Oracle bucked a sea of red on Friday, rising 1.1% on its first gain in sales of new software licenses in more than two years.
Oracle also beat earnings and revenue estimates with year-over-year earnings growth of 31%, fueled in part by cost-cutting, and revenue growth of 2.1%, and the company guided first-quarter earnings and revenue estimates in line with analysts' estimates.
Oracle's stock finished 4% off its highs for the day, as negative economic data and the company's takeover and legal battle with PeopleSoft and JD Edwards took its toll. Technology · Steve Karam · The Oracle Alchemist:: Rise and Do Honor! Oracle Awards. Wednesday, November 1st, 2006 Not only that, but the new 80GB iPod has a better battery life with up to 20 http://www.oraclealchemist.com/category/technology/HOME | Oracle of Sweden:: not be high enough to sleep with you immediately, but you have pretty much but it may be used as an intermediate step to move her somewhere else http://blog.oracle-of-sweden.com/HOME |
SAP, meanwhile, edged higher on speculation that it could benefit from the Oracle-PeopleSoft-JD Edwards war.
The broader market plunged on falling producer prices and consumer confidence, as the steady drumbeat of deflation fears and negative economic news finally took a toll.
The Nasdaq fell 27 to 1626, the S&P 500 lost 9 to 988, and the Dow declined 79 to 9117. Volume declined to 1.26 billion shares on the NYSE, but rose to 1.82 billion on the Nasdaq. Decliners led by 21-11 on the NYSE, and by 21-11 on the Nasdaq. Downside volume was 75% on the NYSE, and 80% on the Nasdaq. New highs-new lows were 301-10 on the NYSE, and 171-5 on the Nasdaq. Parallax : Calculating Technologys Future: Point, Counterpoint (I :: In fact, both SAP and Oracle not only saw the shift coming but have taken not be a surprise to find me joining the ranks of pretty much everyone else in http://parallax.blogs.com/parallax_calculating_tech/2006/03/point_counterpo.htmlHOME | Oracle patents content management systems [LWN.net]:: I cant forgive this, but then again Im not the almighty JC. *WTF Youll see that CMSs pre-date the Oracle application by as much as a decade. :- o http://lwn.net/Articles/93245/HOME |
Adobe plunged 12.3% after the company guided revenue estimates lower.
SCO Group soared 24% on optimism about a settlment with IBM. Oracle stair-steps to on-demand | Software as Services | ZDNet.com:: The notion of pods is not dissimilar to Workstreams approach, but the creation NetSuite rises in land of the sun+2 votes http://blogs.zdnet.com/SAAS/?p=413HOME |
Amdocs rose for a second day on reports of a lucrative deal with Verizon.
Intel lost 3.5% on a downgrade.
Cree plummeted 18.5% on legal concerns.
Netflix fell 12.4% on reports of insider selling.
NVIDIA fell 8% on concern that it could lose Xbox business to ATI, which surged 6%.
Ameritrade gained 1.2% after raising guidance.
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