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MU (13.77 +1.74%): Mentioned positively at Barron's

ORCL (30.36 -8.57%): Missed quarterly EPS by $0.01 ($0.87 ex items vs $0.88 estimate), revs rose 0.1% yoy to $10.96 bln vs $11.12 bln estimate; sees Q1 EPS of $0.56-0.59 and revs +3-6% in constant currency

07:57 am Oracle shares fall 7% following revenues that were below expectations
Oracle (ORCL $30.84 -2.46) reported fourth quarter earnings of $0.87 per share, excluding non-recurring items, which missed expectations and non-GAAP revenue of 0.1% year/year to $10.96 billion which was below expectations. Q4 new software license and cloud software subscription revenues +1% to $4.0 billion versus the +1-11% guidance. Software license updates and product support revenues were up 6% to $4.4 billion. Hardware systems products revenues were $849 million. GAAP operating income was up 9% to $5.0 billion, and GAAP operating margin was 46%. Non-GAAP operating income was up 1% to $5.6 billion, and non-GAAP operating margin was 51%. "Our annualized SaaS revenue run rate is over $1 billion, making us a strong number two in cloud applications -- we are larger than SAP and Workday combined.

"Furthermore, in Q4 our HCM cloud alone generated more SaaS revenue and added more new Fusion HCM customers than Workday added HCM and ERP customers combined in their most recent quarter. Exadata, Exalogic, Exalytics, SPARC SuperCluster and our other engineered systems grew at a rate of 45% in Q4 as we took considerable market share from our primary competitor -- IBM P-Series -- which declined 32% in their most recent quarter."

Oracle also announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of outstanding common stock, reflecting a 100% increase over the current quarterly dividend of $0.06. This increased dividend will be paid to stockholders of record as of the close of business on July 12, 2013, with a payment date of August 2, 2013.

Oracle also announced that its Board of Directors authorized the repurchase of up to an additional $12.0 billion of common stock under its existing share repurchase program in future quarters. Oracle also announced that it has applied to list its common stock on the New York Stock Exchange under its current symbol "ORCL", Oracle expects that its common stock will begin trading on the NYSE on July 15, 2013. Oracle sees first quarter EPS of $0.56-0.59 which was within expectations and constant currency growth of 3-6%.

09:02 am Methode Electronics upgraded to Outperform from Neutral at Robert W. Baird: . Robert W. Baird upgrades MEI to Outperform from Neutral and notes that they have waited 18 months for this quarter as the pieces of Methode's transformation fall into place. Cost structure is changed. Legacy products are gone. New business is launching. Methode has turned the corner and they see several years of strong revenue growth and rising margins moving the stock toward the $20 level over time. Ideally, they would like to buy the stock lower; however, that may take the hiccup in results they expected this quarter.