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Oracle Corporation (NYSE:ORCL) reported that a federal judge confirmed on July 1, 2015 with the intention of Oracle’s court case against Rimini Street and its founder and CEO Seth Ravin will go to examination this September. In 2010, Oracle prosecuted Rimini and Ravin claiming copyright infringement, computer fraud and related business torts. In February and August 2014, the Court granted summary judgment in Oracle’s favor on its claim for infringement of Oracle’s PeopleSoft and Database copyrights and concluded that the Oracle’s claims for infringement of Siebel and JD Edwards copyrights should proceed to trial. In the same August 2014 order, the Court dismissed Rimini’s defamation and unfair competition counterclaims, holding that within the context of Rimini’s defamation allegations, Oracle’s “statements . . . that Rimini engaged in ‘massive theft’ of Oracle’s intellectual property are true.” Oracle Corporation (NYSE:ORCL) stock price closed at $40.16 with the total traded volume of 16.43 Million shares. Its price to sales ratio ended at 4.55. Its market capitalization is 173.88 Billion. The stock owned by the Financial Institutions was 61% while by insiders was 25.05%.
Advanced Semiconductor Engineering Inc. (NYSE:ASX) released that its second-quarter revenues of $2.28 billion, an increase of 17 percent from $1.95 billion last year. In the month of June alone, its revenues increased 24.4 percent from last year to $808 million, the company said. Advanced Semiconductor Engineering Inc. (NYSE:ASX) begun last trade with a price of $6.29 and throughout the trading session climbed at a high of $6.40. The day-trade ended with 0.31% to $6.56. The stock is going forward to its 52 week low with 14.94% and lagging behind from its 52 week high price with -19.46%. ASX last month stock price volatility remained 1.82%.
Energy Transfer Equity, L.P. (NYSE:ETE) reported that despite current turmoil in the world energy and financial markets, it is confirming its acquiring all of the outstanding common stock of The Williams Cos Inc (WMB) at a fixed exchange ratio of 0.9358 ETE Corp shares for each Williams share, representing a 32.4% premium to the Williams common share closing price as of June 19, based on ETE’s unit price on the same date. Regardless of whether ETE participates in the Williams process, ETE is ready to provide confidential information to WMB without material restrictions so that WMB and its Board can understand what ETE believes to be the truly unique and compelling investment and return characteristics available to the Williams stockholder from this combination. Energy Transfer Equity, L.P. (NYSE:ETE) has the market capitalization of 34.19 Billion. Shares of firm plunged -0.59% to close at $63.59 with the total traded volume of 3.7 Million. The firm has current ratio of 1.30 for the most recent quarter.