Company News for June 25, 2010 - Corporate Summary

• Oracle ORCL reported better-than-expected fiscal fourth quarter earnings of 60 cents, eight cents better than Zacks expectations, on revenues of $9.6 billion, up from the $9.5 billion expected. The firm noted, "We continue to take large chunks of market share away from SAP."  FBR reaffirmed its "outperform" rating for Oracle ORCL, with a $30 price target

• Research in Motion RIMM bested estimates with fiscal first quarter earnings of $1.38, up from Zacks estimates of $1.34, on revenues of $4.24 billion, which fell shy of Zacks projections of $4.35 billion. Needham maintained a "buy" on RIMM shares, with a $90 price target

• Sterne Agee, however, lifted the price target on the shares to $320 from $300

• Needham upgraded Maxim Integrated Products MXIM to "strong buy" from "buy," placing a $25 price target on the shares

• FBR reiterated an "outperform" on Discover Financial Services DFS, with a $19 price target

• Boeing BA temporarily grounded its Dreamliner planes upon finding problems in its horizontal tail; however, the firm said delivery and testing dates not imperiled.

• H&R Block HRB reported fiscal fourth quarter earnings of $1.46, sharply below Zacks expectations of $2.04 per share, on inline revenues of $2.3 billion

• Accenture ACN bested projections with fiscal third quarter earnings of 73 cents, 4 cents above consensus estimates, on revenues of $5.6 billion, which topped projections of $5.5 billion