Oracle, NetSuite - Current Affairs Questions and Answers

1)   Which tech giant has announced a five part benchmark US dollar bond sale ahead of the pricing later on 29th June?

a. Oracle
b. IBM
c. Cognizant
d. HCL
Answer  Explanation 

ANSWER: Oracle

Explanation:
Tech giant Oracle announced the five part benchmark US dollar bond sale ahead of pricing.

  • The borrower is approaching investors with 5,7, 10, 20 and 30-year bonds, with initial price talk set at T+110bp area, T+125bp area, T+135bp area, T+165bp-170bp area and T+185bp area.
  • Proceeds will be used for general corporate purposes including stock repurchases, dividend payments and debt referencing as well as future acquisitions
  • Ratings are A1/AA-/A+.
  • Oracle was last in the US dollar market in April 2015 when it raised USD 10 billion
2)   OpenText has chosen which former Oracle executive as their new President?

a. Stephen Murphy
b. Mark Barrencechea
c. Paul Tudor Jones
d. None of the above
Answer  Explanation 

ANSWER: Stephen Murphy

Explanation:
Former Oracle executive Stephen Murphy has been selected as the new President of OpenText, giving CEO Mark Barrenechea ample time to focus on strategy and the product road map of the company. Barrenechea will cede the title of president, but take on the mantle of Chief Technology Officer whereby he will focus on acquisitions. Murphy’s appointment will take effect from January 4th, 2015. OpenText is one of the largest software companies in Canada.

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