Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

DB Alex. Brown Wary on Oracle


DB Alex. Brown remains cautious on Oracle (ORCL).

Analyst James Moore says at the Oracle Applications User Group conference last week that he learned from several consultants that Oracle has been cutting prices on its applications by up to 50%-70% off the list price. He notes several consultants indicated that pipelines were soft, and that they did not expect to see a turnaround for several quarters. Moore believes the company's guidance for Q4 was rather aggressive considering the current macro-environment, limited visibility and recent signs of increased pricing pressures.

He would encourage investors to be cautious over the short term, and says he wouldn't be surprised to see Oracle reduce estimates for Q4 sometime in early- to mid-May.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus