Kick the chair out from under Oracle

Wednesday, March 26th, 2008

Oracle (ORCL: chart, web, Y!) posted disappointing quarterly software sales today and hinted that its customers had become more cautious, dispelling the notion that the software sector would be immune to the economic turmoil that has roiled the rest of the tech sector.

As I mentioned last weekend, I suspect Oracles report could serve as a template for future earnings reports to come in the next month for the tech sector. In short, profits may continue to climb, but worries about our economic condition and consumer spending will place a target on revenues and sales. If those numbers …

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Next Week on the Street

Sunday, March 23rd, 2008

Walgreens reports earnings - March 24th
What a difference a day makes. Leap year is going to be particularly good to Walgreens (WAG: chart, web, Y!).

On Monday the drugstore chain reports second-quarter earnings, and those numbers garner help from one extra day’s worth of business in February. Same-store sales rose 8.3% in February, and analysts expect that February 29th sales will push the EPS up to 67 cents.

Oracle Insight - March 26th
Oracle (ORCL: chart, web, Y!) is scheduled to report fiscal third quarter earnings after the market closes on the 26th. Normally I don’t follow Oracle, but …

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Posted in Economics, Finance, Market Trends | 1 Comment »