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Both Red Hat and Oracle had excellent quarters, but Oracle's was apparently not "excellent" enough for Wall Street's tastes. Its shares and the market went south this week on fears that technology spending is in decline.

In addition, Wall Street apparently didn't notice that Red Hat actually raised its fiscal year 2009 guidance this week.

Consolidation is one way to improve earnings in a down market, but open source may well be a better way as The New York Times opined.

Oracle's total software revenue was up 21 percent, to $4.2 billion. Pretty … Read more

My last post - Don't be a sucker when it comes to stocks - ruffled quite a few feathers among investors of a certain stock. There were comments and emails - mostly calling into question my journalistic integrity - but a few of them also told detailed stories about the company's situation. That's today's topic.

Just like people, every company, every stock, has a story, and everybody tells it differently. In each story there are facts, an anecdote or two, and of course, opinions. Some of them are so fascinating that people write articles, entire blogs, or even books about them.

But when you're considering joining or investing in a company, or buying a product, how do you know which stories to believe? Everybody's famous in the Internet age, so how do you know what information to base your decision on. It's harder than you think.… Read more

Hellman & Friedman is acquiring Getty Images for about $2.4 billion in a deal that would make the powerful but financially troubled seller of stock photography into a privately owned company, the companies said Monday.

Getty shareholders will receive $34 per share, and Hellman & Friedman will assume the company's debt under the deal, the companies said. That price is a 29 percent premium over Friday's closing price of $24.45; on Monday, the stock closed at $31.67.

Getty's board has approved the acquisition and resolved to recommend the transaction to shareholders; the deal is … Read more

While Getty Images continues to look around for someone to buy them, the rising Internet-based stock image house PhotoShelter today announced that it has hired two new executives, one of which it hired away from Getty. When it launched its stock image business called the PhotoShelter Collection late last year, the company promised to invest $1 million toward promoting the Collection's images among buyers of stock photography. As part of this effort, the company has hired former American Express Senior Product Manager Andrew Fingerman to be PhotoShelter's new vice president of marketing, and Getty Images' former market development … Read more

Adobe Creative Suite users will soon have to turn to other Web-based or local stock photography services to get their stock photo fix.

Adobe on Monday quietly announced the end of its stock photography service. The Stock Photos service has been a part of the popular Creative Suite since the introduction of Adobe Bridge in version 2. The cutoff date is March 31st, giving users a little less than two more months to use the service to acquire legal shots to use in design work.

According to Adobe's FAQ on the matter, the company is getting out of the … Read more

Microsoft went public Friday with a $44.6 billion cash-and-stock bid to acquire Yahoo.

In its response, Yahoo called the Microsoft bid "unsolicited" but did not reject it.

Microsoft's offer, which was contained in the letter to Yahoo's board, amounts to $31 a share and represents a 62 percent premium over Yahoo's closing price on Thursday. Microsoft said it will offer shareholders the option of cash or stock.

"We have great respect for Yahoo, and together, we can offer an increasingly exciting set of solutions for consumers, publishers, and advertisers while becoming better positioned … Read more

Correction, 2:05 p.m. PST: This blog initially misstated Google's 52-week high. It is $747.

On his way to China last week, RSA's top executive, Art Coviello, stopped off in San Francisco for a meet-and-greet with customers in the financial sector. What with all the pyrotechnics on Wall Street, you'd think the banks would be cutting back spending on everything from encryption software--RSA's bread and butter--to thumb tacks.

Maybe that's happening and they're just not 'fessing up, but Coviello says he's not seeing evidence of a big pullback in technology spending.

Like … Read more

As investors around the globe view the sputtering U.S. economy with fear and trembling, at least one maven of the market economy sees a reason for hope: Bill Gates.

Stopping in Berlin on his way to the World Economic Forum in Davos, Switzerland, where he's expected to speak Thursday about the ways a more "creative capitalism" could benefit society's needier members, Microsoft's chairman told the German newspaper Bild that the best medicine to stave off a worldwide economic crisis is a good dose of new tech.

"I am an optimist. The U.S. … Read more

Getty Images, a major seller of stock photos and other licensed media, confirmed on Tuesday a New York Times report that it's for sale.

Or at least that its board is "exploring strategic alternatives to enhance shareholder value," according to a company statement.

The company didn't comment on the Times' report that the most interested buyers were private-equity firms such as Kohlberg Kravis Roberts and Bain Capital, or that its price could go as high as $1.5 billion.

Getty hired Goldman Sachs as financial adviser and Weil Gotshal & Manges as legal adviser, the Seattle-based … Read more