Tuesday, July 18, 2006
Fallout for Oracle from SAP disappointment downplayed - MarketWatch
Fallout for Oracle from SAP disappointment downplayed - MarketWatch: "Nevertheless, Henning Kagermann, chief executive of the Walldorf, Germany-based firm (DE:716460: news, chart, profile) , said it hadn't witnessed changes in technology spending by customers nor a change in 'competitive dynamics.' What's more, SAP maintained its financial forecast for the year as a whole. See full story.
As Wall Street digested the news, analyst Adam Holt at J.P. Morgan said he would be a buyer of Oracle's stock on weakness related to SAP's revelation.
'We continue to believe shares of Oracle can outperform,' he told clients. "
As Wall Street digested the news, analyst Adam Holt at J.P. Morgan said he would be a buyer of Oracle's stock on weakness related to SAP's revelation.
'We continue to believe shares of Oracle can outperform,' he told clients. "
