Oracle will provide some new insights into the state of global enterprise-software demand and the impact of the corona virus, when the company reports financial results for its fiscal third quarter ended February.
Stock market should be expecting again the same lies and cover using the excuses and closing the eyes of investors from the corruption that continue to directly hurt sales.
SC will blindside all with corona virus and the compliance actions taken by the company and some more BS
@3vvr+13W3Ir5w, sales were up by leaving customers outsold. We all know that. Ship wreck.
If the Q numbers were so good then why did the Board approve yet another $15 BILLION for buybacks? Job CUTS and maintaining EPS growth through buybacks clearly shows Oracle is not growing top line.
What they say at earnings call is irrelevant. Customers are fleeing, DB is steadily getting replaced.
If that was true, the numbers would reflect it. Sales were up.
Oracle knows how to juggle the numbers. What they say at earnings call is irrelevant. Customers are fleeing, DB is steadily getting replaced. Oracle is a death ship.
It just doesn't happen over night, it takes 5 or so years, but it happens.
People like you were saying the same thing years ago. How about you get back to us when it actually happens?
Last time I checked, O wasn't looking for someone to buy it out.
And none of them started out that way either. It all started with a long slow stock slide. With DEC it was about 1987, Sun 2001, Sperry 1979. It just doesn't happen over night, it takes 5 or so years, but it happens. Even Wang hung around for several years after the son drove it into the ground. What makes you think Oracle will be any different?
I would feel that ORCL's numbers are totally irrelevant is the market has changed totally since they closed the quarter out on Feb 29th.
DEC and Sperry were never on the "brink of Bankruptcy"
Sure, DEC was doing great, not. Its acquisition by Compaq was a huge mistake. What's left of it belongs to HP Enterprise, which is a basket case of its own.
Sun was a layoff machine, desperately looking for a savior to buy it.
Last time I checked, O wasn't looking for someone to buy it out. And at this moment ORCL is up 13%. So much for the doomsday predictions for this quarter,
7K ERP Fusion customers is laughable
The results were fine. Not much growth but a lot of revenue can be generated from existing customers for many years.
Customers have too much investment in ERP and the RDBMS for anything dramatic to occur.
Unlike those firms, some of which were on the brink of bankruptcy before they got bought out, O's sales and profits were up.
DEC and Sperry were never on the "brink of Bankruptcy" And Sun had no debt at the time of takeover. How much debt does Oracle have? Despite the revenue they still have a net debt from all the stock buyback.
Sounds like the stories of DEC, SUNW, Sperry Nothing really changes.
Unlike those firms, some of which were on the brink of bankruptcy before they got bought out, O's sales and profits were up.
Sounds like the stories of DEC, SUNW, Sperry Nothing really changes.
You did the right thing. That was the high point for Oracle stock. It will never go that high again. When things start to recover, Oracle is not going to be on the investment list. Once investors are gone, just like customers, they aren't going to be coming back.
I sold out completely at $57 a share and I feel like a scholar. ORCL is currently $42 and some cents.