrunch, Snapchat acquired several small startups, including QR scanning and beacon company Scan.me and eyeglass video camera maker Vergence Labs. The report cites email exchanges between a Snapchat board member and Sony Entertainment CEO Michael Lynton.
Twitter. The social network is partnering with Foursquare to beef up location details in tweets, reports Business Insider. The new features could debut as soon as the first quarter.
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