TELECOMMUNICATIONS
NATO invests in videoconference gear

NATO is investing in technology that will allow delegates to meet virtually through videoconferences instead of in person. As part of a contract with SAIC, Polycom, a San Jose, Calif.-based technology firm with a federal office in Herndon, will provide networks and hardware for the 28-nation alliance.

Polycom sets up special “telepresence” rooms in each location, equipped with high-definition monitors and secure networks. Furniture and wallpaper in each telepresence room is identical, so that virtual participants, whose faces appear life-size on high-definition screens, as well as those who are physically present, can simulate being in the same room, according to the company.

The contract, through SAIC, formalizes a years-long relationship between Polycom and NATO, Polycom federal market director Russ Colbert said.

— Mohana Ravindranath

CLOUD COMPUTING
Oracle forecast trails analysts’ estimates

Oracle issued a weaker-than-projected outlook for the remainder of the year, warning that it still has to close big corporate deals to remain on course.

The largest maker of corporate-database software predicted last week that profit, excluding some items, for the fiscal second quarter will be 64 cents to 69 cents a share. Oracle would have to reach the top of that range to match analysts’ 69-cent average estimate, according to data compiled by Bloomberg.

Chief Executive Larry Ellison is coming off a year of stagnant sales as Salesforce.com and Workday eat into Oracle’s revenue with Web-based products. While he’s seeking to convert customers to cloud computing and buying smaller companies to offer more business software, Ellison faces headwinds as companies pull back on technology spending overall.

— Bloomberg

business

economy

Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Comments
Show Comments
Most Read Business

business

economy

Success! Check your inbox for details.

See all newsletters

To keep reading, please enter your email address.

You’ll also receive from The Washington Post:
  • A free 6-week digital subscription
  • Our daily newsletter in your inbox

Please enter a valid email address

I have read and agree to the Terms of Service and Privacy Policy.

Please indicate agreement.

Thank you.

Check your inbox. We’ve sent an email explaining how to set up an account and activate your free digital subscription.