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Unsurprisingly, many enterprise IT names are getting clobbered thanks to Oracle's (ORCL -14.5%)...

Unsurprisingly, many enterprise IT names are getting clobbered thanks to Oracle's (ORCL -14.5%) FQ2 miss. Tibco (TIBX -13.5%), due to report after the close, is among the hardest hit, though other high-P/E software names are also off strongly. INFA -11.1%. CVLT -15.8%. CTXS -7.3%. CRM -7.2%. The pain also extends to rivals SAP (SAP -6.3%) and IBM (IBM -3.7%), and networking firms F5 (FFIV -7%) and Riverbed (RVBD -5.6%). (more on ORCL)
Comments (1)
  • Not to mention QQQ being down 1.9% and Software ETF IGV -4.4%.
    21 Dec 2011, 11:00 AM Reply Like
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