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Technology Stocks : Oracle Corporation (ORCL)

ORCL 262.61

+2.2%

Oct 31 9:30 AM EST

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From: Sr K	6/24/2011 4:44:01 PM
	of 19079

The "market" missed the non-issue (or the positive aspect) about the hardware revenues decline, and the analysts who listened to the cc Q&A want to advise their clients and not the media. seekingalpha.com excerpt: Safra Catz Let me just also, John, add in -- I commented on, that in my presentation a little bit. As you know, we used to resell Hitachi. But the other big storage that we sold was LSI's Eugenio line, which I don't know if you know, but during the quarter, was actually sold to NetApp. And so these are 2 product lines that we sold a lot more of and especially the NetApp Eugenio move happened during this quarter. And so our storage of selling that built-in products is significantly down, while, what you don't see is that our own Storage business is up. It just didn't overwhelm the reduction in that storage and the storage -- the third-party storage that we're reducing aggressively intentionally.

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