. >> i want to watch oracle. oracle quietly keeps going up, up, and up. up over 30% on the year. the company coming out and beating the street by three cents a share. you had sales up. you had revenue up. operating cash flow higher. this company is pulling in about $13.5 billion for operating cash flow. larry ellison keeps buying malibu mansions. he has more money to do that now. i just want to say, this has been your best show by far. this has been a spectacular "fast money." >> fewest words but best show. thanks so much. >> brian, he's buying hawaii. he's not just buying malibu. >> first of all, he only bought 98%. >> i meant the state. all of those islands comprise the state of hawaii. i don't know if they taught you that in west virginia. >> let's get to the matter at hand, seriously. oracle, is it too late to get in? >> no. >> the stock's had this good run. >> we had that yesterday as you

david: and we have the numbers from oracle. they are out. adam shapiro has been parsing through he numbers. adam: investors will be pleased with oracle. revenue of 9.1 billion, up 3%. and the street was expecting 9.02 billion. one thing i want to tell you from the press release, they are saying that cloud software subscriptions revenues were up 17% to 2.4 billion. and that's one of the things that investors are really paying attention to as oracle goes into that space. david: that is one of the things they are pushing most heavily into. adam, hank you very much. let's get reacts from the chicago mercantile exchange. larry, what do you think of these oracle numbers? >> i'm not surprised. i think management has done a really good job at managing expectations over the past couple weeks. they are the leader in enterprise application. they have pockets of great database business. and their sales application is basically very very good. there's a big risk to the market right now and to oracle specifically with the foreign currency exposure that th

oracle against google. these are just two recent high- profile court fights over technology patents. but those companies actually use their patents. a cluster of companies make money buying patents, and filing lawsuits to protect them. but here's the thing: suing is all they do with the patents, they don't actually use the technology. sylvia hall reports the practice is getting the attention of regulators. >> reporter: hipmunk is a website that aims to "take the agony out of travel planning." but this year the startup ran into some agony of its own-- it was slapped with a lawsuit claiming the company's technology violated a patent dating back to 1994. etsy.com, a popular marketplace for handmade goods, has also been sued by a different company this year based on a patent from 2005. the companies filing the lawsuits aren't competitors. in fact, they don't even use the patented technologies they own. instead, they make money buying up patents and enforcing them in court. they're called non-practicing entities

i've worked at the oracle arena for over 30 years. i thought it was important that i show up for this meeting, press conference, just to show support for the workers in oakland so that we can continue with our seniority and all of our economic benefits that we currently receive. when the new arena is built over here. a lot of us showed up today. we thought it was extremely important that we be allowed to continue employment in the new arena. >> good morning. my name is billy feliciano. i have worked at the ballpark for over 40 years and my entire family has benefited from the good union jobs at these facilities. both my sons have worked at the ballpark and my sisters worked at the arena. and i'm so glad that hundreds of other individuals will be able to have the same opportunities that i have had over the 40 years at being able to work in the hospitality area. thank you. >> thank you, billy. johnny, thank you very much. thank you again for being here as well. so, let's get on with job creation. and i'm going to ask rick and mike to st

oracle closes after the debate tonight. one big street fight is coming up. first, our top story, the markets and the cliff. the white house and speaker boehner amid some reports that they are actually inching closer to a deal. how likely is it that they rise above and what does it all mean for your money? joe terranova and the market seems to be getting closer. >> it absolutely does. despite having some people in congress trying to throw cold water on it, what you have is both sides trying to meet in the middle. it's very positive for the market. i've been a little long, increased exposure. but now it's getting long in the tooth to start playing the headlines and i think the risk once again is ratcheted up. it may stay there for a day, maybe two, but after that you've got to take something off the table. >> joe terranova, the highest since october. that's the yield at 1.8%. >> i don't know what winds him up but didn't he criticize me yesterday? i'm glad you're joining in the thesis here. >> joe, i had time to reflect on what you said. >> i think the time to

and choosing oracle to manage the numbers and cloud migration. people are getting out of having their own dumb intel boxes putting their data instead in the cloud where it can be accessed faster and much cheaper, not real estate companies anymore. oracle made a big show of saying it's taking share from s.a.p. in europe, something i bet bill mcdermott would agree with. and a subtle undertone that suggested salesforce.com wasn't doing as well as oracle either. whatever, let's just say business is very strong. cash is brimming, $34 billion, despite a buyback that's taken in 350 million shares, $10 billion worth of stock. at a time that suggests a collapse in technical spending, oracle is saying the opposite. it was an amazing, affirmative call. and my hat is off to the entire team. we may have worries about apple. we may be concerned about personal computers, but overall tech spending, it's hard to be better than this. welcome to the future. at last, it's like the past. stay with cramer. bob, these projections... they're... optimistic. productivity

powered by apple and also oracle. its second quarter profits rose 18%, and revenues 3% beating forecasts on strong sales of new software. revenue growth was held down by the company's hardware business. oracle says it was business as usual during the quarter despite uncertainty over the fiscal cliff. company cfo says his clients have continued to spend, customers want to close deals, and there's been no negative impact on pricing. so for more we're joined by daniel i've, senior analyst at fbr capital markets from new york. good morning. strong set of numbers from oracle. what's the read through for the rest of the market? >> it's a great read-through, especially for q4. a lot of nervousness out there. they came through with strong numbers, and it bodes well for overall technology going into 2013. >> want to look at the details here. particularly the hardware versus software shift. now, oracle, of course, the software business continues to did well. hardware, they bought sun microsystems for, what, $5 billion, $5.6 bil

oracle is out. the revenue that we're getting is $9.1 billion in revenue, looking better than the estimate which was 9.02 billion in revenue. the, expectations, of course, 61 cents a share. we've got the revenue. we're going to get you the earnings per share. 64 cents a share that we're going with here. 64 cents a share is non-gap. even on the top line and the bottom line, it looks like the numbers are better than expected on oracle. let's get right to jon fortt, breaking down the numbers and david epoch, david pearl, what's your take, my apologies, caved, give us your take on these numbers which are just coming out. >> good numbers which beat even the whisper estimates which was a little over 9 billion and 62 or 63 cents. even from the optimistic crowd. what's really important is this company is almost a bellwether given that this quarter included the first month after the presidential election. most of the fiscal cliff uncertainty, and yet they were still able to pull out what really looks like a

news. >> oracle is down right now. gordon, you make a really good point. that's where the performance has been, the conditions paying these special dividends. when i see an announcement like this, you as an investor, would you buy these companies paying special dif depends to make sure the tax rate is a low rate versus what we may see in 2013? >> certainly it might be an opportunity short term, over a short horizon. i'm not sure i want to lend to those companies. i'm the bond cio, so i'm not sure i want to lend costco, as an example, a bond issue, a very low rate so they can pay their shareholders. but i understand the dynamics of it. i understand the politics and economics of it. it makes complete sense for them. makes it a tougher hurdle for me as a bond investor to think about lending them money when proceeds are used as a dividend effectively. >> fair enough. thank you, gentlemen. we appreciate it. we'll see you soon. thanks, guys. >>> december may historically be one of the better months of the year for the market

liz: you're loving it if you own oracle. giving the investors the nice surprises, one week chart up 4%. the software may care delivered better-than-expected second-quarter results, sales and earnings topped street estimates. seeing the shares jumping 4%, but what a great year it has been for oracle. the stock just under $25, not a bad move. the key to the beat from last night, license revenue. this is a gauge of deals in the pipeline rising 18% in the second quarter, double the analyst estimates. saying the hardware business, microsystems will turn the corner. a quick three year chart to give you perspective, it has been choppy, of course. in 2010 a bigger problem. stocks getting a boost from oracle. you can see a little bit here. but lauren simonetti looking at the names linked to oracle. lauren: you got that right. putting in a strong performance today because they like what oracle said about the software sales. they generate higher contracts, and many seeing games because of oracle. about a 5% gain, all really good days.

. >> mike: the lakers put on the holiday show tonight at oracle like no other. went up and down more times than santa does in chimneys on christmas

thanks to oracle. second harvest food bank, i know you want to figure out how you can help yourself. donate at whole foods, also on line at cbsf.com. thank you. >> thank you. >>> a special message in this year's rose parade. >> 48 hours. >> how transplant patients will make a unique appeal to potential donors. >>> a shocking arrest in an armed car jacking attempt. the kids facing charges are still in elementary school. ,,,,,,,,,,,,,, bittersweet moment for a bay area college student, and te northern california family t saved his life. cbs-5 reporter mike sugerman show: they were brought together s ago by tragedy. and reunited today, by hope: track 1 this is a story abot two young men shared a lot.n takes his "fisca >>> rose parade in pasadena will be a bittersweet moment for a bay area college student and the northern california family that saved his life. cbs 5 reporter mike sugerman has more >> unfortunately the same day they were told they would die. >> doctors had only given me days, like 48 hours.

oracle admits it sent someone to watch but claims it didn't break rules. the america's cup will be held on san francisco bay next summer. >>> did you say something about it being raiders day? >> it is raiders day here on abc7. >> it sure is. raiders fans are already gearing up, partying before the big game. kira klapper is live in san leandro at a hang out that bleeds black and silver. they look hard-core there. >> reporter: they are. let me get out of the way so you can see them -- [ inaudible ] these fans have packed in for game day they come the night before game day, unfortunately, we have to take away from this live shot and show you one of those nights before game day. you can see this is the next best place to watch the game if you are not at the stadium. ricky's has been an institution since 1946 started in hayward and moved to this san leandro location in 1962. it is ground zero for fans to rally before the game. the fans say this is their second home. >> this is for us, a family place we are crazy raider fans but this is still a family place. >>

starting with oracle. their notes say we believe oracle is the best way to play the current cloud computing trend. what do you think, do you agree? >> i agree with the general call to buy oracle. i think it makes a lot of sense. cloud, there are other ways you can play cloud besides oracle. you can play enc, you can play amazon. i like oracle in terms of a good global name. i think it has great cash flow. >> it's up 7% year to date. better than a full percent. you would still step into it? >> i would. i would. >> let's move on with goldman sachs downgrading exxon mobil to neutral to buy noting as we tip back towards higher beta energy they look for equities over exxon. i think you disagree a little bit with this call? >> i do. i think exxon, it depends why you're buying it. if you're buying it for capital appreciation, yes. exxon has a nice dividend. it's going to participate in any commodities insulation and that is in fact coming. i think it's one of best in breed in the entire oil space. i like exxon. y

should investors buy or sell oracle? > > you see a lot of people chasing into these special dividend stocks. you see costco, dillard's, some of the casino stocks, people chasing in to try to get that special dividend. i don't really think it's a play. i am not trading it. > > i like this stock, but i think it is a bit ridiculous for him to save $50 million when he is worth $41 billion- > > top 10 in the world, i think. > > $41 billion! that is a little bit ridiculous. but, the stock has been trading in a range between $30 and $33 in july, looking like it wants to break out to these recent highs at $36. so a $29 call for july of next year- > > but you're not going to get the dividend. > > -is going to cost you- > > but you're not going to get the special dividend. > > -$4. the dividend has nothing to do with it. i like the stock, and i like the fact that we have been trading sideways for the last six months. > round number two: price power. coffee is down 40% from last year. starbucks, though, that stock is up 24%. green

apple, microsoft, cisco, analog devices, dell and oracle. so i think we're looking at a lot of these major players that have a ton of cash. apple, for instance, has about 24% of its value in cash right now. i mean, if you're one of these companies sitting on this much cash ahead of what's going to be a massive increase in dividends at the end of the year, you're looking -- you're almost irresponsible not to declare some sort of special dividend. so i'm hearing hisser ifs that all of -- whispers that all of these major, major top ten market cap firms are looking at the same thing oracle just did. now, how do you play that? well, we still have major systemic risk. what you can do is buy these big, heavy caps where just on speculation they might declare a dividend are going to catch a little bit f rally and then collar it using s&p 500 futures options. look at like the 1375, 1450 collar. that's a real play for december expiration, i think. >> all right. mark sebastian live from the trading floor of the cme group, and we'd better get to our mark

. >> coming up, a wild one at oracle. the lakers and warriors go to overtime. and calvin johnson broke a record very dear to niners' fans hearts. what he did, after the break. ,,,,,, music's, ready ! share the harmony... she'll be here soon ! she'll love this ! share a sweeter welcome... hey, hola, cómo estás ? hello, hey everyone. hi. es un pla-cer co-no-cer-te. encantada. share everything. this holiday get verizon's share everything plan. unlimited talk, text and shareable data... ... across your family's devices, all in one plan. hurry in for a droid razr m by motorola for $49.99. oracle.. this time la was fully loaded.. steve nash was back in the line-up.. a this one went to over time. christian hit the clock.. ls do this... lakers came to town to face the warriors at oracle. this one went to overtime. let's go ahead and do this. kobe with a chance to win this thing at the end of regulation. look at him go from the corner there. but this one would not fall down, so we go into overtime. kobe would wind up with 34 points. kobe on the ground. turns around. l

it's curious activity. >> we saw oracle call buying in anticipation of oracle potentially offering some sort of special dividend. >> mike, the question, though, is this good for the market or are people going to buy the stocks to be a shareholder as of a certain date. >> i don't know that it is good for the market that you have company management making decisions based on vagaries out of washington but there is no question that a lot of these companies, i think notably apple in particular, that should be returning cash to shareholders and that is irrespective on the tax laws on dividends. although, clearly, if you think there is potential they will change they should be doing it now. >> we should note that scott has a web extra on how to spot dividends. better log on to that. >>> time for the upside call where we take a look back on winning trades and give you the next move. a couple weeks back when apple shares were in free fall, mike khouw made a bullish trade. the call has been pure genius. >> on "options action" it is how we make genius trades. risk less to make more and that is wha

during oracle open world, we ran a 92% occupancy rate. for both of those weeks, san francisco had the highest occupancy rate in the whole country. let me repeat, in the whole occupied rooms than anywhere else. high occupancy in our hotels means increased sales tax dollars being generated focusing again on the subject of your question of the open world oracle open world, it is estimated that they had an economic impact of $120 million for the week that they were here. during that week, over 97,000 hotel room nights were occupied. on average, this means over $24 million in hotel revenue and $3.4 million in tax revenue, all our general fund. i want to assure you all that we are doing everything we can to limit traffic impacts caused by these types of events, and we execute these events. this isn't just about making sure we're reimbursed. it will bring economic impact to businesses and our own general fund as well as a level of activity and vibrancy that makes san francisco unique. i believe that with careful planning and enforcement in place

oracle shares closed the regular session up almost 2%. shares added almost another 2% in extended hours trading. if that holds through tomorrow's opening bell, it would be a new yearly high for oracle stock. two of the most important companies in the media industry want to merge, but you may not recognize their names. nielsen is known for its television ratings. arbitron does the same for radio. nielsen today offered $1.3 billion in cash for arbitron, or $48 per share. shares of arbitron jumped on heavy volume, up 23.6%. federal regulators would have to okay any tie-up between the two companies. nielsen shareholders welcomed the deal. its stock jumped 4.4%. shares of u.s. tobacco companies were under pressure, ahead of a report due out in europe tomorrow. regulators there are said to be preparing new rules on health warnings and could move to ban tobacco flavors like menthol. lorillard stock dropped 2.3%. its biggest seller: menthol- flavored newport cigarettes. reynolds' american makes brands like camel and kool. its shares fell 2.2%. an

you can go look in the filing cabinet that oracle or s.a.p. or microsoft has and that's the 20th century. we're all about doing things in realtime. we make you that offer when your wallet is out and your credit card is in your hand. nobody else can do that. that's a universal big data realtime problem that only tibco can solve. >> you mentioned oracle and s.a.p. and analysts that i checked in with say that ibm has come on very strong. >> ibm is our strongest competitor. we beat them every single time in terms of technical performance. they do have strong relationships and at the end of the day we have to be three years ahead of the competition and we believe we are. >> okay. you had 25 deals that were over 1 million. last year you had 28 deals over 1 million. should we believe that therefore the momentum here has slowed to a point where it's noticeable? >> no, no. you have to remember, jim, over the last three years we have grown 38%. grown our top line almost 20%. parts of our business like visual analytics that grew. our metrics are generall

the oracle team has been ordered to hand over pictures. a decision on penalty is still pending. >>> from egypt, early indications suggest egyptians are poised to approve a controversial constitution after today's final vote. an official from the muslim brotherhood political party said after almost 4 million votes had been counted and about three quarter of those were cast in favor of the constitution. supporters of the islamist president mohammed morsi said the constitution is vital to move to democracy, but opponents say the text favors islamists and limits the rights of christians and women. >>> pope benedict xvi granted his former butler a pardon today, forgiving him for stealing and leaking private papers. he was arrested in may after vatican police found what they called an enormous stash of papal documents in his apartment. gabrielle said he gave the documents to a journalist because he thought exposing the corruption would put the church back on the right track. gab yet was released today, two months into his 18-month sentence. >>>

oracle stock down 0.8% despite that in frankfurt. still to come, interest rates in australia are moving down. down under. find out what central bank is worried about when we come back. >>> australia central bank held its rate setting meeting. matthew taylor has the details. >> the market had been pricing in a 25 basis point rate cut and the reserve bank delivered with an early christmas present. central bank lowering the cash rate to 3%, this is the lowest level since the height of the global financial crisis back in 2009. the rba says while it's still waiting to seat impact of its previous 150 basis points of rate cuts work its way through the economy, the global outlook is still seen to the down side and judge policy easing was appropriate right now. it does point to some signs of strength, though, particularly in china saying growth there appears to have stabilized and says the european economy remains a problem. domestically it says a return to strong consumption in australia is unlikely and that the rate cut is designed to foste

oracle, is it too late to get in? >> no. >> the stock's had this good run. >> we had that yesterday as you had steven weiss and murph debating it. i said weiss was right. i still believe he's right. i think a lot of the delayed orders,ing in particular the server space that are going to benefit apple, or rather oracle, hit in 2013 much more aggressively because the pause button is off. >> let's hit the biggest pops and drops. >> delphi being added to the big index. i got to say, this is one of the most successful reemergences from chapter 11 organization. already 35. it looks like the business is in great shape. auto parts, transmissions, things of that nature. >> ennis, what do you sea in seadaese seagate? >> it's been a volatile name. back up to 30. 5.5% dividend. very cheap name, but it might be a value trap. >> doc, gdi. that's gardner denver. >> they're finally getting things done on the -- at least they'd hope to get some things done here, scott. it's not going as well as they'd hoped, though. that's why the sto

>> oracle is trading above its 2012 closing high, above $33. the company coming in with earnings for its second quarter that were better than expected on a gap basis, 64 cents, three cents better, revenues top the at $9 billion roughly. i saw strength in software and cloud services, up 18%. 47% operating margin better. and hardware 74.3 million and an estimate, and off the conference call jon fortt is monitoring, expect third quarter hardware revenue growth to be flat to negative, 10%. they also bout back about $3 billion in stock in the second quarter. >> martha, i understand has issued guidance. what is it? >> the eps guidance is 66, to my eye, right what consensus was looking for. license and cloud revenue looking to be between 3 and 13 cents. sorry, up 3-13% in u.s. dollars. the street was looking for around 6.8%. that's right in the range. overall, people might be satisfied with this guyidance. hardware product, that guidance down negative 10% to flat, as they continue to peel off those low margin sales and concentrate on engineering syste

. >>> oracle founder found guilty of spying. the tactic used that got him in trouble. >> more than a restaurant. it's a landmark. it's an institution. >> the final meal. the well known waterfront restaurant that closed today and what it means for its neighbors. >> you can get tktvu news to go on your cell phone. click on the live icon and watch all our newscasts live. be connected any time anywhere. >>> i'm still tracking some downpours and thunderstorms right now on live storm tracker 2 radar. have been watching an increase in the rainfall coverage. intensity toward the santa cruz mountains. precip right around over 3 inches of rain an hour. that's just at this instant. that just gives you an idea of how much rainfall they're picking up. down to the south bay, san jose. still moderate to heavy downpours. some of the roadways impacted. we'll continue to move the maps around and shift them to the north. tracking more activity as we zoom in in parts of the east bay out towards parts of berkeley. these do indicate moderate downpour

david: including of course oracle. billions and billions and billions -- the only good thing about it is that it's happening right before christmastime and a lot of people are going to use all this new cash in the economy in order to buy things for their families. so i think december is going to be a very rich month in terms of consumer spending. they may pay over some of the times that are coming, some of the bad times that are coming. stuart: think how much money this is denying the treasury next year. liz: that's right. stuart: billions of dollars right now. if 180 companies have had this early payout, that denies at least a billion. i've got to believe it is more. david: december may be looking great, but next year is not. stuart: the list is long, obviously, las vegas sands, the top guy there, walked away with a check. on the board of costco, he was a speaker at the democrats convention saying what a great guy president obama is and what a wonderful policy tax the rich is. david: same with disney by the way. disne

oracle says the buy will boost its cloud base services. >>> $200,000 in fines. the deadly mistakes hospitals made to earn this penalty. >> you got to make a choice between buying toys or paying bills. hard choice. >> why some families won't have to make that choice. >> first a ban on bullets and a warning to police when you stock up on ammo. the plans from one mayor. and the back lash in three minutes. ?Ñ >>> new at 6:00 p.m., a new plan to tackle gun violence. tackling ammo and the people who buy it. rob roth is live with the changes that will save lives. rob? >> reporter: we are out here in the bay view, a neighborhood plagued by violence. mayor ed lee proposed legislation aimed at ammunition control. >> our father -- >> reporter: a sidewalk prayer vigil for a 17-year-old, a popular high school football player shot to death saturday night. >> we have to pray. >> reporter: he is one of 67 homicide victims in san francisco so far this year, compared to 50 last year. in an effort sparked by gun violence in the connecticut school shootings they took aim at bullet

oracle and microsoft have a ton of cash and they might want to share some of that. those are three names that are likely to do well if you are a dividend investor. >> and in terms of option activity as a clue to special dividends is a little different from regular dividends but you can see a lot of call buying in advance. >> there has been so much demand for costco stock in general. one other name we should throw out there is whole foods. that stock didn't react well. costco has been up a heck of a lot. >> we saw oracle call buying in anticipation. >> the question, though, is this good for the market or are people going to buy the stocks to be a shareholder as of a certain date. >> i don't know that it is good for the market that you have company management making decisions based on vagaries out of washington but there is no question that a lot of these companies that should be returning cash to shareholders and that is irrespective on the tax laws on dividends. if you think there is potential they will change they should be doing it now. >> scott has a web extra on

shares of oracle bounced almost 3% in heavy volume. the tech company surpassed wall street's expectations. oracle is up 28% this year. gas prices are closing in on a 2 year low. the national average for a gallon of unleaded regular is $3.23. it's time now for trader talk with larry shover of sfg alternatives. hi larry. good morning. what's going on with this market? are they rallying into the news of a possible deal on the fiscal cliff or we see an even bigger relief rally when the deal is done? i think yes and yes. i think the market is expecting a deal to get done and we're just making up for lost time. let's keep in mind that back in september we were willing to pay 14 times multiple for the stock market. that would put the s &p at 1500 so it's really been stagnant and we're just rallying making up for lost ground. what have been the best performing commodities this year and where would you still put some money to work? i think gold actually---even though we had a $28 dollar fall down yesterday. gold had a $150 range up to 1800 doll

oracle is among the latest corporations trying to beat the clock on next year's expected tax increase. oracle's board has approved accelerated dividend payments for the second, third and 4th quarters of next year. nhl owners and players plan to meet today in a renewed effort to move the puck on labor talks. let's see what's going on with the market today with matt shapiro, president of mws capital. good morning to you. > > good morning angie. > this is certainly one moody market. it seems to move on every word that comes out of washington. > > absolutely. actually, i am surprised, given the stalemate that we had this weekend and the gop yesterday having a counter offer - they are miles apart, but the market really held in there, and i think, at this point, the market is just basically pricing in that nothing really good is going to happen in washington, at least for now. > what about manufacturing matt? the numbers came in solid for china, not so good for the u.s. there was a bit of a slip. > > i think some of that is the concern. but at least the silver lining is positive for china.

they play eight of the next 11 here at oracle. already 16-8, they don't want to give it away at home. >> you notice the confidence level rising. you notice a sense of accomplishment but also a group that understands we have done nothing. that's what i love about this group. they understand that we've done absolutely nothing. >> now, david lee has certainly done a lot. the warriors forward was named the westerns conference player of the week yesterday. in four games he averaged just under 23 points a game, 12.5 rebounds per game, while shooting over 60%. that's red-hot! also, lee had 7 straight 20- point, 10-rebounded games on the road trip alone. we chatted a short time ago. >> the way you been playing, is this the best of david lee? >> ha, let's hope not. i think i can get better. i'm really excited though that, you know, that what i'm able to do right now is helping us get wins and, you know, made for a great road trip, 6-1. i'm proud how our team started out this season. we have a long road to go but we take it game by game. >>