aw, c'mon :-) that was a good post!
Tuesday June 26 4:58 PM ET
Oracle's Ellison: Quarter Looks
'Stronger'
REDWOOD SHORES, Calif. (Reuters) - Oracle Corp.
(NasdaqNM:ORCL - news) said the current quarter ``looks a lot
stronger,'' with big deals coming back after crumbling in a weak U.S.
economy, Larry Ellison, founder and chief executive at the world's No.
2 software maker, said on Tuesday.
``Our current quarter looks a lot stronger than our previous quarter,''
Ellison said during a press conference at the company's headquarters in
Redwood Shores, California.
``We're seeing some of the big deals coming back,'' said Ellison. The
enterprise software companies has seen revenues fall short of Wall
Street expectations after corporate customers cut spending on large
projects.
On June 18, Oracle posted fiscal fourth-quarter earnings that matched analysts' consensus forecast,
and said it would see ''zero'' revenue growth and flat earnings of 8 cents a share in its first quarter,
which is usually its smallest for sales.
Oracle shares ended Tuesday's regular Nasdaq trading session 67 cents higher at $18.44.
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