At Deadline Briefs

Profits Up, Sales Down for Oracle

Oracle Corp. reported a 28% year-over-year increase in first-quarter profit, but its revenue from new software sales fell short of expectations. Oracle said new sales amounted to $525 million in the quarter that ended Aug. 31, down 7% from last year's first-quarter level and well below Wall Street predictions of nearly $600 million. Chief Financial Officer Jeff Henley said the company "had a number of deals slip" during the quarter.

MCI Plea Denies Oklahoma Charges

WorldCom Inc., which now does business under its MCI brand name, pleaded not guilty to the felony charges that Oklahoma's attorney general filed against the company and six of its former executives last month. In another matter, MCI announced a proposed settlement deal with two groups of creditors that had objected to its Chapter 11 bankruptcy restructuring plan.

Hacker Arrested For Times Break-in

Adrian Lamo, a hacker who has publicized his intrusions into various corporate networks, was due to appear in federal court in New York late last week for an initial hearing on charges that he broke into systems at The New York Times Co. in February 2002 . Lamo, 22, surrendered to U.S. marshals in California and was ordered to report to the FBI to New York.

Short Takes

Hewlett-Packard Co. this week plans to announce new products for small and midsize companies. ... Informatica Corp., a Redwood City, Calif.-based data integration vendor, will pay $62 million to buy Scotts Valley, Calif.-based Striva Corp., which sells mainframe integration software.

Copyright © 2003 IDG Communications, Inc.

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