Oracles first solid quarter resulted in 26% gain in sales, but the concerns lies in the U.S economy. It can have an impact on information technology due to business spending. Because of the U.S. financial service market; decline in housing price and the credit markets send fears through out investors of Oracle. Sales my decrease from the troubled market sectors and may cause an impact on information technology. Oracle strategy is to acquire companies in order to generate sales and to increase profit by reduce cost and increase efficiency. In the last three years, Oracle spent $25 billion to acquire more than 30 companies. As a result 2.7 billion in the first quarter due to the net operations and increase stock with shares 10 cents higher. On September 18 the Federal Reserve cut interest rate by half a percent causing more concerns.
www.businessweek.com/technology/content/sep2007/tc20070920_126602.htm
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