|
|
| Latest Discussions |
|
|
| Users Online |
There is 1 user online:
0 Members and 1 Guest |
Newest Member
» karen932 |
|
| Statistics |
Members: 6782
Articles: 570 |
| Advertiser |
|
|
| View previous topic :: View next topic |
| Author |
Message |
JohnnyV
Site Admin
Joined: 19 Nov 2009
Posts: 0
|
 Posted: Thu 17th Dec, 2009 3:29 pm Post subject: Oracle Expecting Strong Earnings |
 |
|
| Quote: | Oracle (Nasdaq:ORCL) is expected to report strong fiscal-second-quarter earnings on Thursday, but the outlook for the company is troubled by worries about whether the European Commission will approve Oracle (Nasdaq: ORCL) is expected to report strong fiscal-second-quarter earnings on Thursday, but the outlook for the company is troubled by worries about whether the European Commission will approve its acquisition of rival Sun Microsystems (Nasdaq: JAVA).
Analysts predict that Oracle will earn 36 cents per share, on $5.7 billion in revenue in the quarter. That's up from 34 cents per share on $5.6 billion for the same period in the previous year.
There are conflicting reports about whether the SUN acquisition will go forward. Sources close to the Commission said on Thursday that there was small chance for approval. But industry sources said just the contrary, that the concessions that Oracle has made regarding the MySQL database, and other open source software, were sufficient to satisfy the competition authorities in Brussels. It is anything but sure that the acquisition will be approved. |
http://www.benzinga.com/markets/company-news/earnings/65727/oracle-orcl-earnings-expected-strong-but-worries-about-sun-deal-http://www.benzinga.com/markets/company-news/earnings/65727/oracle-orcl-earnings-expected-strong-but-worries-about-sun-deal- |
|
| Back to top |
|
 |
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
|
