Price targets for Oracle (ORCL) are being slashed (I, II) following its FQ2 bombshell (I, II,...

|About: Oracle Corporation (ORCL)|By:, SA News Editor

Price targets for Oracle (ORCL) are being slashed (I, II) following its FQ2 bombshell (I, II, III), which is bound to raise fears of an IT spending slowdown. During its earnings call, Oracle partly blamed the weakness on "an increase in last-minute ... approvals" for large deals, as well as a chip transition for its server business. One silver lining: Oracle hinted Apple has become a major buyer of its costly Exadata systems. ORCL -10.7%.