Oracle (ORCL) And RIM (RIMM): Tech, Large And Small, Is Doing Fine

[24/7 Wall St.]

24/7 Wall St. Daily News

Wall St. focused on earnings forecasts from Oracle (ORCL) and RIM (RIMM) and thought the numbers were a bit light. That turned traders against the shares of both companies, but that is a mistake. The news from the two companies is that technology sales, both $300 Blackberries, and $10 million database software systems, are doing just fine. Oracle said that its fiscal Q4 profits were up 27%. According to The Wall Street Journal, "Oracle projected revenue growth of 18% to 20% in the current quarter." Even in a good economy, those are outstanding projections for a company Oracle's size. RIMM...http://feeds.feedburner.com/~f/typepad/RyNm?i=IBDZxI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=IBDZxI) http://feeds.feedburner.com/~f/typepad/RyNm?i=7EjB1I</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=7EjB1I) http://feeds.feedburner.com/~f/typepad/RyNm?i=hR0FVi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=hR0FVi)


complete story here... (http://www.247wallst.com/2008/06/oracle-orcl-and.html)