I don't think so. They bought back 33.1 m shares last quarter for about $1,000,000,000 and authorized an add'l $5 billion on top of what remained.
The earnings shortfall of 3¢ was entirely explained by the strength of the U.S. Dollar since the S&P "downgrade", shifting FX from a tailwind to a headwind amounting to a net 3% shift. Cash flow from operations was an all-time record, about $13 billion, topping Q1 by a little. And the tax rate was a little higher.
Technically, the stock held above the 52-week low and if that test remains successful, $30 by next earnings report looks reasonable to me.
There is a wide disparity between those who think the Eurozone will drag world economies down, and those who don't. Oracle didn't slip, but traders sold ORCL down to when at $25 it was a compelling buy. In sympathy, IBM and other stocks also fell Wednesday, but by 4 PM Friday were maybe halfway back to their Monday close.
I can't really tell what your 5 words mean. A slip in a long-term climb, maybe. |
