Friday, September 17, 2010

Oracle Hits 9-Year High

A case for the bulls. Reporting solid quarterly results, ORCL shares are now trading at 9-year high:

Jefferies: "ORCL remains an attractive large-cap software investment, given new product introductions, actions to drive higher profitability and growth in the Sun business,"

In Q1 the company posted a 25 percent surge in software sales as well as a pickup in its new hardware business.

That Sun acqusition is looking good now.

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