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Oracle Issues Poor Fiscal Second-Quarter Results; Customers Delay Purchases

publication date: Dec 21, 2011
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Oracle posted disappointing fiscal second-quarter results that sent the shares tumbling by almost 15% today. The firm noted that weakness in software license sales was caused by customers putting off purchases. However, we think there may be more to the poor results than a timing issue and remain on the sidelines with respect to the shares.

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