The Village View

Wednesday, December 06, 2006

Oracle falls on database sales concern

Looks like Oracle's stock is taking a bit of a beating this morning due partly to a Lehman note expressing concerns on database software concerns. Volume is also way up.

Oracle Corp. shares fell as much as 5.6 percent on Wednesday after brokerage Lehman Brothers advised clients to sell the stock, saying quarterly sales of its database software might fall short of Wall Street expectations.

My sense is that this is more of a stock story than anything fundamentally happening at Oracle or in the database, or even apps, market. I think you'll continue to see slow/moderate growth of Oracle's core database license (mid single digits probably) and see continued emphasis on other, higher growth database areas such as RAC. IBM, Microsoft and smaller players such as MySQL, I think will continue to cause Oracle some headaches.

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