As AT&T digests Leap Wireless, one question is just which companies the big four U.S. wireless firms might next gobble up, with U.S. Cellular a focus. AT&T (T) plans to expand Leap’s Cricket brand across the U.S., replacing its own Aio prepaid brand. Analysts expect AT&T to ramp up marketing, putting pressure on T-Mobile US (TMUS) in particular. Prepaid customers don’t have service contracts and buy calling minutes, texting and data as needed.
Oracle is back on the hot seat. Following a quarter when the enterprise software giant showed signs of resurgence, late Tuesday the company reported fiscal Q3 earnings and revenue that missed Wall Street estimates. Moreover, Oracle’s (ORCL) growth in cloud subscription and new-software licenses missed estimates, despite what analysts call an improving information technology spending environment. Oracle stock was down 3.5% in after-hours trading,
Adobe Systems posted better-than-expected fiscal Q1 results late Tuesday, as the provider of creative software and online marketing services continues its transition to the Internet cloud. Its guidance also beat. Adobe Systems (ADBE) earned 30 cents a share excluding items, down 14% from the year-earlier quarter, on sales of $1 billion, down a fraction, for the quarter ended Feb. 28. Analysts polled by Thomson Reuters expected the San Jose,