Technology Update: Oracle Corporation (NYSE:ORCL); Microsoft Corporation (NASDAQ:MSFT); Yahoo! Inc. (NASDAQ:YHOO)
Dallas, Texas, 09/24/2014 (ustrademedia) – Enterprise software and hardware systems provider Oracle Corporation (NYSE:ORCL) reported yesterday that one of South Koreas biggest pharmaceutical company Dong-A ST which has set out on a aggressive expansion of its international footprint has decided to implement the Oracle Argus Safety application. The embracing of the pharmacovigilance platform being provided by Oracle Corporation (NYSE:ORCL), will allow the pharma major to ensure a systematic, effective and rapid generation of regulatory reports, the press release from the software firm noted. The drug maker hopes to remain compliant to global regulatory requirements and at the same time get better factual data inputs to arrive at accurate decision making through the commissioning of the Oracle Argus Safety application.
In a demonstration of its steady push into the devices space, Microsoft Corporation (NASDAQ:MSFT) announced yesterday that it would be launching its much awaited “Xbox One gaming console” in China on 29th September. This would be the first tentative steps that the tech major would be taking in China, after the communist regime had banned the sale of all foreign games consoles in 2000. It is interesting to note that the original launch date of the gaming console in China was scheduled for 23rd September. The new product release comes close on the heels of Microsoft Corporation (NASDAQ:MSFT) China entity being subjected to a intrusive investigation by the anti-trust and fair competition regulators in that country.
Long term investors in the tech stock of Yahoo! Inc. (NASDAQ:YHOO) were a worried lot yesterday. They saw the market cap of the pioneer tech firm slide down by nearly 6 percent, nearly wiping off all the gains that stock had made in the run up to and eventual listing of Chinese tech firm Alibaba Group Holding Ltd (NYSE:BABA). Yahoo! Inc. (NASDAQ:YHOO) held close to 25 percent of stake in the Chinese firm, before it sold part of its stake through the IPO last week.