Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Needham Upgrades Oracle to 'Strong Buy'

Needham upgraded Oracle (ORCL) to strong buy from buy.

Analyst Richard Davis says the company hosted its annual Analyst Day, at which it discussed in detail the company's structure, advantages and marketing position for each of its

primary solutions. Davis believes the company's business is on the verge of an improvement that is likely to last at least five quarters. He notes some of the improvement will be easier sales comparisons, but most will be real -- as much-improved applications, database and application servers gain traction in

the marketplace.

Davis says results are likely to be a more a favorable view of the company's prospective growth. He sees Oracle posting year-over-year EPS growth of 20%+ for the next four to six quarters as calendar 2002 begins. He has a $25-$27 target.

blog comments powered by Disqus