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  • Evercore and CLSA have downgraded Oracle (ORCL -8.8%) following its FQ3 miss and light top-line guidance. The numbers have many worried about the impact of cloud apps ... and not just on application software sales. "As customers move to the cloud, you get a lot of the functionality consolidated ... so you need less hardware and less databases and middleware," says Pac Crest. UBS is still bullish: "Historically when they have a miss it’s a great time to buy." Interestingly, cloud rivals are higher - WDAY +1.4%, CRM +0.4%, N +1.2% - even as other peers follow the tech sector lower. IBM -1.6%. INFA -1.6%. RHT -1.1%. (transcript[View news story]
    ORCL acquiring cloud companies is one thing - but - having a integrated solution portfolio and not a collection of arcane on-premise software and more modern cloud applications is not a viable solution for customers. You get a best of breed application then spend a fortune in implementation trying to tie in to to everything else....
    Money pit!
    Mar 22, 2013. 12:04 PM | Likes Like |Link to Comment
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