Larry Elisson's Bad Day

[FStrader1980]

http://www.businessweek.com/videos/2013-09-19/a-bad-day-for-billionaire-larry-ellison

Oracle issued a weaker-than-projected outlook for the remainder of the year, warning that it still has to close big corporate deals to remain on course. Betty Liu reports on "Movers & Shakers" on Bloomberg Television's "In The Loop."


what do you guys think about ORCL both short-term and long-term perspectives.

 

[toolazy]

Quote from FStrader1980:

http://www.businessweek.com/videos/2013-09-19/a-bad-day-for-billionaire-larry-ellison

Oracle issued a weaker-than-projected outlook for the remainder of the year, warning that it still has to close big corporate deals to remain on course. Betty Liu reports on "Movers & Shakers" on Bloomberg Television's "In The Loop."


what do you guys think about ORCL both short-term and long-term perspectives.

negative outlook after what happened to Syria for all IT sector. Newly freed countries were source of new lucrative contracts. This flow of new work appears to stop, as low hanging fruit run out, therefore, underperformance expected.

 

[PlinytheTrader]

His week isn't going to get much better either after he is forced to hand his prized America's Cup over to the Kiwis.

 

[FStrader1980]

I see what you mean with the minerals in the middle east now being exported at a much slower pace.

Quote from toolazy:

negative outlook after what happened to Syria for all IT sector. Newly freed countries were source of new lucrative contracts. This flow of new work appears to stop, as low hanging fruit run out, therefore, underperformance expected.