What's going on Ax Man? Tell us true. We need information.
6 replies (most recent on top)
"After MH died, Oracle became normal." This is laughable. Larry and Safra and so many others are still around.
Don't forget that Oracle spends a TON of money on business travel and related expenses, all of which it is saving it for the moment. I've also actually seen some new deals signed.
I think we are safe for the moment, but when customers stop paying their bills, then worry. Also worry about June 1 new fiscal announcements. The dull scalpel comment above is very valid.
ORCL doesn't use an axe, it's more like a dull scalpel. They cut a small stream of people continually every quarter to avoid triggering WARN notices and the negative publicity that comes with them.
Don't worry, the scalpel man will get to you eventually. ORCL stock is at $53, same price it was three years ago, despite billions in cash burned in buy-backs to prop it up. When the cash dries up the stock will tank, and scalpel man will switch to a chain saw.
I don't think anyone has been laid off during covid19. Anyone?
After MH died, Oracle became normal.
He was uncovered, and got cut.