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

Markets & Finance

Lehman Cuts Oracle Estimates

Lehman Brothers cut estimates on Oracle (ORCL).

Analyst Neil Herman says given the tough microenvironment, price pressure inflicted by purchasing managers, the challenges of Oracle 11i, and continued employee departures, he believes the chances of the company hitting fourth quarter estimates are low; he cut his $0.13 fourth quarter earnings per share estimate to $0.11, and trimmed the 23% total revenue growth to 15%.

Herman believes the overwhelming bulk of the bad news is reflected in the stock price, which limits the downside. However, although he doesn't know when it will occur, eventually, there will be some good news, or at least some good news about an environment, which will translate in multiple expansion.

He recommends Oracle for long term oriented investors.

blog comments powered by Disqus