The hell with CNBC; I'm more concerned with Upin, who is a complete moron. The Street likely thought the chance of ORCL exceeding expectations in application software revenue growth was minimal, hence, CNBC lined up Upin post earnings announcement so he could pound his chest. NOT!
Upin is just plain wrong, and he knows it. You could actually see him swallow his words as his initial words regarding ORCL's application's business were far beyond his expectations. Yet later in the interview, he got his balls back exclaiming how tough ORCL's road ahead is, how niche players like SEBL, ITWO have growth rates double that of ORCL, anything to drub the stock. But the bottom line for Q2 is that Upin was WRONG, WRONG, WRONG.
The bottom line here is that traction IS taking place, and it is just a matter of time before ORCL surpasses SEBL and the lion's share of the application market migrate to the suite approach that ORCL has uniquely taken. There is just no denying this. If you're long time investor (1-2 years), I'd be loading up the truck on this one. |
