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Jefferies slightly lowers its estimates for Oracle (ORCL +0.4%) ahead of the company's June 21...
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Monday, June 11, 2012, 10:39 AM ETJefferies slightly lowers its estimates for Oracle (ORCL +0.4%) ahead of the company's June 21 FQ4 report. The firm says its checks indicate Oracle's struggling hardware business, the fruits of the Sun Microsystems acquisition, turned in another weak quarter, though its bread-and-butter software ops fared better. Dell and Cisco's April quarter reports, and the commentary accompanying them (I, II), have stoked fears of an IT spending slowdown.
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