3SOF

Great pick Rams and even better decision to sell and lock in the profit. 

Quote from: buddjas1 on September 20, 2006, 09:28:30 AM
Great pick Rams and even better decision to sell and lock in the profit. 

I agree.  Very nice, Frederick.  Applause.

Thanks guys, it was a fun trade

We sold our position on the pre market @ $18.40 this morning

BUSINESS SUMMARY   
Oracle Corporation, together with its subsidiaries, engages in the development, manufacture, distribution, servicing, and marketing of database, middleware, and application software. It offers software license updates, product support, and other services. The company operates in five segments: New Software Licenses, Software License Updates and Products Support, Consulting, On Demand, and Education. The New Software Licenses segment provides licenses for database and middleware software that includes database management software, application server software, analytics, development tools, and collaboration software; and applications software, which provides enterprise information for various sectors, such as financials, human resources, maintenance management, manufacturing, marketing, product lifecycle management, procurement, projects, and supply chain planning. The Software License Updates and Products Support segment provides customers with rights to unspecified software product upgrades and maintenance releases, and Internet access to technical content, as well as Internet and telephone access to technical support personnel. The Consulting segment designs, implements, deploys, and upgrades database, middleware, and applications software. The On Demand segment provides multifeatured software and hardware management, and maintenance services for its database, middleware, and applications software. This segment also provides customers configuration and performance analysis, and annual on-site technical services. The Education segment offers Internet-based training for use of its database, middleware, and applications software. The company distributes its products and services to consultants, education providers, Internet service providers, network integrators, resellers, independent software vendors, and system integrators/implementers. Oracle Corporation was founded by Lawrence J. Ellison in 1977 and is headquartered in Redwood City, California.



ORCL is poised to set a new 52week high. And possibly a good news on the way.

"ORCL" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                                          
All history on a stock pick in 1 thread is awesome.                                       
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.                   
Thank You....and good luck with all your trades....make some $$$     


Here is today's chart.......

Looks like consolidation is finished.

Finally, ORCL Hits new 52 week high.

ORCL

Oracle 1st-qtr profit rises 25 pct
Thursday September 20, 4:50 pm ET


BOSTON (Reuters) - Oracle Corp (NasdaqGS:ORCL - News), the world's third-largest software maker, reported a 25 percent rise in quarterly profit on Thursday, boosted by higher-than-expected sales of new software.

The company's revenue and earnings per share excluding items beat average Wall Street expectations, and its shares rose 1.7 percent to $21.39 in after-hours trading.

"We continue to take applications market share from SAP," Oracle President Charles Phillips said in a statement.

Oracle is the leader in database software, ahead of International Business Machines Corp (NYSE:IBM - News). It is No. 2 in business applications, behind Germany's SAP AG (XETRA:SAPG.DE - News)

Net income jumped to $840 million, or 16 cents per share, for the first quarter ended August 31, from $670 million, or 13 cents, a year earlier.

Revenue rose 26 percent to $4.53 billion, beating the average analyst target of $4.36 billion, according to Reuters Estimates.

Earnings, excluding items such as stock-based compensation expenses and acquisition-related charges, were 22 cents per share, a penny above the average Wall Street expectation, according to Reuters Estimates.

The results were buoyed by sales of products that were not in its lineup a year ago. Oracle added them after buying Hyperion Solutions Corp, Stellent Inc, MetaSolv Inc and several other software makers over the past year.

Revenue from new software licenses rose 35 percent from a year earlier to $1.1 billion. Three months ago, it had told investors it expected new software licenses to rise between 20 percent and 30 percent from the year-earlier period.

Shares of Oracle trade at about 16 times the average outlook for next year's earnings per share, and slightly above the future price-to-earnings ratio for Microsoft Corp (NasdaqGS:MSFT - News), which is 16.

IBM trades at 15 times earnings, and SAP trades at 22 times estimated 2008 earnings.

(Reporting by Jim Finkle)

The wait is over, all-time high again for oracle...

ORCL

Going strong..

Terliso, Great work...Applaud !

Anyone have a take on ORCL going into earnings this afternoon?

Oracle's Shares Soar 8.4% On Spending Hopes...

Shares of Oracle (ORCL) catapulted to a more than nine-year high on Friday, a day after the business software giant reported solid quarterly results that eased investor concerns about tech spending.

Oracle's results prompted at least nine brokerages to raise their price targets on the stock.

Shares of the Redwood City, Calif.-based No. 1 maker of databases jumped 8.4% to 27.48 on the Nasdaq. More than 145 million shares changed hands, where its average trading volume is roughly 30 million.

"Oracle remains an attractive large-cap software investment, given new product introductions, actions to drive higher profitability and growth in the Sun business," brokerage firm Jefferies & Co. said Friday in a note to clients.

For its fiscal first quarter ended Aug. 31, the company posted a 25% surge in software sales and a pickup in its new hardware business. Oracle completed its $7.4 billion acquisition of server maker Sun Microsystems in January, vaulting into the hardware market.

FBR Capital Markets said Oracle can deliver better-than-expected revenue and exceed its goal for Sun to deliver $1.5 billion of operating income in its first year.

"Software companies seem to execute best when they have the benefit of a technologist CEO and a sales and operations-focused president — Oracle now has that combination in place," wrote JMP Securities, referring to ex-Hewlett-Packard (HPQ) CEO Mark Hurd's recent move to Oracle. Hurd joined Oracle as co-president just this month. Oracle CEO Larry Ellison had publicly criticized HP's board for forcing Hurd's resignation over issues related to the lodging of a sexual harassment claim against Hurd.

JMP Securities, which raised its rating on the Oracle stock to market outperform, or buy, from market perform, or neutral, said Oracle would see a new growth driver in high-end engineered systems that combine hardware and software, two of which might be launched next week.

Oracle's shares have risen 20% since Hurd joined the company on Sept. 6.