Larry Ellison, Oracle's CEO, has cited the Internet as one of the main reasons for his company's stronger than expected first quarter earnings. "The phenomenal growth of the Internet is driving demand for our database technology," he said. Net income for the quarter ended August 31 increased 30% to ($195 million) #117 million compared with ($150 million) #90 million in the same period a year ago. Oracle has had trouble exploiting applications that work on its databases but is hopeful that the launch of Oracle8i this week will improve this market.
Latest Tesla news: Tesla stock price tanks amid reports of 'widening probe' by SEC and claims the base Model 3 loses money
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The former employee says that Tesla fired him for bringing the accusations to management internally